MorganRosel Wealth Management LLC bought a new position in KLA Corporation (NASDAQ:KLAC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,316 shares of the semiconductor company’s stock, valued at approximately $769,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Independence Bank of Kentucky acquired a new stake in shares of KLA in the third quarter valued at approximately $31,000. Hanson & Doremus Investment Management increased its stake in shares of KLA by 119.7% in the third quarter. Hanson & Doremus Investment Management now owns 290 shares of the semiconductor company’s stock valued at $46,000 after purchasing an additional 158 shares during the period. CWM LLC increased its stake in shares of KLA by 30.8% in the third quarter. CWM LLC now owns 327 shares of the semiconductor company’s stock valued at $52,000 after purchasing an additional 77 shares during the period. Princeton Global Asset Management LLC acquired a new stake in shares of KLA in the second quarter valued at approximately $48,000. Finally, Reilly Financial Advisors LLC acquired a new stake in shares of KLA in the third quarter valued at approximately $80,000. 88.07% of the stock is currently owned by hedge funds and other institutional investors.

KLAC has been the topic of several analyst reports. Zacks Investment Research upgraded shares of KLA from a “hold” rating to a “buy” rating and set a $184.00 price target on the stock in a research note on Tuesday, October 29th. UBS Group lowered shares of KLA from a “buy” rating to a “sell” rating and lowered their price objective for the company from $192.00 to $140.00 in a research note on Wednesday, November 27th. Cowen raised their price objective on shares of KLA from $170.00 to $195.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Bank of America raised their price objective on shares of KLA from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, September 18th. Finally, JPMorgan Chase & Co. raised their price objective on shares of KLA from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Three analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $172.00.

In related news, insider Ahmad A. Khan sold 4,142 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $176.13, for a total transaction of $729,530.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Brian M. Trafas sold 885 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $174.78, for a total transaction of $154,680.30. The disclosure for this sale can be found here. Insiders have sold 20,053 shares of company stock valued at $3,525,299 over the last 90 days. 0.19% of the stock is currently owned by insiders.

Shares of NASDAQ:KLAC opened at $175.16 on Tuesday. The stock has a market capitalization of $27.30 billion, a price-to-earnings ratio of 20.70, a PEG ratio of 1.48 and a beta of 1.68. KLA Corporation has a 1-year low of $89.93 and a 1-year high of $182.70. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.60 and a current ratio of 2.24. The company has a 50 day moving average price of $171.69 and a 200 day moving average price of $154.36.

KLA (NASDAQ:KLAC) last issued its earnings results on Wednesday, October 30th. The semiconductor company reported $2.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.20 by $0.28. The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.35 billion. KLA had a net margin of 23.03% and a return on equity of 54.53%. The firm’s revenue for the quarter was up 29.3% compared to the same quarter last year. During the same period last year, the firm posted $2.46 earnings per share. On average, sell-side analysts expect that KLA Corporation will post 9.88 EPS for the current fiscal year.

KLA Company Profile

KLA Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the semiconductor fabrication process.

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Institutional Ownership by Quarter for KLA (NASDAQ:KLAC)

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