KLA Co. (NASDAQ:KLAC) Stock Holdings Lessened by Exchange Capital Management Inc.

Exchange Capital Management Inc. decreased its position in shares of KLA Co. (NASDAQ:KLAC) by 1.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 13,238 shares of the semiconductor company’s stock after selling 204 shares during the quarter. KLA accounts for 1.3% of Exchange Capital Management Inc.’s investment portfolio, making the stock its 17th biggest holding. Exchange Capital Management Inc.’s holdings in KLA were worth $8,342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of KLAC. State Street Corp boosted its position in KLA by 2.5% during the third quarter. State Street Corp now owns 5,979,293 shares of the semiconductor company’s stock valued at $4,630,424,000 after purchasing an additional 145,317 shares during the last quarter. Mizuho Securities USA LLC grew its stake in KLA by 32,828.8% during the third quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock worth $2,647,708,000 after buying an additional 3,408,617 shares during the last quarter. Geode Capital Management LLC boosted its holdings in KLA by 3.0% in the third quarter. Geode Capital Management LLC now owns 3,221,694 shares of the semiconductor company’s stock valued at $2,487,971,000 after acquiring an additional 93,743 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of KLA by 25.7% during the third quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock worth $1,083,684,000 after acquiring an additional 286,015 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of KLA by 5.9% during the 4th quarter. Bank of New York Mellon Corp now owns 1,153,043 shares of the semiconductor company’s stock worth $726,555,000 after purchasing an additional 64,238 shares in the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Trading Down 2.2 %

NASDAQ KLAC opened at $737.57 on Tuesday. The firm’s 50-day moving average is $710.18 and its two-hundred day moving average is $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 12 month low of $609.40 and a 12 month high of $896.32. The stock has a market capitalization of $98.01 billion, a P/E ratio of 31.02, a PEG ratio of 1.57 and a beta of 1.28.

KLA (NASDAQ:KLAC) last released its earnings results 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 return on equity of 108.60% and a net margin of 29.58%. On average, sell-side analysts anticipate that KLA Co. will post 31.59 earnings per share for the current year.

KLA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th will be paid a dividend of $1.70 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $6.80 annualized dividend and a dividend yield of 0.92%. KLA’s dividend payout ratio is presently 28.60%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. The Goldman Sachs Group boosted their price target on KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a report on Friday, January 31st. TD Cowen decreased 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 boosted their price target on shares of KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Cantor Fitzgerald upped their price objective on KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Finally, Needham & Company LLC boosted their target price on shares of KLA from $800.00 to $830.00 and gave the stock 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $831.68.

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.