Journey Strategic Wealth LLC Sells 140 Shares of KLA Co. (NASDAQ:KLAC)

Journey Strategic Wealth LLC decreased its holdings in KLA Co. (NASDAQ:KLACFree Report) by 22.1% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 494 shares of the semiconductor company’s stock after selling 140 shares during the period. Journey Strategic Wealth LLC’s holdings in KLA were worth $227,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Resurgent Financial Advisors LLC bought a new position in KLA in the 4th quarter worth $25,000. Northwest Capital Management Inc purchased a new stake in KLA during the 2nd quarter valued at about $26,000. OFI Invest Asset Management purchased a new stake in KLA during the 3rd quarter valued at about $26,000. Cornerstone Planning Group LLC purchased a new stake in shares of KLA during the 2nd quarter valued at about $29,000. Finally, Quarry LP boosted its holdings in shares of KLA by 118.9% during the 1st quarter. Quarry LP now owns 81 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 44 shares during the last quarter. Hedge funds and other institutional investors own 85.49% of the company’s stock.

KLA Stock Performance

KLAC stock opened at $614.88 on Tuesday. The firm has a market cap of $83.15 billion, a price-to-earnings ratio of 31.23, a PEG ratio of 2.92 and a beta of 1.33. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.25 and a current ratio of 1.91. The firm has a 50-day simple moving average of $574.88 and a two-hundred day simple moving average of $519.33. KLA Co. has a one year low of $355.88 and a one year high of $658.78.

KLA (NASDAQ:KLACGet Free Report) last announced its quarterly earnings data on Thursday, January 25th. The semiconductor company reported $6.16 EPS for the quarter, beating the consensus estimate of $5.91 by $0.25. The firm had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.46 billion. KLA had a net margin of 27.98% and a return on equity of 107.56%. KLA’s revenue was down 16.7% on a year-over-year basis. During the same period last year, the firm posted $7.38 EPS. On average, equities analysts forecast that KLA Co. will post 22.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Raymond James raised their price target on shares of KLA from $550.00 to $625.00 and gave the company an “outperform” rating in a report on Friday, January 19th. Barclays lifted their price objective on shares of KLA from $500.00 to $550.00 and gave the company an “underweight” rating in a research report on Friday, January 26th. TD Cowen boosted their price target on shares of KLA from $525.00 to $650.00 and gave the stock a “market perform” rating in a research report on Friday, January 26th. Berenberg Bank boosted their price target on shares of KLA from $670.00 to $690.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Finally, Morgan Stanley cut their price objective on shares of KLA from $529.00 to $500.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $607.50.

Read Our Latest Stock Analysis on KLAC

KLA Profile

(Free Report)

KLA Corporation designs, manufactures, and markets 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, Display and Component Inspection.

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Institutional Ownership by Quarter for KLA (NASDAQ:KLAC)

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