MorganRosel Wealth Management LLC Has $840,000 Holdings in KLA Co. (NASDAQ:KLAC)

MorganRosel Wealth Management LLC decreased its holdings in KLA Co. (NASDAQ:KLAC) by 17.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,333 shares of the semiconductor company’s stock after selling 283 shares during the period. MorganRosel Wealth Management LLC’s holdings in KLA were worth $840,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Swedbank AB lifted its position in KLA by 0.4% in the 3rd quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock worth $426,660,000 after buying an additional 2,019 shares in the last quarter. Diversify Advisory Services LLC raised its holdings in shares of KLA by 22.7% during the fourth quarter. Diversify Advisory Services LLC now owns 648 shares of the semiconductor company’s stock worth $443,000 after acquiring an additional 120 shares in the last quarter. ING Groep NV boosted its position in KLA by 52.4% during the third quarter. ING Groep NV now owns 79,763 shares of the semiconductor company’s stock valued at $61,769,000 after purchasing an additional 27,436 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in KLA by 14.1% in the third quarter. Daiwa Securities Group Inc. now owns 33,215 shares of the semiconductor company’s stock valued at $25,722,000 after purchasing an additional 4,112 shares in the last quarter. Finally, Greenwich Wealth Management LLC raised its stake in shares of KLA by 260.7% during the 3rd quarter. Greenwich Wealth Management LLC now owns 1,378 shares of the semiconductor company’s stock worth $1,067,000 after purchasing an additional 996 shares in the last quarter. 86.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on KLAC shares. TD Cowen cut their price objective on shares of 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 shares of KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. StockNews.com lowered shares of KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Oppenheimer upgraded shares of KLA from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $750.00 to $850.00 in a research note on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft upped their price target on KLA from $725.00 to $850.00 and gave the company a “buy” rating in a report on Friday, January 31st. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, KLA currently has an average rating of “Moderate Buy” and an average target price of $831.68.

KLA Stock Performance

Shares of KLAC stock opened at $737.57 on Tuesday. The stock has a market cap of $98.01 billion, a PE ratio of 31.02, a price-to-earnings-growth ratio of 1.57 and a beta of 1.28. The stock has a 50-day moving average of $710.18 and a 200-day moving average of $715.85. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63. KLA Co. has a one year low of $609.40 and a one year 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 analysts’ consensus estimates of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%. As a group, sell-side analysts expect that KLA Co. will post 31.59 earnings per share for the current year.

KLA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th will be paid a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date is Monday, February 24th. KLA’s payout ratio is currently 28.60%.

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.