Copperwynd Financial LLC Sells 84 Shares of KLA Co. (NASDAQ:KLAC)

Copperwynd Financial LLC lessened its stake in KLA Co. (NASDAQ:KLAC) by 5.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,512 shares of the semiconductor company’s stock after selling 84 shares during the period. Copperwynd Financial LLC’s holdings in KLA were worth $953,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of KLAC. Swedbank AB grew its holdings in KLA by 0.4% during the 3rd quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock worth $426,660,000 after acquiring an additional 2,019 shares during the period. Diversify Advisory Services LLC grew its holdings in KLA by 22.7% during the 4th quarter. Diversify Advisory Services LLC now owns 648 shares of the semiconductor company’s stock worth $443,000 after acquiring an additional 120 shares during the period. Daiwa Securities Group Inc. grew its holdings in KLA by 14.1% during the 3rd quarter. Daiwa Securities Group Inc. now owns 33,215 shares of the semiconductor company’s stock worth $25,722,000 after acquiring an additional 4,112 shares during the period. Hennion & Walsh Asset Management Inc. grew its holdings in KLA by 27.6% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 9,778 shares of the semiconductor company’s stock worth $6,161,000 after acquiring an additional 2,112 shares during the period. Finally, Milestone Asset Management LLC acquired a new stake in KLA during the 4th quarter worth $1,563,000. Institutional investors own 86.65% of the company’s stock.

KLA Trading Up 4.6 %

Shares of NASDAQ:KLAC opened at $713.00 on Friday. The company’s 50-day moving average price is $726.81 and its two-hundred day moving average price is $707.13. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63. KLA Co. has a one year low of $609.40 and a one year high of $896.32. The stock has a market capitalization of $94.75 billion, a PE ratio of 29.98, a price-to-earnings-growth ratio of 1.57 and a beta of 1.30.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, topping the consensus estimate 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 forecast that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were given a dividend of $1.70 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $6.80 annualized dividend and a yield of 0.95%. KLA’s dividend payout ratio (DPR) is presently 28.60%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on KLAC. Needham & Company LLC lifted their target price on shares of KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a report on Friday, January 31st. StockNews.com lowered shares of KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Susquehanna boosted 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 boosted their price target on shares of KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of KLA from $725.00 to $850.00 and gave the company a “buy” rating in a report on Friday, January 31st. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $830.67.

KLA Profile

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.