Mezzasalma Advisors LLC Has $526,000 Stock Holdings in KLA Co. (NASDAQ:KLAC)

Mezzasalma Advisors LLC lessened its stake in shares of KLA Co. (NASDAQ:KLAC) by 28.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 835 shares of the semiconductor company’s stock after selling 331 shares during the period. Mezzasalma Advisors LLC’s holdings in KLA were worth $526,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. TFG Advisers LLC raised its stake in KLA by 4.6% during the 4th quarter. TFG Advisers LLC now owns 2,197 shares of the semiconductor company’s stock worth $1,384,000 after buying an additional 96 shares during the period. MWA Asset Management increased its holdings in shares of KLA by 3.7% during the fourth quarter. MWA Asset Management now owns 667 shares of the semiconductor company’s stock valued at $420,000 after acquiring an additional 24 shares in the last quarter. Vest Financial LLC raised its position in shares of KLA by 43.7% during the fourth quarter. Vest Financial LLC now owns 52,269 shares of the semiconductor company’s stock worth $32,936,000 after purchasing an additional 15,899 shares during the period. Conning Inc. lifted its holdings in shares of KLA by 13.5% in the 4th quarter. Conning Inc. now owns 8,018 shares of the semiconductor company’s stock worth $5,052,000 after purchasing an additional 954 shares in the last quarter. Finally, Joel Isaacson & Co. LLC grew its position in KLA by 19.5% in the 4th quarter. Joel Isaacson & Co. LLC now owns 624 shares of the semiconductor company’s stock valued at $393,000 after purchasing an additional 102 shares during the period. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. UBS Group upped their price objective on shares of KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft raised their price target on shares of KLA from $725.00 to $850.00 and gave the company a “buy” rating in a research report on Friday, January 31st. The Goldman Sachs Group boosted their price objective on KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Stifel Nicolaus raised their target price on KLA from $800.00 to $825.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, Wells Fargo & Company upped their price target 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $831.68.

KLA Stock Down 1.9 %

KLA stock opened at $747.70 on Friday. KLA Co. has a twelve month low of $608.16 and a twelve month high of $896.32. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64. The firm has a 50 day moving average price of $685.36 and a 200-day moving average price of $716.53. The company has a market capitalization of $100.01 billion, a P/E ratio of 31.44, a P/E/G ratio of 1.57 and a beta of 1.28.

KLA (NASDAQ:KLAC) last released its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, beating the consensus estimate of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%. As a group, equities analysts predict that KLA Co. will post 30.8 EPS for the current year.

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.