First Financial Bankshares Inc Sells 168 Shares of KLA Co. (NASDAQ:KLAC)

First Financial Bankshares Inc lowered its holdings in shares of KLA Co. (NASDAQ:KLAC) by 6.2% during the 4th quarter, HoldingsChannel reports. The fund owned 2,562 shares of the semiconductor company’s stock after selling 168 shares during the period. First Financial Bankshares Inc’s holdings in KLA were worth $1,614,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of KLAC. Legacy Investment Solutions LLC bought a new stake in KLA in the third quarter worth $29,000. Tortoise Investment Management LLC increased its holdings 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 valued at $30,000 after acquiring an additional 36 shares in the last quarter. TCTC Holdings LLC purchased a new position in shares of KLA in the 4th quarter worth about $31,000. Kohmann Bosshard Financial Services LLC bought a new position in KLA in the 4th quarter worth about $32,000. Finally, Groupama Asset Managment grew its position in KLA by 82.3% during the 3rd quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 2,038 shares during the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Price Performance

Shares of NASDAQ:KLAC opened at $710.00 on Wednesday. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $94.35 billion, a PE ratio of 29.86, a price-to-earnings-growth ratio of 1.57 and a beta of 1.30. The firm’s 50 day moving average price is $727.78 and its 200-day moving average price is $704.39. KLA Co. has a twelve month low of $609.40 and a twelve month high of $896.32.

KLA (NASDAQ:KLAC) last released its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share 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 research analysts expect that KLA Co. will post 31.59 EPS for the current year.

KLA Dividend Announcement

The business also recently announced 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. The ex-dividend date was Monday, February 24th. This represents a $6.80 annualized dividend and a yield of 0.96%. KLA’s dividend payout ratio (DPR) is presently 28.60%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Susquehanna lifted their target price on shares of KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Wells Fargo & Company boosted their price objective on shares of KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. The Goldman Sachs Group upped their price objective on KLA from $759.00 to $864.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Stifel Nicolaus lifted their target price on KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, Barclays boosted their price target on KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, KLA has a consensus rating of “Moderate Buy” and a consensus target price 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.