Heritage Wealth Management Inc. Reduces Holdings in KLA Co. (NASDAQ:KLAC)

Heritage Wealth Management Inc. decreased its position in KLA Co. (NASDAQ:KLAC) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,183 shares of the semiconductor company’s stock after selling 40 shares during the period. Heritage Wealth Management Inc.’s holdings in KLA were worth $1,376,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in KLAC. Mizuho Securities USA LLC grew its stake in shares of KLA by 32,828.8% in the 3rd quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock valued at $2,647,708,000 after buying an additional 3,408,617 shares during the period. Proficio Capital Partners LLC grew its stake in shares of KLA by 114,444.5% in the 4th quarter. Proficio Capital Partners LLC now owns 342,488 shares of the semiconductor company’s stock valued at $215,809,000 after buying an additional 342,189 shares during the period. Van ECK Associates Corp grew its stake in shares of KLA by 25.7% in the 3rd quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock valued at $1,083,684,000 after buying an additional 286,015 shares during the period. Two Sigma Advisers LP grew its stake in shares of KLA by 10,766.7% in the 3rd quarter. Two Sigma Advisers LP now owns 228,200 shares of the semiconductor company’s stock valued at $176,720,000 after buying an additional 226,100 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in shares of KLA by 84.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 441,053 shares of the semiconductor company’s stock valued at $277,916,000 after buying an additional 201,649 shares during the period. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Wall Street Analysts Forecast Growth

KLAC has been the subject of a number of research analyst reports. Barclays increased 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. The Goldman Sachs Group increased their price objective on shares of KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Stifel Nicolaus increased their price objective on shares of KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Wells Fargo & Company increased their price objective on shares of KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, StockNews.com cut shares of KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, KLA presently has an average rating of “Moderate Buy” and an average price target of $831.68.

KLA Price Performance

Shares of KLAC opened at $708.84 on Friday. KLA Co. has a twelve month low of $609.40 and a twelve month high of $896.32. The firm’s fifty day simple moving average is $716.87 and its 200-day simple moving average is $714.86. The firm has a market capitalization of $94.20 billion, a price-to-earnings ratio of 29.81, a PEG ratio of 1.57 and a beta of 1.28. 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 announced its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share 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%. Equities analysts forecast that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th will be issued a $1.70 dividend. The ex-dividend date is Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.96%. KLA’s payout ratio is 28.60%.

KLA 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.