KLA Co. (NASDAQ:KLAC) Stock Holdings Cut by Teamwork Financial Advisors LLC

Teamwork Financial Advisors LLC reduced its position in shares of KLA Co. (NASDAQ:KLAC) by 29.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,270 shares of the semiconductor company’s stock after selling 1,374 shares during the period. Teamwork Financial Advisors LLC’s holdings in KLA were worth $2,061,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. CVA Family Office LLC boosted its stake in shares of KLA by 3.7% during 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. Marcum Wealth LLC boosted its position in shares of KLA by 4.1% in the third quarter. Marcum Wealth LLC now owns 384 shares of the semiconductor company’s stock worth $297,000 after buying an additional 15 shares during the period. Harbor Capital Advisors Inc. boosted its position in shares of KLA by 1.1% in the third 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 period. Ascent Wealth Partners LLC boosted its position in shares of KLA by 0.4% in the third quarter. Ascent Wealth Partners LLC now owns 4,466 shares of the semiconductor company’s stock worth $3,459,000 after buying an additional 16 shares during the period. Finally, Citizens Financial Group Inc. RI boosted its position in shares of KLA by 2.8% in the third quarter. Citizens Financial Group Inc. RI now owns 582 shares of the semiconductor company’s stock worth $451,000 after buying an additional 16 shares during the period. 86.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KLAC. TD Cowen decreased their target price on KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. Oppenheimer upgraded KLA from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $750.00 to $850.00 in a report on Thursday, October 31st. Cantor Fitzgerald reiterated a “neutral” rating and set a $925.00 price objective on shares of KLA in a report on Tuesday, October 8th. Susquehanna increased their price objective on KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Wells Fargo & Company cut their target price on KLA from $800.00 to $795.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $806.35.

KLA Stock Performance

KLAC stock opened at $771.91 on Thursday. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.13 and a quick ratio of 1.48. The company has a 50 day moving average price of $661.42 and a 200 day moving average price of $723.50. KLA Co. has a fifty-two week low of $581.70 and a fifty-two week high of $896.32. The stock has a market capitalization of $103.25 billion, a PE ratio of 35.25, a price-to-earnings-growth ratio of 1.65 and a beta of 1.27.

KLA (NASDAQ:KLAC) last issued its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, beating the consensus estimate of $7.03 by $0.30. The company had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.75 billion. KLA had a net margin of 28.92% and a return on equity of 105.16%. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.74 EPS. Analysts forecast that KLA Co. will post 30.34 EPS for the current year.

KLA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th were given a dividend of $1.70 per share. This is a boost from KLA’s previous quarterly dividend of $1.45. The ex-dividend date was Monday, November 18th. This represents a $6.80 annualized dividend and a dividend yield of 0.88%. KLA’s payout ratio is presently 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.