TD Private Client Wealth LLC trimmed its holdings in KLA Co. (NASDAQ:KLAC - Free Report) by 14.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,970 shares of the semiconductor company's stock after selling 510 shares during the period. TD Private Client Wealth LLC's holdings in KLA were worth $1,871,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KLAC. Legacy Investment Solutions LLC acquired a new stake in shares of KLA during the third quarter worth $29,000. Tortoise Investment Management LLC boosted its position in shares of KLA by 300.0% during the fourth quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company's stock worth $30,000 after buying an additional 36 shares during the period. TCTC Holdings LLC bought a new position in shares of KLA during the fourth quarter worth about $31,000. Kohmann Bosshard Financial Services LLC acquired a new stake in KLA in the 4th quarter valued at approximately $32,000. Finally, Fairfield Financial Advisors LTD lifted its stake in KLA by 160.0% in the 4th quarter. Fairfield Financial Advisors LTD now owns 65 shares of the semiconductor company's stock valued at $41,000 after acquiring an additional 40 shares in the last quarter. 86.65% of the stock is owned by institutional investors and hedge funds.
KLA Price Performance
Shares of NASDAQ KLAC traded down $5.54 during midday trading on Thursday, reaching $700.00. The company's stock had a trading volume of 732,978 shares, compared to its average volume of 952,253. The business's 50 day moving average price is $730.46 and its two-hundred day moving average price is $703.39. The company has a market cap of $93.02 billion, a P/E ratio of 29.44, 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 Co. has a fifty-two week low of $609.40 and a fifty-two week high of $896.32.
KLA (NASDAQ:KLAC - Get Free Report) last issued its quarterly 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, analysts forecast that KLA Co. will post 31.59 EPS for the current fiscal year.
KLA Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th were paid a $1.70 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.97%. KLA's payout ratio is currently 28.60%.
Insiders Place Their Bets
In related news, CFO Bren D. Higgins sold 7,008 shares of the firm's stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $724.62, for a total value of $5,078,136.96. Following the completion of the transaction, the chief financial officer now owns 28,798 shares in the company, valued at $20,867,606.76. This trade represents a 19.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.12% of the company's stock.
Wall Street Analysts Forecast Growth
KLAC has been the topic of several analyst reports. The Goldman Sachs Group boosted their price target on shares of KLA from $759.00 to $864.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Cantor Fitzgerald boosted their price objective on shares of KLA from $800.00 to $875.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft raised their target price on shares of KLA from $725.00 to $850.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Barclays boosted their price target on KLA from $700.00 to $760.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. Finally, StockNews.com cut KLA from a "buy" rating to a "hold" rating in a research report on Wednesday, November 27th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $830.67.
View Our Latest Research Report on KLAC
KLA Company Profile
(
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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