Hanlon Investment Management Inc. Sells 85 Shares of KLA Co. (NASDAQ:KLAC)

Hanlon Investment Management Inc. lowered its position in shares of KLA Co. (NASDAQ:KLAC) by 4.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,763 shares of the semiconductor company’s stock after selling 85 shares during the quarter. Hanlon Investment Management Inc.’s holdings in KLA were worth $1,365,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KLAC. Vanguard Group Inc. boosted its stake in KLA by 0.6% during the first quarter. Vanguard Group Inc. now owns 13,112,261 shares of the semiconductor company’s stock worth $9,159,832,000 after acquiring an additional 76,226 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of KLA by 1.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,811,766 shares of the semiconductor company’s stock worth $2,318,329,000 after buying an additional 28,172 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in KLA by 2.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,618,709 shares of the semiconductor company’s stock valued at $1,829,352,000 after buying an additional 71,289 shares in the last quarter. Van ECK Associates Corp raised its stake in KLA by 25.7% during the third quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock valued at $1,083,684,000 after buying an additional 286,015 shares during the last quarter. Finally, Legal & General Group Plc boosted its holdings in KLA by 1.9% in the second quarter. Legal & General Group Plc now owns 1,163,958 shares of the semiconductor company’s stock worth $959,695,000 after acquiring an additional 21,412 shares in the last quarter. 86.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on KLAC. UBS Group lowered their price target on KLA from $900.00 to $765.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. JPMorgan Chase & Co. lifted their price target on shares of KLA from $800.00 to $950.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Cantor Fitzgerald reiterated a “neutral” rating and set a $925.00 price objective on shares of KLA in a research report on Tuesday, October 8th. Stifel Nicolaus boosted their price target on KLA from $760.00 to $875.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Finally, Evercore ISI raised their price objective on shares of KLA from $800.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Eight investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, KLA currently has a consensus rating of “Moderate Buy” and a consensus target price of $802.90.

KLA Stock Up 0.5 %

Shares of KLAC opened at $667.00 on Tuesday. The business’s 50 day moving average is $741.44 and its 200 day moving average is $764.25. The company has a current ratio of 2.13, a quick ratio of 1.48 and a debt-to-equity ratio of 1.65. KLA Co. has a 12-month low of $495.10 and a 12-month high of $896.32. The company has a market capitalization of $89.22 billion, a PE ratio of 30.29, a price-to-earnings-growth ratio of 1.41 and a beta of 1.29.

KLA (NASDAQ:KLAC) last released its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.03 by $0.30. KLA had a net margin of 28.92% and a return on equity of 105.16%. The firm had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.75 billion. During the same quarter last year, the business posted $5.74 earnings per share. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. Research analysts expect that KLA Co. will post 30.91 earnings per share for the current fiscal year.

About KLA

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.