International Assets Investment Management LLC Has $265,000 Stock Holdings in KLA Co. (NASDAQ:KLAC)

International Assets Investment Management LLC decreased its holdings in shares of KLA Co. (NASDAQ:KLAC - Free Report) by 99.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 417 shares of the semiconductor company's stock after selling 301,965 shares during the period. International Assets Investment Management LLC's holdings in KLA were worth $265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Range Financial Group LLC lifted its position in KLA by 20.0% in the fourth quarter. Range Financial Group LLC now owns 660 shares of the semiconductor company's stock valued at $416,000 after buying an additional 110 shares during the last quarter. Fortem Financial Group LLC raised its holdings in KLA by 2.1% in the fourth quarter. Fortem Financial Group LLC now owns 5,839 shares of the semiconductor company's stock valued at $3,679,000 after acquiring an additional 119 shares in the last quarter. Insight Wealth Strategies LLC lifted its position in shares of KLA by 5.5% during the 4th quarter. Insight Wealth Strategies LLC now owns 5,745 shares of the semiconductor company's stock worth $3,620,000 after purchasing an additional 297 shares during the last quarter. Pensionfund Sabic boosted its position in shares of KLA by 36.4% during the 4th quarter. Pensionfund Sabic now owns 3,000 shares of the semiconductor company's stock worth $1,890,000 after acquiring an additional 800 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in KLA by 3.5% during the fourth quarter. GAMMA Investing LLC now owns 1,758 shares of the semiconductor company's stock worth $1,108,000 after purchasing an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 86.65% of the company's stock.

KLA Price Performance

KLAC traded down $2.05 on Monday, reaching $681.01. The company had a trading volume of 168,256 shares, compared to its average volume of 1,029,416. The company has a market capitalization of $91.09 billion, a P/E ratio of 31.10, a PEG ratio of 1.39 and a beta of 1.27. The company has a current ratio of 2.13, a quick ratio of 1.48 and a debt-to-equity ratio of 1.65. KLA Co. has a one year low of $552.85 and a one year high of $896.32. The company has a fifty day moving average of $650.27 and a 200-day moving average of $728.30.

KLA (NASDAQ:KLAC - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, beating analysts' consensus estimates of $7.03 by $0.30. KLA had a return on equity of 105.16% and a net margin of 28.92%. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.75 billion. During the same quarter in the prior year, the firm earned $5.74 EPS. The company's quarterly revenue was up 18.5% compared to the same quarter last year. As a group, equities research analysts anticipate that KLA Co. will post 30.61 earnings per share for the current year.

KLA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were given a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend was Monday, November 18th. This is a positive change from KLA's previous quarterly dividend of $1.45. KLA's dividend payout ratio (DPR) is presently 31.05%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on KLAC. Oppenheimer raised KLA from a "market perform" rating to an "outperform" rating and upped their target price for the company from $750.00 to $850.00 in a research report on Thursday, October 31st. TD Cowen reduced their price target on shares of KLA from $760.00 to $725.00 and set a "hold" rating for the company in a research report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of KLA from $890.00 to $750.00 and set a "buy" rating on the stock in a research report on Thursday, October 31st. Morgan Stanley decreased their target price on shares of KLA from $746.00 to $703.00 and set an "equal weight" rating for the company in a research note on Thursday, December 5th. Finally, Barclays reduced their price objective on KLA from $800.00 to $750.00 and set an "equal weight" rating for the company in a research note on Thursday, October 31st. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $809.10.

About KLA

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.