KLA Co. (NASDAQ:KLAC) Stock Holdings Lowered by Advisory Services Network LLC

Advisory Services Network LLC decreased its position in shares of KLA Co. (NASDAQ:KLAC - Free Report) by 22.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 12,903 shares of the semiconductor company's stock after selling 3,630 shares during the period. Advisory Services Network LLC's holdings in KLA were worth $8,130,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Norges Bank acquired a new position in KLA in the fourth quarter valued at $1,175,756,000. Parnassus Investments LLC increased its position in KLA by 381.3% during the 4th quarter. Parnassus Investments LLC now owns 733,328 shares of the semiconductor company's stock worth $462,085,000 after purchasing an additional 580,967 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in KLA by 114,444.5% in the fourth quarter. Proficio Capital Partners LLC now owns 342,488 shares of the semiconductor company's stock valued at $215,809,000 after buying an additional 342,189 shares during the period. Pictet Asset Management Holding SA lifted its position in KLA by 25.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,455,161 shares of the semiconductor company's stock valued at $916,926,000 after buying an additional 292,907 shares in the last quarter. Finally, National Bank of Canada FI grew its stake in KLA by 172.2% during the fourth quarter. National Bank of Canada FI now owns 357,305 shares of the semiconductor company's stock worth $225,145,000 after buying an additional 226,041 shares during the period. Hedge funds and other institutional investors own 86.65% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research firms recently weighed in on KLAC. 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. Deutsche Bank Aktiengesellschaft upped their target price on KLA from $725.00 to $850.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Oppenheimer dropped their target price on KLA from $850.00 to $700.00 and set an "outperform" rating on the stock in a report on Friday. Susquehanna increased their price objective on shares of KLA from $620.00 to $655.00 and gave the company a "neutral" rating in a research report on Wednesday, January 22nd. Finally, The Goldman Sachs Group boosted their target price on shares of KLA from $759.00 to $864.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $818.28.

Insider Buying and Selling at KLA

In other news, CFO Bren D. Higgins sold 7,008 shares of KLA stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $724.62, for a total transaction of $5,078,136.96. Following the transaction, the chief financial officer now directly owns 28,798 shares in the company, valued at approximately $20,867,606.76. This trade represents a 19.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.12% of the stock is owned by corporate insiders.

KLA Stock Performance

KLAC stock traded down $4.08 during mid-day trading on Monday, reaching $666.14. The company had a trading volume of 266,516 shares, compared to its average volume of 1,050,919. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64. KLA Co. has a one year low of $551.33 and a one year high of $896.32. The stock's 50-day simple moving average is $705.57 and its two-hundred day simple moving average is $693.97. The stock has a market capitalization of $88.52 billion, a P/E ratio of 28.01, a P/E/G ratio of 1.57 and a beta of 1.37.

KLA (NASDAQ:KLAC - Get Free Report) last posted its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, topping 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%. Research analysts anticipate that KLA Co. will post 31.59 EPS for the current year.

KLA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Monday, February 24th were issued a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 1.02%. The ex-dividend date was Monday, February 24th. KLA's payout ratio is currently 28.60%.

KLA 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.