Catalina Capital Group LLC Sells 33 Shares of KLA Co. (NASDAQ:KLAC)

Catalina Capital Group LLC decreased its position in shares of KLA Co. (NASDAQ:KLAC) by 7.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 428 shares of the semiconductor company’s stock after selling 33 shares during the period. Catalina Capital Group LLC’s holdings in KLA were worth $270,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KLAC. Algert Global LLC bought a new stake in shares of KLA during the second quarter worth $239,000. Czech National Bank increased its stake in shares of KLA by 6.7% during the third quarter. Czech National Bank now owns 27,383 shares of the semiconductor company’s stock valued at $21,206,000 after buying an additional 1,726 shares during the period. Quent Capital LLC lifted its stake in KLA by 294.3% in the third quarter. Quent Capital LLC now owns 138 shares of the semiconductor company’s stock worth $107,000 after acquiring an additional 103 shares during the period. GAMMA Investing LLC lifted its position in shares of KLA by 28.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,698 shares of the semiconductor company’s stock worth $1,315,000 after purchasing an additional 374 shares during the period. Finally, Diversified Trust Co boosted its position in KLA by 8.5% during the 3rd quarter. Diversified Trust Co now owns 4,327 shares of the semiconductor company’s stock valued at $3,351,000 after acquiring an additional 338 shares in the last quarter. 86.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group lifted their price objective on shares of KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a research report on Friday. Barclays boosted their target price on KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a research note on Friday. Cantor Fitzgerald increased their price target on KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research note on Friday. Oppenheimer upgraded shares of KLA from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $750.00 to $850.00 in a report on Thursday, October 31st. Finally, TD Cowen lowered their target price on shares of KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $831.68.

KLA Stock Performance

Shares of NASDAQ KLAC opened at $740.21 on Tuesday. The company has a market capitalization of $99.01 billion, a PE ratio of 31.13, a price-to-earnings-growth ratio of 1.57 and a beta of 1.28. 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’s fifty day moving average price is $675.96 and its 200 day moving average price is $716.33. KLA Co. has a 1 year low of $595.86 and a 1 year high of $896.32.

KLA (NASDAQ:KLAC) last posted its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (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, research analysts predict that KLA Co. will post 30.8 earnings per share for the current year.

KLA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th were given a $1.70 dividend. The ex-dividend date of this dividend was Monday, November 18th. This is a boost from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.92%. KLA’s payout ratio 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.