PFG Investments LLC Sells 169 Shares of KLA Co. (NASDAQ:KLAC)

PFG Investments LLC lowered its position in KLA Co. (NASDAQ:KLACFree Report) by 16.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 871 shares of the semiconductor company’s stock after selling 169 shares during the quarter. PFG Investments LLC’s holdings in KLA were worth $549,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Strategic Investment Advisors MI raised its holdings in shares of KLA by 2.0% in the fourth quarter. Strategic Investment Advisors MI now owns 3,078 shares of the semiconductor company’s stock valued at $1,939,000 after acquiring an additional 61 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd bought a new stake in shares of KLA in the 4th quarter valued at about $479,000. 1834 Investment Advisors Co. lifted its position in shares of KLA by 5.5% in the 4th quarter. 1834 Investment Advisors Co. now owns 1,557 shares of the semiconductor company’s stock worth $981,000 after purchasing an additional 81 shares during the period. First Citizens Bank & Trust Co. boosted its stake in shares of KLA by 9.2% during the fourth quarter. First Citizens Bank & Trust Co. now owns 464 shares of the semiconductor company’s stock valued at $292,000 after purchasing an additional 39 shares in the last quarter. Finally, TTP Investments Inc. purchased a new position in KLA during the fourth quarter valued at approximately $352,000. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KLAC has been the topic of several recent research reports. Oppenheimer raised KLA from a “market perform” rating to an “outperform” rating and increased their target price for the company from $750.00 to $850.00 in a research report on Thursday, October 31st. Susquehanna raised their price objective on KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Needham & Company LLC upgraded shares of KLA from a “hold” rating to a “buy” rating and set a $750.00 target price for the company in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of KLA from $890.00 to $750.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Finally, Barclays reduced their price objective on shares of KLA from $750.00 to $700.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $812.47.

Check Out Our Latest Research Report on KLA

KLA Price Performance

Shares of NASDAQ:KLAC opened at $712.97 on Thursday. 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 Co. has a twelve month low of $581.70 and a twelve month high of $896.32. The company’s 50 day moving average is $669.84 and its 200 day moving average is $718.54. The company has a market cap of $95.37 billion, a PE ratio of 32.56, a price-to-earnings-growth ratio of 1.66 and a beta of 1.27.

KLA (NASDAQ:KLACGet Free Report) last issued its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.03 by $0.30. KLA had a net margin of 28.92% and a return on equity of 105.16%. The firm had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.75 billion. During the same quarter last year, the company posted $5.74 earnings per share. The firm’s revenue was up 18.5% compared to the same quarter last year. On average, 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. Stockholders of record on Monday, November 18th were issued a $1.70 dividend. This represents a $6.80 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Monday, November 18th. This is a boost from KLA’s previous quarterly dividend of $1.45. KLA’s payout ratio is 31.05%.

About KLA

(Free Report)

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.

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Institutional Ownership by Quarter for KLA (NASDAQ:KLAC)

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