Bank of Stockton Sells 154 Shares of KLA Co. (NASDAQ:KLAC)

Bank of Stockton trimmed its holdings in shares of KLA Co. (NASDAQ:KLAC) by 3.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,292 shares of the semiconductor company’s stock after selling 154 shares during the period. KLA makes up about 0.8% of Bank of Stockton’s holdings, making the stock its 23rd largest holding. Bank of Stockton’s holdings in KLA were worth $2,704,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of KLAC. Legacy Investment Solutions LLC acquired a new position in shares of KLA during the 3rd quarter worth about $29,000. Groupama Asset Managment boosted its stake in shares of KLA by 82.3% during the 3rd quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock worth $35,000 after buying an additional 2,038 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in KLA in the 3rd quarter valued at about $38,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in KLA in the 4th quarter valued at about $43,000. Finally, Ameliora Wealth Management Ltd. acquired a new stake in KLA in the 4th quarter valued at about $47,000. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on KLAC. Barclays raised their target price on shares of KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. 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 note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft raised their target price on shares of KLA from $725.00 to $850.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Susquehanna raised their target price on shares of KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Finally, Wells Fargo & Company increased their price target on shares of KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $831.68.

KLA Stock Up 0.4 %

Shares of KLAC opened at $777.63 on Friday. KLA Co. has a 12 month low of $609.40 and a 12 month high of $896.32. The firm’s 50 day moving average is $706.54 and its 200-day moving average is $715.48. The stock has a market capitalization of $103.34 billion, a PE ratio of 32.70, a P/E/G ratio of 1.57 and a beta of 1.28. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64.

KLA (NASDAQ:KLAC) last announced its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, topping 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%. Equities research analysts forecast that KLA Co. will post 31.59 EPS for the current year.

KLA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Monday, February 24th will be paid a $1.70 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a yield of 0.87%. KLA’s dividend payout ratio (DPR) is 28.60%.

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.