E. Ohman J or Asset Management AB Reduces Stock Position in KLA Co. (NASDAQ:KLAC)

E. Ohman J or Asset Management AB reduced its stake in shares of KLA Co. (NASDAQ:KLAC) by 88.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,969 shares of the semiconductor company’s stock after selling 52,960 shares during the period. E. Ohman J or Asset Management AB’s holdings in KLA were worth $4,391,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CVA Family Office LLC grew its position in shares of KLA by 3.7% in the 3rd quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company’s stock worth $283,000 after acquiring an additional 13 shares in the last quarter. Hutchens & Kramer Investment Management Group LLC lifted its stake in KLA by 3.3% during the fourth quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company’s stock worth $259,000 after purchasing an additional 13 shares during the last quarter. Richardson Financial Services Inc. boosted its holdings in KLA by 5.9% in the fourth quarter. Richardson Financial Services Inc. now owns 253 shares of the semiconductor company’s stock worth $160,000 after purchasing an additional 14 shares during the period. Marcum Wealth LLC raised its holdings in shares of KLA by 4.1% during the third quarter. Marcum Wealth LLC now owns 384 shares of the semiconductor company’s stock worth $297,000 after purchasing an additional 15 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its position in shares of KLA by 1.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,433 shares of the semiconductor company’s stock worth $1,110,000 after buying an additional 16 shares during the last quarter. Institutional investors own 86.65% of the company’s stock.

KLA Trading Up 0.3 %

Shares of KLAC stock opened at $740.21 on Tuesday. KLA Co. has a fifty-two week low of $595.86 and a fifty-two week high of $896.32. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $99.01 billion, a P/E ratio of 31.13, a P/E/G ratio of 1.57 and a beta of 1.28. The stock has a 50-day simple moving average of $675.96 and a 200 day simple moving average of $716.33.

KLA (NASDAQ:KLAC) last posted its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. On average, sell-side analysts expect that KLA Co. will post 30.8 earnings per share for the current fiscal year.

KLA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th were issued a $1.70 dividend. The ex-dividend date was Monday, November 18th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.92%. This is a positive change from KLA’s previous quarterly dividend of $1.45. KLA’s dividend payout ratio is presently 28.60%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on KLAC shares. The Goldman Sachs Group boosted their price objective on shares of KLA from $759.00 to $864.00 and gave the company a “buy” rating in a research report on Friday. Oppenheimer raised KLA from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $750.00 to $850.00 in a report on Thursday, October 31st. TD Cowen dropped their target price on KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of KLA from $725.00 to $850.00 and gave the company a “buy” rating in a report on Friday. Finally, Needham & Company LLC increased their price objective on shares of KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a report on Friday. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $831.68.

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.