Rockefeller Capital Management L.P. Lowers Holdings in KLA Co. (NASDAQ:KLAC)

Rockefeller Capital Management L.P. reduced its position in shares of KLA Co. (NASDAQ:KLAC - Free Report) by 12.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,448 shares of the semiconductor company's stock after selling 6,124 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in KLA were worth $27,386,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Hutchens & Kramer Investment Management Group LLC increased its stake in KLA by 3.3% during the 4th quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company's stock worth $259,000 after buying an additional 13 shares in the last quarter. Richardson Financial Services Inc. boosted its stake in shares of KLA by 5.9% in the fourth quarter. Richardson Financial Services Inc. now owns 253 shares of the semiconductor company's stock worth $160,000 after acquiring an additional 14 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of KLA by 6.5% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 246 shares of the semiconductor company's stock worth $155,000 after buying an additional 15 shares in the last quarter. Catalyst Financial Partners LLC raised its holdings in KLA by 2.0% in the 4th quarter. Catalyst Financial Partners LLC now owns 755 shares of the semiconductor company's stock valued at $476,000 after acquiring an additional 15 shares during the last quarter. Finally, TFB Advisors LLC lifted its stake in KLA by 3.4% in the 4th quarter. TFB Advisors LLC now owns 489 shares of the semiconductor company's stock worth $308,000 after purchasing an additional 16 shares in the last quarter. 86.65% of the stock is currently owned by institutional investors and hedge funds.

KLA Stock Down 1.2 %

KLAC traded down $7.76 on Friday, hitting $634.43. 1,224,102 shares of the company were exchanged, compared to its average volume of 1,057,816. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. The company has a market cap of $84.31 billion, a price-to-earnings ratio of 26.68, a price-to-earnings-growth ratio of 1.57 and a beta of 1.37. The firm has a 50-day moving average price of $697.62 and a two-hundred day moving average price of $691.75. KLA Co. has a twelve month low of $551.33 and a twelve month high of $896.32.

KLA (NASDAQ:KLAC - Get Free Report) last released 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 net margin of 29.58% and a return on equity of 108.60%. On average, equities analysts predict that KLA Co. will post 31.59 earnings per share for the current year.

KLA Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus dropped their price target on KLA from $825.00 to $750.00 and set a "buy" rating for the company in a research report on Tuesday. UBS Group upped their target price on KLA from $665.00 to $780.00 and gave the company a "neutral" rating in a report on Tuesday, January 21st. Susquehanna boosted 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. Oppenheimer cut their price objective on shares of KLA from $850.00 to $700.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Finally, Needham & Company LLC boosted their target price on shares of KLA from $800.00 to $830.00 and gave the company a "buy" rating in a report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $814.11.

Insider Buying and Selling at KLA

In other news, CFO Bren D. Higgins sold 7,008 shares of the business's stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $724.62, for a total transaction of $5,078,136.96. Following the sale, the chief financial officer now owns 28,798 shares of the company's stock, valued at $20,867,606.76. The trade was a 19.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.12% of the stock is owned by insiders.

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.