Kathmere Capital Management LLC lessened its stake in KLA Co. (NASDAQ:KLAC – Free Report) by 17.2% in the fourth quarter, Holdings Channel reports. The firm owned 814 shares of the semiconductor company’s stock after selling 169 shares during the quarter. Kathmere Capital Management LLC’s holdings in KLA were worth $513,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in KLAC. Legacy Investment Solutions LLC acquired a new position in KLA during the 3rd quarter worth approximately $29,000. Capital Performance Advisors LLP acquired a new position in shares of KLA in the third quarter worth approximately $38,000. FSA Wealth Management LLC acquired a new position in KLA in the third quarter valued at $53,000. Peterson Financial Group Inc. bought a new position in shares of KLA during the 3rd quarter worth approximately $56,000. Finally, Prospera Private Wealth LLC bought a new stake in KLA in the third quarter valued at $58,000. Institutional investors own 86.65% of the company’s stock.
Analyst Ratings Changes
KLAC has been the topic of several research reports. The Goldman Sachs Group lowered their price objective on shares of KLA from $850.00 to $759.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Oppenheimer raised KLA from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $750.00 to $850.00 in a report on Thursday, October 31st. Barclays reduced their price objective on shares of KLA from $800.00 to $750.00 and set an “equal weight” rating for the company in a research note on Thursday, October 31st. Morgan Stanley cut their price objective on shares of KLA from $746.00 to $703.00 and set an “equal weight” rating for the company in a research report on Thursday, December 5th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $925.00 price objective on shares of KLA in a research note on Tuesday, October 8th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, KLA has an average rating of “Moderate Buy” and an average price target of $809.10.
KLA Stock Performance
KLA stock opened at $716.25 on Thursday. KLA Co. has a 1-year low of $552.85 and a 1-year high of $896.32. The company’s 50-day moving average is $651.44 and its 200 day moving average is $726.56. The firm has a market capitalization of $95.81 billion, a P/E ratio of 32.71, a price-to-earnings-growth ratio of 1.39 and a beta of 1.27. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.13 and a quick ratio of 1.48.
KLA (NASDAQ:KLAC – Get Free Report) last released its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share for the quarter, topping analysts’ consensus estimates of $7.03 by $0.30. The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.75 billion. KLA had a return on equity of 105.16% and a net margin of 28.92%. The business’s revenue was up 18.5% compared to the same quarter last year. During the same quarter last year, the firm posted $5.74 earnings per share. Research analysts forecast that KLA Co. will post 30.61 EPS for the current year.
KLA Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were paid a $1.70 dividend. The ex-dividend date was Monday, November 18th. This is a positive change from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 dividend on an annualized basis and a yield of 0.95%. KLA’s dividend payout ratio is 31.05%.
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.
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