Wilmington Savings Fund Society FSB Cuts Holdings in KLA Co. (NASDAQ:KLAC)

Wilmington Savings Fund Society FSB lessened its stake in shares of KLA Co. (NASDAQ:KLAC - Free Report) by 24.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,614 shares of the semiconductor company's stock after selling 5,914 shares during the period. Wilmington Savings Fund Society FSB's holdings in KLA were worth $14,415,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. CVA Family Office LLC boosted its holdings in shares of KLA by 3.7% during the 3rd quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company's stock valued at $283,000 after purchasing an additional 13 shares during the last quarter. TIAA Trust National Association raised its position in shares of KLA by 0.4% during the 2nd quarter. TIAA Trust National Association now owns 3,249 shares of the semiconductor company's stock valued at $2,679,000 after buying an additional 14 shares in the last quarter. Ameritas Advisory Services LLC raised its position in shares of KLA by 1.2% during the 2nd quarter. Ameritas Advisory Services LLC now owns 1,280 shares of the semiconductor company's stock valued at $1,055,000 after buying an additional 15 shares in the last quarter. Greystone Financial Group LLC lifted its holdings in shares of KLA by 1.3% in the 2nd quarter. Greystone Financial Group LLC now owns 1,188 shares of the semiconductor company's stock valued at $980,000 after acquiring an additional 15 shares during the last quarter. Finally, Marcum Wealth LLC lifted its holdings in shares of KLA by 4.1% in the 3rd quarter. Marcum Wealth LLC now owns 384 shares of the semiconductor company's stock valued at $297,000 after acquiring an additional 15 shares during the last quarter. Institutional investors own 86.65% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on KLAC shares. Citigroup lowered their price target on shares of KLA from $960.00 to $900.00 and set a "buy" rating for the company in a report on Monday, September 16th. Needham & Company LLC reaffirmed a "hold" rating on shares of KLA in a report on Thursday, October 31st. TD Cowen lowered their price target on shares of KLA from $760.00 to $725.00 and set a "hold" rating for the company in a report on Thursday, October 31st. Oppenheimer raised shares of KLA from a "market perform" rating to an "outperform" rating and increased their price target for the company from $750.00 to $850.00 in a report on Thursday, October 31st. Finally, Barclays lowered their price target on shares of KLA from $800.00 to $750.00 and set an "equal weight" rating for the company in a report on Thursday, October 31st. Eight research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, KLA currently has a consensus rating of "Moderate Buy" and an average target price of $812.30.

KLA Trading Down 0.3 %

Shares of KLA stock traded down $2.24 on Thursday, hitting $646.60. 697,158 shares of the company traded hands, compared to its average volume of 976,591. The stock's 50 day moving average price is $680.06 and its 200-day moving average price is $751.66. 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 52 week low of $542.41 and a 52 week high of $896.32. The company has a market cap of $86.49 billion, a PE ratio of 29.54, a PEG ratio of 1.38 and a beta of 1.28.

KLA (NASDAQ:KLAC - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share for the quarter, beating the consensus estimate of $7.03 by $0.30. KLA had a net margin of 28.92% and a return on equity of 105.16%. The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.75 billion. During the same quarter in the previous year, the firm posted $5.74 earnings per share. The company's revenue was up 18.5% on a year-over-year basis. Equities research analysts predict that KLA Co. will post 30.61 EPS 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 issued a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a yield of 1.05%. This is a positive change from KLA's previous quarterly dividend of $1.45. The ex-dividend date was Monday, November 18th. KLA's dividend payout ratio (DPR) is presently 31.05%.

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.