Frank Rimerman Advisors LLC Has $1.20 Million Holdings in KLA Co. (NASDAQ:KLAC)

Frank Rimerman Advisors LLC decreased its holdings in KLA Co. (NASDAQ:KLAC) by 19.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,905 shares of the semiconductor company’s stock after selling 450 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in KLA were worth $1,200,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of KLAC. Legacy Investment Solutions LLC bought a new position in shares of KLA during the third quarter worth approximately $29,000. Tortoise Investment Management LLC increased its stake in KLA by 300.0% during the 4th quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 36 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new position in KLA in the 4th quarter valued at $32,000. Fairfield Financial Advisors LTD lifted its position in shares of KLA by 160.0% during the 4th quarter. Fairfield Financial Advisors LTD now owns 65 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 40 shares during the period. Finally, FSA Wealth Management LLC acquired a new stake in shares of KLA during the 3rd quarter worth $53,000. Institutional investors own 86.65% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on KLAC shares. Barclays upped their price objective on shares of KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Susquehanna increased their price target on shares of KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Morgan Stanley boosted their price objective on shares of KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a research report on Monday, February 3rd. Wells Fargo & Company raised their target price on KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, Stifel Nicolaus boosted their price target on KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, KLA currently has a consensus rating of “Moderate Buy” and an average price target of $830.67.

KLA Trading Up 4.6 %

Shares of KLAC stock opened at $713.00 on Friday. The stock has a 50-day moving average of $726.81 and a 200-day moving average of $706.39. KLA Co. has a 1-year low of $609.40 and a 1-year high of $896.32. The stock has a market cap of $94.75 billion, a price-to-earnings ratio of 29.98, a PEG ratio of 1.57 and a beta of 1.30. 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 released its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (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%. On average, equities research analysts forecast that KLA Co. will post 31.59 earnings per share for the current year.

KLA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were issued a $1.70 dividend. The ex-dividend date was Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a yield of 0.95%. KLA’s payout ratio is currently 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.