Blue Trust Inc. trimmed its position in KLA Co. (NASDAQ:KLAC - Free Report) by 58.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 864 shares of the semiconductor company's stock after selling 1,234 shares during the quarter. Blue Trust Inc.'s holdings in KLA were worth $544,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Legacy Investment Solutions LLC bought a new position in KLA during the 3rd quarter worth $29,000. Capital Performance Advisors LLP bought a new position in KLA during the 3rd quarter worth $38,000. FSA Wealth Management LLC bought a new position in KLA during the 3rd quarter worth $53,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in KLA during the 4th quarter worth $43,000. Finally, Peterson Financial Group Inc. bought a new position in KLA during the 3rd quarter worth $56,000. 86.65% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of research analysts recently commented on the company. Barclays upped their price objective on KLA from $700.00 to $760.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. Wells Fargo & Company boosted their price target on KLA from $795.00 to $870.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Morgan Stanley boosted their price target on KLA from $703.00 to $748.00 and gave the stock an "equal weight" rating in a research report on Monday, February 3rd. Susquehanna boosted their price target on KLA from $620.00 to $655.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 22nd. Finally, TD Cowen reduced their price target on KLA from $760.00 to $725.00 and set a "hold" rating for the company in a research report on Thursday, October 31st. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, KLA presently has an average rating of "Moderate Buy" and a consensus price target of $831.68.
View Our Latest Stock Analysis on KLAC
KLA Trading Down 3.0 %
Shares of NASDAQ KLAC traded down $23.33 during mid-day trading on Friday, hitting $754.30. 872,421 shares of the company traded hands, compared to its average volume of 1,138,136. KLA Co. has a 1 year low of $609.40 and a 1 year high of $896.32. The stock has a market capitalization of $100.24 billion, a price-to-earnings ratio of 31.72, a PEG ratio of 1.57 and a beta of 1.28. 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 business has a 50 day moving average of $706.54 and a two-hundred day moving average of $715.48.
KLA (NASDAQ:KLAC - Get Free Report) last announced its earnings results 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 return on equity of 108.60% and a net margin of 29.58%. On average, sell-side analysts anticipate that KLA Co. will post 31.59 earnings per share for the current fiscal year.
KLA Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th will be issued a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Monday, February 24th. KLA's dividend payout ratio is 28.60%.
KLA Company Profile
(
Free Report)
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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