Atria Investments Inc reduced its position in shares of KLA Co. (NASDAQ:KLAC - Free Report) by 30.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,450 shares of the semiconductor company's stock after selling 3,197 shares during the period. Atria Investments Inc's holdings in KLA were worth $4,694,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the company. Swedbank AB raised its stake in KLA by 0.4% in the third quarter. Swedbank AB now owns 550,949 shares of the semiconductor company's stock worth $426,660,000 after buying an additional 2,019 shares in the last quarter. M&G PLC bought a new position in KLA in the third quarter worth about $820,000. Graypoint LLC raised its stake in KLA by 0.7% in the third quarter. Graypoint LLC now owns 2,757 shares of the semiconductor company's stock worth $2,135,000 after buying an additional 20 shares in the last quarter. Principal Financial Group Inc. raised its stake in KLA by 5.4% in the third quarter. Principal Financial Group Inc. now owns 172,389 shares of the semiconductor company's stock worth $133,500,000 after buying an additional 8,830 shares in the last quarter. Finally, Consolidated Planning Corp raised its stake in KLA by 11.3% in the third quarter. Consolidated Planning Corp now owns 2,409 shares of the semiconductor company's stock worth $1,866,000 after buying an additional 244 shares in the last quarter. 86.65% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities analysts recently issued reports on KLAC shares. Barclays increased their price target on shares of KLA from $700.00 to $760.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. The Goldman Sachs Group raised their target price on shares of KLA from $759.00 to $864.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Wells Fargo & Company raised their price target on shares of KLA from $795.00 to $870.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft raised their price target on shares of KLA from $725.00 to $850.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Finally, Susquehanna raised their price target on shares of KLA from $620.00 to $655.00 and gave the company a "neutral" rating in a research report on Wednesday, January 22nd. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $831.68.
Read Our Latest Stock Analysis on KLA
KLA Stock Performance
NASDAQ KLAC traded up $19.16 during mid-day trading on Friday, reaching $711.29. 1,087,883 shares of the stock were exchanged, compared to its average volume of 1,143,586. The business's 50 day moving average is $722.21 and its 200-day moving average is $710.85. KLA Co. has a 1 year low of $609.40 and a 1 year high of $896.32. The company has a market capitalization of $94.52 billion, a P/E ratio of 29.91, a P/E/G ratio of 1.57 and a beta of 1.30. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36.
KLA (NASDAQ:KLAC - Get Free Report) last issued its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, beating 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%. On average, equities research analysts forecast that KLA Co. will post 31.59 EPS for the current fiscal year.
KLA Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th were given a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend was Monday, February 24th. KLA's dividend payout ratio (DPR) is 28.60%.
About KLA
(
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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