AMG National Trust Bank Reduces Stock Position in KLA Co. (NASDAQ:KLAC)

AMG National Trust Bank lessened its holdings in KLA Co. (NASDAQ:KLAC) by 40.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 407 shares of the semiconductor company’s stock after selling 279 shares during the quarter. AMG National Trust Bank’s holdings in KLA were worth $257,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Hutchens & Kramer Investment Management Group LLC boosted its stake in shares of KLA by 3.3% during the fourth quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company’s stock worth $259,000 after buying an additional 13 shares during the period. Richardson Financial Services Inc. boosted its stake in shares of KLA by 5.9% during the fourth quarter. Richardson Financial Services Inc. now owns 253 shares of the semiconductor company’s stock worth $160,000 after buying an additional 14 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of KLA by 6.5% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 246 shares of the semiconductor company’s stock worth $155,000 after buying an additional 15 shares during the period. Catalyst Financial Partners LLC boosted its stake in shares of KLA by 2.0% during the fourth quarter. Catalyst Financial Partners LLC now owns 755 shares of the semiconductor company’s stock worth $476,000 after buying an additional 15 shares during the period. Finally, Citizens Financial Group Inc. RI boosted its stake in shares of KLA by 2.8% during 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. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Price Performance

KLAC stock opened at $711.29 on Friday. The firm has a 50 day moving average of $722.21 and a 200-day moving average of $710.85. KLA Co. has a 12-month low of $609.40 and a 12-month high of $896.32. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. The company has a market cap of $94.52 billion, a price-to-earnings ratio of 29.91, a PEG ratio of 1.57 and a beta of 1.30.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, topping 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%. As a group, equities analysts expect that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th were paid a dividend of $1.70 per share. The ex-dividend date was 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 28.60%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on KLAC. Barclays increased their target price on shares of KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Stifel Nicolaus increased their target price on shares of KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. UBS Group raised their price objective on shares of KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. StockNews.com downgraded shares of KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, Wells Fargo & Company raised their price objective 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. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, KLA presently has a consensus rating of “Moderate Buy” and a consensus price target of $831.68.

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.