KLA Co. (NASDAQ:KLAC) Position Trimmed by Advisor OS LLC

Advisor OS LLC decreased its holdings in KLA Co. (NASDAQ:KLAC) by 22.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,066 shares of the semiconductor company’s stock after selling 301 shares during the quarter. Advisor OS LLC’s holdings in KLA were worth $672,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of KLAC. State Street Corp grew its holdings in shares of KLA by 2.5% in the 3rd quarter. State Street Corp now owns 5,979,293 shares of the semiconductor company’s stock worth $4,630,424,000 after acquiring an additional 145,317 shares during the last quarter. Mizuho Securities USA LLC boosted its position in shares of KLA by 32,828.8% in the 3rd quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock valued at $2,647,708,000 after purchasing an additional 3,408,617 shares during the period. Geode Capital Management LLC increased its stake in KLA by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,221,694 shares of the semiconductor company’s stock worth $2,487,971,000 after purchasing an additional 93,743 shares in the last quarter. Van ECK Associates Corp raised its holdings in KLA by 25.7% during the 3rd quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock worth $1,083,684,000 after buying an additional 286,015 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in KLA by 5.9% during the fourth quarter. Bank of New York Mellon Corp now owns 1,153,043 shares of the semiconductor company’s stock valued at $726,555,000 after buying an additional 64,238 shares in the last quarter. Institutional investors own 86.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KLAC. Stifel Nicolaus lifted their target price on shares of KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Barclays lifted their price objective on shares of KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. 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 research note on Friday, January 31st. TD Cowen decreased their target price on KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. Finally, UBS Group upped their price target on KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, KLA currently has a consensus rating of “Moderate Buy” and an average target price of $831.68.

KLA Stock Performance

Shares of KLAC opened at $738.52 on Thursday. The firm has a market cap of $98.14 billion, a price-to-earnings ratio of 31.06, a price-to-earnings-growth ratio of 1.57 and a beta of 1.28. The company’s fifty day moving average is $713.74 and its 200-day moving average is $715.86. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64. KLA Co. has a 12 month low of $609.40 and a 12 month high of $896.32.

KLA (NASDAQ:KLAC) last posted its 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%. Equities analysts expect that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Monday, February 24th will be paid a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend is Monday, February 24th. KLA’s payout ratio is 28.60%.

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.