Los Angeles Capital Management LLC Sells 17,580 Shares of KLA Co. (NASDAQ:KLAC)

Los Angeles Capital Management LLC trimmed its position in shares of KLA Co. (NASDAQ:KLAC) by 11.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 131,260 shares of the semiconductor company’s stock after selling 17,580 shares during the quarter. Los Angeles Capital Management LLC’s holdings in KLA were worth $82,710,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of KLAC. Mizuho Securities USA LLC boosted its position in KLA by 32,828.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock valued at $2,647,708,000 after acquiring an additional 3,408,617 shares in the last quarter. Van ECK Associates Corp boosted its position in KLA by 25.7% during the 3rd quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock valued at $1,083,684,000 after acquiring an additional 286,015 shares in the last quarter. Two Sigma Advisers LP boosted its position in shares of KLA by 10,766.7% in the 3rd quarter. Two Sigma Advisers LP now owns 228,200 shares of the semiconductor company’s stock worth $176,720,000 after purchasing an additional 226,100 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of KLA by 84.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 441,053 shares of the semiconductor company’s stock worth $277,916,000 after purchasing an additional 201,649 shares in the last quarter. Finally, World Investment Advisors LLC bought a new stake in shares of KLA in the 3rd quarter worth approximately $128,482,000. 86.65% of the stock is owned by institutional investors.

KLA Trading Down 2.2 %

Shares of KLA stock opened at $737.57 on Tuesday. The company has a market capitalization of $98.01 billion, a P/E ratio of 31.02, a P/E/G 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 has a fifty day moving average of $710.18 and a 200 day moving average of $715.85. KLA Co. has a fifty-two week low of $609.40 and a fifty-two week high of $896.32.

KLA (NASDAQ:KLAC) last released its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, beating 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, sell-side analysts anticipate that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th will be issued a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Monday, February 24th. KLA’s dividend payout ratio (DPR) is presently 28.60%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. TD Cowen dropped their price target on KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. Wells Fargo & Company upped their price objective on KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Stifel Nicolaus upped their price objective on KLA from $800.00 to $825.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Barclays upped their price objective on KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Finally, 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. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $831.68.

KLA Company 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.