Atlantic Union Bankshares Corp Lowers Stock Holdings in KLA Co. (NASDAQ:KLAC)

Atlantic Union Bankshares Corp reduced its position in KLA Co. (NASDAQ:KLAC - Free Report) by 2.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 21,194 shares of the semiconductor company's stock after selling 557 shares during the period. Atlantic Union Bankshares Corp's holdings in KLA were worth $13,355,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hutchens & Kramer Investment Management Group LLC raised its stake in KLA by 3.3% during the fourth quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company's stock worth $259,000 after acquiring an additional 13 shares during the period. Richardson Financial Services Inc. raised its stake in KLA by 5.9% during the fourth quarter. Richardson Financial Services Inc. now owns 253 shares of the semiconductor company's stock worth $160,000 after acquiring an additional 14 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its stake in KLA by 6.5% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 246 shares of the semiconductor company's stock worth $155,000 after acquiring an additional 15 shares during the period. Catalyst Financial Partners LLC raised its stake in KLA by 2.0% during the fourth quarter. Catalyst Financial Partners LLC now owns 755 shares of the semiconductor company's stock worth $476,000 after acquiring an additional 15 shares during the period. Finally, Citizens Financial Group Inc. RI raised its stake in KLA by 2.8% during the third quarter. Citizens Financial Group Inc. RI now owns 582 shares of the semiconductor company's stock worth $451,000 after acquiring an additional 16 shares during the period. 86.65% of the stock is owned by hedge funds and other institutional investors.

KLA Stock Up 2.8 %

Shares of NASDAQ:KLAC opened at $711.29 on Friday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36. The company has a market cap of $94.52 billion, a PE ratio of 29.91, a price-to-earnings-growth ratio of 1.57 and a beta of 1.30. KLA Co. has a 52 week low of $609.40 and a 52 week high of $896.32. The firm has a 50 day simple moving average of $722.21 and a 200 day simple moving average of $711.55.

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KLA (NASDAQ:KLAC - Get Free Report) last released its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, research analysts expect that KLA Co. will post 31.59 earnings per share for the current year.

KLA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Monday, February 24th were issued a dividend of $1.70 per share. The ex-dividend date was Monday, February 24th. This represents a $6.80 annualized dividend and a dividend yield of 0.96%. KLA's dividend payout ratio is 28.60%.

Wall Street Analysts Forecast Growth

Several research firms have commented on KLAC. Morgan Stanley upped their target price on shares of KLA from $703.00 to $748.00 and gave the stock an "equal weight" rating in a research report on Monday, February 3rd. StockNews.com cut shares of KLA from a "buy" rating to a "hold" rating in a research report on Wednesday, November 27th. Susquehanna upped their target price on shares of KLA from $620.00 to $655.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 22nd. UBS Group upped their target price on shares of KLA from $665.00 to $780.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 21st. Finally, Needham & Company LLC increased their price objective on shares of KLA from $800.00 to $830.00 and gave the company a "buy" 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 company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.

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