Cypress Capital Group Decreases Stock Holdings in KLA Co. (NASDAQ:KLAC)

Cypress Capital Group lowered its stake in shares of KLA Co. (NASDAQ:KLAC) by 22.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,116 shares of the semiconductor company’s stock after selling 325 shares during the period. Cypress Capital Group’s holdings in KLA were worth $703,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in KLAC. Legacy Investment Solutions LLC purchased a new stake in KLA during the third quarter worth about $29,000. Kohmann Bosshard Financial Services LLC purchased a new stake in KLA during the fourth quarter worth about $32,000. Groupama Asset Managment boosted its holdings in KLA by 82.3% during the third quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock worth $35,000 after buying an additional 2,038 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in KLA during the third quarter worth about $38,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in KLA during the fourth quarter worth about $43,000. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on KLAC shares. Needham & Company LLC upped their price target on shares of KLA from $800.00 to $830.00 and gave the company a “buy” rating in a report on Friday, January 31st. StockNews.com downgraded shares of KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft upped 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. 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. Finally, The Goldman Sachs Group upped their price target on shares of KLA from $759.00 to $864.00 and gave the company a “buy” rating in a report on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $831.68.

KLA Stock Performance

Shares of KLAC stock opened at $715.81 on Thursday. KLA Co. has a one year low of $609.40 and a one year high of $896.32. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36. The company has a 50 day moving average price of $720.01 and a 200 day moving average price of $712.45. The firm has a market capitalization of $95.12 billion, a price-to-earnings ratio of 30.10, a price-to-earnings-growth ratio of 1.57 and a beta of 1.28.

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%. Sell-side analysts anticipate that KLA Co. will post 31.59 EPS for the current year.

KLA Announces Dividend

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

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.