SYM FINANCIAL Corp Has $334,000 Stock Position in KLA Co. (NASDAQ:KLAC)

SYM FINANCIAL Corp lowered its position in shares of KLA Co. (NASDAQ:KLAC) by 23.6% during the fourth quarter, Holdings Channel reports. The fund owned 531 shares of the semiconductor company’s stock after selling 164 shares during the quarter. SYM FINANCIAL Corp’s holdings in KLA were worth $334,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in KLAC. CVA Family Office LLC raised its stake in KLA by 3.7% during the 3rd quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company’s stock valued at $283,000 after purchasing an additional 13 shares during the period. Hutchens & Kramer Investment Management Group LLC grew its holdings in shares of KLA by 3.3% during the fourth quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company’s stock valued at $259,000 after buying an additional 13 shares in the last quarter. Marcum Wealth LLC lifted its stake in KLA by 4.1% in the 3rd quarter. Marcum Wealth LLC now owns 384 shares of the semiconductor company’s stock worth $297,000 after acquiring an additional 15 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in KLA by 1.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,433 shares of the semiconductor company’s stock worth $1,110,000 after acquiring an additional 16 shares during the period. Finally, Ascent Wealth Partners LLC grew its stake in KLA by 0.4% during the 3rd quarter. Ascent Wealth Partners LLC now owns 4,466 shares of the semiconductor company’s stock valued at $3,459,000 after acquiring an additional 16 shares in the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Stock Performance

KLAC opened at $738.24 on Monday. The stock has a market cap of $98.75 billion, a PE ratio of 33.71, a P/E/G ratio of 1.54 and a beta of 1.27. KLA Co. has a 1 year low of $581.70 and a 1 year high of $896.32. The stock’s 50 day simple moving average is $675.96 and its 200-day simple moving average is $716.79. The company has a current ratio of 2.13, a quick ratio of 1.48 and a debt-to-equity ratio of 1.65.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.73 by $0.47. KLA had a net margin of 28.92% and a return on equity of 105.16%. Sell-side analysts forecast that KLA Co. will post 30.34 EPS for the current year.

KLA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th were issued a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 0.92%. This is an increase from KLA’s previous quarterly dividend of $1.45. The ex-dividend date was Monday, November 18th. KLA’s payout ratio is presently 31.05%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on KLAC. Barclays increased their price target on shares of KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a research report on Friday. TD Cowen cut their target price on shares of KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. StockNews.com cut shares of KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft lifted their price objective on KLA from $725.00 to $850.00 and gave the company a “buy” rating in a research report on Friday. Finally, Oppenheimer raised KLA from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $750.00 to $850.00 in a research report on Thursday, October 31st. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $829.32.

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.