KLA Co. (NASDAQ:KLAC) Shares Sold by Lindenwold Advisors INC

Lindenwold Advisors INC cut its holdings in KLA Co. (NASDAQ:KLAC) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,580 shares of the semiconductor company’s stock after selling 71 shares during the period. Lindenwold Advisors INC’s holdings in KLA were worth $1,626,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Swedbank AB increased its holdings in 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 buying an additional 2,019 shares during the last quarter. Diversify Advisory Services LLC increased its holdings in KLA by 22.7% in the fourth quarter. Diversify Advisory Services LLC now owns 648 shares of the semiconductor company’s stock valued at $443,000 after buying an additional 120 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in KLA by 14.1% in the third quarter. Daiwa Securities Group Inc. now owns 33,215 shares of the semiconductor company’s stock valued at $25,722,000 after buying an additional 4,112 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in shares of KLA by 27.6% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 9,778 shares of the semiconductor company’s stock worth $6,161,000 after purchasing an additional 2,112 shares during the last quarter. Finally, Milestone Asset Management LLC purchased a new position in shares of KLA during the fourth quarter worth about $1,563,000. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. StockNews.com lowered KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. 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. Cantor Fitzgerald increased their target price on shares of KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Needham & Company LLC increased their target price on shares of KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Finally, UBS Group increased their target price on shares of KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, KLA has an average rating of “Moderate Buy” and an average target price of $830.67.

KLA Stock Performance

Shares of KLAC opened at $710.00 on Wednesday. The company’s fifty day moving average is $727.78 and its 200-day moving average is $704.39. KLA Co. has a 12 month low of $609.40 and a 12 month high of $896.32. The firm has a market cap of $94.35 billion, a price-to-earnings ratio of 29.86, a price-to-earnings-growth ratio of 1.57 and a beta of 1.30. 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 posted its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (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%. Equities analysts expect that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were issued a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend was Monday, February 24th. KLA’s dividend payout ratio (DPR) is presently 28.60%.

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.