KLA Co. (NASDAQ:KLAC) Shares Sold by Robocap Asset Management Ltd

Robocap Asset Management Ltd lowered its stake in KLA Co. (NASDAQ:KLAC) by 17.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 7,828 shares of the semiconductor company’s stock after selling 1,684 shares during the quarter. KLA comprises 3.3% of Robocap Asset Management Ltd’s investment portfolio, making the stock its 15th biggest position. Robocap Asset Management Ltd’s holdings in KLA were worth $4,933,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of KLAC. Legacy Investment Solutions LLC purchased a new position in shares of KLA in the third quarter valued at approximately $29,000. Groupama Asset Managment lifted its holdings in KLA by 82.3% in the 3rd quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 2,038 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in KLA during the 3rd quarter worth $38,000. Ameliora Wealth Management Ltd. purchased a new position in shares of KLA in the fourth quarter worth about $47,000. Finally, FSA Wealth Management LLC purchased a new position in shares of KLA in the third quarter worth about $53,000. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Price Performance

Shares of KLAC opened at $747.70 on Friday. The firm has a market capitalization of $99.36 billion, a price-to-earnings ratio of 31.44, a PEG ratio of 1.54 and a beta of 1.28. The firm’s fifty day simple moving average is $685.36 and its 200-day simple moving average is $716.53. KLA Co. has a twelve month low of $608.16 and a twelve month high of $896.32. 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 released its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. Equities analysts forecast that KLA Co. will post 31.59 EPS for the current fiscal year.

Analysts Set New Price Targets

KLAC has been the subject of a number of recent research reports. The Goldman Sachs Group increased their price objective on shares of KLA from $759.00 to $864.00 and gave the company a “buy” rating in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft increased their price objective on KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. UBS Group boosted their price objective on shares of KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. Needham & Company LLC lifted their price target on shares of KLA from $800.00 to $830.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Finally, Barclays lifted their target price on shares of KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $831.68.

KLA Company 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.