Hanlon Investment Management Inc. Has $221,000 Stock Position in KLA Co. (NASDAQ:KLAC)

Hanlon Investment Management Inc. lessened its position in KLA Co. (NASDAQ:KLAC - Free Report) by 80.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 351 shares of the semiconductor company's stock after selling 1,412 shares during the period. Hanlon Investment Management Inc.'s holdings in KLA were worth $221,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Tortoise Investment Management LLC lifted its position in shares of KLA by 300.0% during the 4th quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company's stock valued at $30,000 after acquiring an additional 36 shares during the last quarter. TCTC Holdings LLC purchased a new stake in shares of KLA during the fourth quarter valued at $31,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of KLA in the 4th quarter valued at $32,000. Fairfield Financial Advisors LTD increased its stake in KLA by 160.0% in the 4th quarter. Fairfield Financial Advisors LTD now owns 65 shares of the semiconductor company's stock worth $41,000 after purchasing an additional 40 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in KLA during the 4th quarter worth about $43,000. Institutional investors and hedge funds own 86.65% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on KLAC shares. The Goldman Sachs Group raised their target price on shares of KLA from $759.00 to $864.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Citigroup lowered their price objective on shares of KLA from $910.00 to $800.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Susquehanna lifted their target price on KLA from $620.00 to $655.00 and gave the company a "neutral" rating in a research note on Wednesday, January 22nd. Needham & Company LLC boosted their price target on shares of KLA from $800.00 to $830.00 and gave the company a "buy" rating in a report on Friday, January 31st. Finally, Jefferies Financial Group reiterated a "hold" rating and set a $725.00 price target (down from $875.00) on shares of KLA in a report on Friday, March 28th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $814.11.

KLA Stock Performance

Shares of NASDAQ KLAC traded down $7.76 during mid-day trading on Friday, hitting $634.43. The company had a trading volume of 1,224,102 shares, compared to its average volume of 1,057,816. KLA Co. has a 12 month low of $551.33 and a 12 month high of $896.32. The firm has a market cap of $84.31 billion, a P/E ratio of 26.68, a PEG ratio of 1.57 and a beta of 1.37. The business's 50-day simple moving average is $697.62 and its 200-day simple moving average is $691.75. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63.

KLA (NASDAQ:KLAC - Get Free Report) last announced its quarterly 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%. As a group, analysts predict that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Monday, February 24th were issued a $1.70 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 1.07%. KLA's dividend payout ratio is 28.60%.

Insider Buying and Selling

In other news, CFO Bren D. Higgins sold 7,008 shares of the company's stock in a transaction that occurred on Tuesday, March 25th. The shares were 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 represents a 19.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.12% of the stock is owned by corporate insiders.

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.