Louisiana State Employees Retirement System Sells 900 Shares of KLA Co. (NASDAQ:KLAC)

Louisiana State Employees Retirement System cut its stake in shares of KLA Co. (NASDAQ:KLAC) by 5.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,000 shares of the semiconductor company’s stock after selling 900 shares during the quarter. Louisiana State Employees Retirement System’s holdings in KLA were worth $10,712,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Legacy Investment Solutions LLC purchased a new position in shares of KLA during the 3rd quarter valued at about $29,000. Capital Performance Advisors LLP purchased a new stake in KLA in the third quarter worth approximately $38,000. FSA Wealth Management LLC purchased a new position in shares of KLA during the third quarter worth approximately $53,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in shares of KLA during the fourth quarter worth approximately $43,000. Finally, Peterson Financial Group Inc. bought a new stake in shares of KLA in the 3rd quarter worth approximately $56,000. 86.65% of the stock is currently owned by institutional investors.

KLA Trading Up 1.0 %

Shares of KLAC opened at $758.62 on Wednesday. KLA Co. has a 1-year low of $609.40 and a 1-year high of $896.32. The firm has a market capitalization of $100.81 billion, a price-to-earnings ratio of 31.90, a PEG ratio of 1.54 and a beta of 1.28. The firm’s 50-day moving average price is $689.08 and its 200-day moving average price is $715.10. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. Sell-side analysts anticipate that KLA Co. will post 31.59 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Morgan Stanley increased their target price on shares of KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. Needham & Company LLC raised their price objective on KLA from $800.00 to $830.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Oppenheimer raised KLA from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $750.00 to $850.00 in a research note on Thursday, October 31st. Wells Fargo & Company increased their target price on KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, StockNews.com cut KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $831.68.

KLA Profile

KLA Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of process control, process-enabling, and yield management solutions for the semiconductor and related electronics industries worldwide. It operates through three segments: Semiconductor Process Control; Specialty Semiconductor Process; and PCB and Component Inspection.