LM Advisors LLC lessened its holdings in shares of KLA Co. (NASDAQ:KLAC - Free Report) by 50.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 480 shares of the semiconductor company's stock after selling 481 shares during the quarter. LM Advisors LLC's holdings in KLA were worth $302,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of KLAC. Legacy Investment Solutions LLC bought a new stake in KLA in the 3rd quarter worth approximately $29,000. Tortoise Investment Management LLC grew its holdings 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 purchasing an additional 36 shares during the last quarter. TCTC Holdings LLC purchased a new position in KLA in the 4th quarter worth $31,000. Kohmann Bosshard Financial Services LLC bought a new stake in KLA in the fourth quarter worth $32,000. Finally, Groupama Asset Managment boosted its position in KLA by 82.3% during the third quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company's stock valued at $35,000 after buying an additional 2,038 shares during the period. Hedge funds and other institutional investors own 86.65% of the company's stock.
KLA Stock Up 0.0 %
NASDAQ KLAC traded up $0.16 during mid-day trading on Tuesday, reaching $679.96. The stock had a trading volume of 159,075 shares, compared to its average volume of 1,005,092. The stock has a market cap of $90.36 billion, a PE ratio of 28.55, a price-to-earnings-growth 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. 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 fifty day moving average price of $726.28 and a 200 day moving average price of $702.34.
KLA (NASDAQ:KLAC - Get Free Report) last issued its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, topping analysts' consensus estimates of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. On average, research analysts expect that KLA Co. will post 31.59 earnings per share for the current year.
KLA Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were given a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend was Monday, February 24th. KLA's dividend payout ratio (DPR) is presently 28.60%.
Analysts Set New Price Targets
A number of equities analysts have commented on KLAC shares. The Goldman Sachs Group lifted their price target on KLA from $759.00 to $864.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Susquehanna upped their price target on shares of KLA from $620.00 to $655.00 and gave the company a "neutral" rating in a report on Wednesday, January 22nd. UBS Group raised their price target on shares of KLA from $665.00 to $780.00 and gave the stock a "neutral" rating in a report on Tuesday, January 21st. Wells Fargo & Company upped their price objective on shares of KLA from $795.00 to $870.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Finally, Needham & Company LLC raised their target price on KLA from $800.00 to $830.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, KLA currently has an average rating of "Moderate Buy" and an average price target of $832.17.
View Our Latest Report on KLAC
Insider Buying and Selling at KLA
In other KLA news, CFO Bren D. Higgins sold 7,008 shares of the firm's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $724.62, for a total value of $5,078,136.96. Following the transaction, the chief financial officer now directly owns 28,798 shares of the company's stock, valued at approximately $20,867,606.76. This trade represents a 19.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.12% of the company's stock.
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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