Trust Co. of Toledo NA OH Sells 50 Shares of KLA Co. (NASDAQ:KLAC)

Trust Co. of Toledo NA OH trimmed its position in shares of KLA Co. (NASDAQ:KLAC) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,988 shares of the semiconductor company’s stock after selling 50 shares during the period. Trust Co. of Toledo NA OH’s holdings in KLA were worth $1,253,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of KLAC. Fiduciary Alliance LLC bought a new position in shares of KLA during the 4th quarter worth $1,190,000. Aprio Wealth Management LLC lifted its holdings in KLA by 24.2% during the fourth quarter. Aprio Wealth Management LLC now owns 477 shares of the semiconductor company’s stock valued at $301,000 after purchasing an additional 93 shares during the last quarter. Czech National Bank boosted its position in KLA by 5.9% during the fourth quarter. Czech National Bank now owns 29,002 shares of the semiconductor company’s stock worth $18,275,000 after purchasing an additional 1,619 shares during the period. HBW Advisory Services LLC increased its stake in shares of KLA by 5.8% in the fourth quarter. HBW Advisory Services LLC now owns 826 shares of the semiconductor company’s stock worth $520,000 after purchasing an additional 45 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in shares of KLA by 2.8% in the fourth quarter. Harbor Capital Advisors Inc. now owns 1,473 shares of the semiconductor company’s stock valued at $928,000 after purchasing an additional 40 shares during the period. 86.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Needham & Company LLC upgraded KLA from a “hold” rating to a “buy” rating and set a $750.00 price target for the company in a research report on Monday. The Goldman Sachs Group decreased their price target on shares of KLA from $850.00 to $759.00 and set a “buy” rating on the stock in a report on Friday. Citigroup dropped their price target on KLA from $960.00 to $900.00 and set a “buy” rating for the company in a research note on Monday, September 16th. Barclays dropped their target price on KLA from $800.00 to $750.00 and set an “equal weight” rating for the company in a research report on Thursday, October 31st. Finally, Oppenheimer upgraded shares of KLA from a “market perform” rating to an “outperform” rating and increased their price target for the company from $750.00 to $850.00 in a research report on Thursday, October 31st. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $809.10.

KLA Price Performance

KLAC stock traded down $3.90 during trading on Monday, reaching $679.16. The company’s stock had a trading volume of 179,672 shares, compared to its average volume of 1,029,416. The company’s fifty day moving average is $650.27 and its 200-day moving average is $728.30. The company has a market capitalization of $90.84 billion, a P/E ratio of 31.01, a price-to-earnings-growth ratio of 1.39 and a beta of 1.27. KLA Co. has a 1 year low of $552.85 and a 1 year high of $896.32. The company has a quick ratio of 1.48, a current ratio of 2.13 and a debt-to-equity ratio of 1.65.

KLA (NASDAQ:KLAC) last released its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, topping the consensus estimate of $7.03 by $0.30. The company had revenue of $2.84 billion during 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 firm’s revenue was up 18.5% on a year-over-year basis. During the same quarter last year, the business posted $5.74 earnings per share. On average, research analysts expect that KLA Co. will post 30.61 earnings per share for the current fiscal year.

KLA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th were issued a dividend of $1.70 per share. The ex-dividend date was Monday, November 18th. This represents a $6.80 dividend on an annualized basis and a yield of 1.00%. This is a positive change from KLA’s previous quarterly dividend of $1.45. KLA’s dividend payout ratio is currently 31.05%.

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.