KLA Co. (NASDAQ:KLAC) Stock Position Trimmed by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC cut its position in KLA Co. (NASDAQ:KLAC) by 21.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 892 shares of the semiconductor company’s stock after selling 239 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in KLA were worth $562,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Legacy Investment Solutions LLC bought a new stake in KLA in the 3rd quarter valued at about $29,000. Tortoise Investment Management LLC increased its stake in KLA by 300.0% during the 4th quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 36 shares during the period. Kohmann Bosshard Financial Services LLC bought a new stake in shares of KLA during the 4th quarter worth about $32,000. Groupama Asset Managment lifted its stake in shares of 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 acquiring an additional 2,038 shares during the period. Finally, Fairfield Financial Advisors LTD boosted its holdings in shares of KLA by 160.0% in the fourth quarter. Fairfield Financial Advisors LTD now owns 65 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 40 shares in the last quarter. 86.65% of the stock is currently owned by institutional investors.

KLA Stock Performance

Shares of KLAC opened at $713.00 on Friday. KLA Co. has a one year low of $609.40 and a one year high of $896.32. The company has a 50-day moving average of $726.81 and a two-hundred day moving average of $707.13. The stock has a market cap of $94.75 billion, a price-to-earnings ratio of 29.98, a PEG ratio of 1.57 and a beta of 1.30. 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 (NASDAQ:KLAC) last announced its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, topping 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%. On average, equities research analysts expect that KLA Co. will post 31.59 earnings per share for the current year.

KLA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors 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 0.95%. The ex-dividend date of this dividend was Monday, February 24th. KLA’s dividend payout ratio is currently 28.60%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Stifel Nicolaus upped 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. Morgan Stanley upped their price objective on KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft raised their target price on KLA from $725.00 to $850.00 and gave the company a “buy” rating in a research note on Friday, January 31st. StockNews.com cut shares of KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, Barclays lifted their price objective 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. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, KLA presently has an average rating of “Moderate Buy” and an average price target of $830.67.

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.