Capital Advisors Ltd. LLC Sells 23 Shares of KLA Co. (NASDAQ:KLAC)

Capital Advisors Ltd. LLC trimmed its position in shares of KLA Co. (NASDAQ:KLAC) by 7.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 282 shares of the semiconductor company’s stock after selling 23 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in KLA were worth $178,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. 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 valued at $426,660,000 after purchasing an additional 2,019 shares during the last quarter. Diversify Advisory Services LLC grew its stake in KLA by 22.7% in 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 in the last quarter. ING Groep NV grew its stake in KLA by 52.4% in the 3rd quarter. ING Groep NV now owns 79,763 shares of the semiconductor company’s stock worth $61,769,000 after acquiring an additional 27,436 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in KLA by 14.1% in 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 in the last quarter. Finally, Greenwich Wealth Management LLC grew its stake in KLA by 260.7% in the 3rd quarter. Greenwich Wealth Management LLC now owns 1,378 shares of the semiconductor company’s stock worth $1,067,000 after acquiring an additional 996 shares in the last quarter. 86.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on KLAC shares. UBS Group upped their target price on shares of KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft upped their target price on shares of KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Morgan Stanley upped their target price on shares of KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a research note on Monday, February 3rd. Barclays upped their target price on shares of KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Finally, StockNews.com downgraded shares of KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, KLA currently has an average rating of “Moderate Buy” and a consensus price target of $831.68.

KLA Trading Down 2.2 %

NASDAQ:KLAC opened at $737.57 on Tuesday. KLA Co. has a 52 week low of $609.40 and a 52 week high of $896.32. The firm has a 50 day moving average of $710.18 and a 200 day moving average of $715.85. 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 $98.01 billion, a price-to-earnings ratio of 31.02, a PEG ratio of 1.57 and a beta of 1.28.

KLA (NASDAQ:KLAC) last posted its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, beating analysts’ consensus estimates of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%. As a group, sell-side analysts anticipate that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Dividend Announcement

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