Newbridge Financial Services Group Inc. Has $37,000 Stock Position in KLA Co. (NASDAQ:KLAC)

Newbridge Financial Services Group Inc. reduced its position in KLA Co. (NASDAQ:KLAC) by 94.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 58 shares of the semiconductor company’s stock after selling 1,010 shares during the period. Newbridge Financial Services Group Inc.’s holdings in KLA were worth $37,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Swedbank AB grew its stake in shares of KLA by 0.4% during the third quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock worth $426,660,000 after purchasing an additional 2,019 shares during the period. Diversify Advisory Services LLC grew its stake in shares of KLA by 22.7% during the fourth quarter. Diversify Advisory Services LLC now owns 648 shares of the semiconductor company’s stock worth $443,000 after purchasing an additional 120 shares during the period. Community Financial Services Group LLC grew its stake in shares of KLA by 538.5% during the third quarter. Community Financial Services Group LLC now owns 7,445 shares of the semiconductor company’s stock worth $5,765,000 after purchasing an additional 6,279 shares during the period. Eastern Bank grew its stake in shares of KLA by 655.8% during the third quarter. Eastern Bank now owns 27,368 shares of the semiconductor company’s stock worth $21,194,000 after purchasing an additional 23,747 shares during the period. Finally, ING Groep NV grew its stake in shares of KLA by 52.4% during the third quarter. ING Groep NV now owns 79,763 shares of the semiconductor company’s stock worth $61,769,000 after purchasing an additional 27,436 shares during the period. 86.65% of the stock is owned by institutional investors and hedge funds.

KLA Stock Performance

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

KLA (NASDAQ:KLAC) last released its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, beating 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%. Equities analysts predict that KLA Co. will post 31.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on KLAC shares. Deutsche Bank Aktiengesellschaft lifted their price objective on KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Stifel Nicolaus lifted their target price on KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Susquehanna lifted their target price on KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. The Goldman Sachs Group lifted their target price on KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, Wells Fargo & Company lifted their target price on KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $831.68.

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.