KLA Co. (NASDAQ:KLAC) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. decreased its holdings in shares of KLA Co. (NASDAQ:KLAC) by 27.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,132 shares of the semiconductor company’s stock after selling 1,951 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in KLA were worth $3,234,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in KLAC. Swedbank AB increased its holdings in shares of KLA by 0.4% in the third quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock valued at $426,660,000 after purchasing an additional 2,019 shares during the period. Financial Advocates Investment Management grew its position in KLA by 3.6% in the 3rd quarter. Financial Advocates Investment Management now owns 597 shares of the semiconductor company’s stock valued at $462,000 after buying an additional 21 shares during the last quarter. Farther Finance Advisors LLC increased its stake in KLA by 16.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 819 shares of the semiconductor company’s stock valued at $634,000 after buying an additional 113 shares during the period. Tower Wealth Partners Inc. raised its position in KLA by 6.5% during the 3rd quarter. Tower Wealth Partners Inc. now owns 310 shares of the semiconductor company’s stock worth $240,000 after buying an additional 19 shares during the last quarter. Finally, Greenwich Wealth Management LLC lifted its stake in shares of KLA by 260.7% in the 3rd quarter. Greenwich Wealth Management LLC now owns 1,378 shares of the semiconductor company’s stock worth $1,067,000 after acquiring an additional 996 shares during the period. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Trading Up 1.4 %

Shares of KLA stock opened at $708.84 on Friday. The business has a 50 day moving average price of $716.87 and a 200 day moving average price of $714.86. The company has a market capitalization of $94.20 billion, a P/E ratio of 29.81, a P/E/G ratio of 1.57 and a beta of 1.28. 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 1 year low of $609.40 and a 1 year high of $896.32.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. Sell-side analysts anticipate that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th will be issued a dividend of $1.70 per share. 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 dividend payout ratio (DPR) is presently 28.60%.

Wall Street Analysts Forecast Growth

KLAC has been the topic of a number of recent analyst reports. Susquehanna boosted their price target on shares of KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Stifel Nicolaus boosted their target price on KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft raised their price target on KLA from $725.00 to $850.00 and gave the company a “buy” rating in a report on Friday, January 31st. StockNews.com lowered KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, Needham & Company LLC raised their target price on KLA from $800.00 to $830.00 and gave the company 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 company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.