KLA Co. (NASDAQ:KLAC) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC decreased its position in shares of KLA Co. (NASDAQ:KLAC - Free Report) by 12.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,574 shares of the semiconductor company's stock after selling 4,439 shares during the quarter. Corient Private Wealth LLC's holdings in KLA were worth $19,897,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Swedbank AB boosted its position in KLA by 0.4% during the third quarter. Swedbank AB now owns 550,949 shares of the semiconductor company's stock valued at $426,660,000 after purchasing an additional 2,019 shares in the last quarter. Diversify Advisory Services LLC boosted its position in KLA by 22.7% during the fourth quarter. Diversify Advisory Services LLC now owns 648 shares of the semiconductor company's stock valued at $443,000 after purchasing an additional 120 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in KLA by 14.1% during the third quarter. Daiwa Securities Group Inc. now owns 33,215 shares of the semiconductor company's stock valued at $25,722,000 after purchasing an additional 4,112 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in KLA by 27.6% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 9,778 shares of the semiconductor company's stock valued at $6,161,000 after purchasing an additional 2,112 shares in the last quarter. Finally, Milestone Asset Management LLC acquired a new stake in KLA in the fourth quarter worth about $1,563,000. Institutional investors own 86.65% of the company's stock.

Remove Ads

KLA Stock Performance

KLAC stock traded down $9.97 during trading on Friday, hitting $706.49. 2,454,762 shares of the company traded hands, compared to its average volume of 952,636. The stock's 50-day simple moving average is $729.52 and its 200 day simple moving average is $703.79. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63. The company has a market cap of $93.88 billion, a PE ratio of 29.71, a P/E/G ratio of 1.57 and a beta of 1.30. KLA Co. has a 1 year low of $609.40 and a 1 year high of $896.32.

KLA (NASDAQ:KLAC - Get Free Report) last issued 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 return on equity of 108.60% and a net margin of 29.58%. On average, equities analysts expect that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Announces Dividend

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

Analysts Set New Price Targets

KLAC has been the subject of several recent analyst reports. Wells Fargo & Company raised 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. Morgan Stanley raised their price target on KLA from $703.00 to $748.00 and gave the stock an "equal weight" rating in a report on Monday, February 3rd. StockNews.com downgraded KLA from a "buy" rating to a "hold" rating in a report on Wednesday, November 27th. UBS Group raised their price target on KLA from $665.00 to $780.00 and gave the stock a "neutral" rating in a report on Tuesday, January 21st. Finally, Susquehanna raised their price target on KLA from $620.00 to $655.00 and gave the stock a "neutral" rating in a report on Wednesday, January 22nd. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $830.67.

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.