LM Advisors LLC Has $302,000 Holdings in KLA Co. (NASDAQ:KLAC)

LM Advisors LLC trimmed its position in shares of KLA Co. (NASDAQ:KLAC) by 50.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 480 shares of the semiconductor company’s stock after selling 481 shares during the period. LM Advisors LLC’s holdings in KLA were worth $302,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new position in shares of KLA during the 3rd quarter worth about $29,000. Tortoise Investment Management LLC grew its holdings in KLA by 300.0% during the fourth quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 36 shares during the period. TCTC Holdings LLC acquired a new position in KLA during the fourth quarter worth approximately $31,000. Kohmann Bosshard Financial Services LLC bought a new stake in KLA in the fourth quarter valued at approximately $32,000. Finally, Fairfield Financial Advisors LTD lifted its position in shares of KLA by 160.0% in the fourth quarter. Fairfield Financial Advisors LTD now owns 65 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 40 shares during the last quarter. 86.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft increased their price target on KLA from $725.00 to $850.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Needham & Company LLC increased their price objective on shares of KLA from $800.00 to $830.00 and gave the company a “buy” rating in a research report on Friday, January 31st. The Goldman Sachs Group lifted their target price on shares of KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Wells Fargo & Company increased their price target on shares of KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, Stifel Nicolaus boosted their price objective on KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $830.67.

KLA Trading Down 0.8 %

KLAC opened at $700.00 on Friday. The stock has a market capitalization of $93.02 billion, a price-to-earnings ratio of 29.44, a P/E/G ratio of 1.57 and a beta of 1.30. 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 twelve month low of $609.40 and a twelve month high of $896.32. The company has a 50-day simple moving average of $729.51 and a 200 day simple moving average of $703.36.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, topping 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%. Analysts predict that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th were paid a $1.70 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $6.80 annualized dividend and a dividend yield of 0.97%. KLA’s payout ratio is 28.60%.

Insider Transactions at KLA

In other KLA news, CFO Bren D. Higgins sold 7,008 shares of KLA stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $724.62, for a total value of $5,078,136.96. Following the transaction, the chief financial officer now owns 28,798 shares in the company, valued at $20,867,606.76. The trade was a 19.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.12% of the stock is owned by insiders.

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.