Mission Wealth Management LP Sells 26 Shares of KLA Co. (NASDAQ:KLAC)

Mission Wealth Management LP cut its stake in shares of KLA Co. (NASDAQ:KLAC) by 2.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,191 shares of the semiconductor company’s stock after selling 26 shares during the quarter. Mission Wealth Management LP’s holdings in KLA were worth $750,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Legacy Investment Solutions LLC bought a new stake in KLA in the 3rd quarter worth about $29,000. Kohmann Bosshard Financial Services LLC bought a new stake in KLA in the 4th quarter worth about $32,000. Groupama Asset Managment increased its holdings in KLA by 82.3% in the 3rd quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock worth $35,000 after buying an additional 2,038 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in KLA in the 3rd quarter worth about $38,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in KLA in the 4th quarter worth about $43,000. 86.65% of the stock is currently owned by institutional investors.

KLA Stock Up 1.1 %

KLAC opened at $699.00 on Wednesday. The firm has a 50-day simple moving average of $718.70 and a two-hundred day simple moving average of $712.43. KLA Co. has a 52 week low of $609.40 and a 52 week high of $896.32. The company has a market capitalization of $92.89 billion, a PE ratio of 29.39, a price-to-earnings-growth ratio of 1.57 and a beta of 1.28. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64.

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

KLA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were issued a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend was Monday, February 24th. KLA’s dividend payout ratio (DPR) is presently 28.60%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Susquehanna lifted their price objective on KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Cantor Fitzgerald boosted their price target on KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. UBS Group boosted their price target on KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. Wells Fargo & Company boosted their price target on KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, Stifel Nicolaus boosted their price target on KLA from $800.00 to $825.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $831.68.

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.