Elo Mutual Pension Insurance Co Sells 569 Shares of KLA Co. (NASDAQ:KLAC)

Elo Mutual Pension Insurance Co lessened its stake in shares of KLA Co. (NASDAQ:KLAC) by 4.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,226 shares of the semiconductor company’s stock after selling 569 shares during the period. Elo Mutual Pension Insurance Co’s holdings in KLA were worth $7,704,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of KLAC. Hutchens & Kramer Investment Management Group LLC boosted its stake in shares of KLA by 3.3% in the 4th quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company’s stock valued at $259,000 after purchasing an additional 13 shares in the last quarter. Richardson Financial Services Inc. increased its holdings 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 in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of KLA by 6.5% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 246 shares of the semiconductor company’s stock valued at $155,000 after acquiring an additional 15 shares during the last quarter. Catalyst Financial Partners LLC boosted its holdings in shares of KLA by 2.0% during the 4th quarter. Catalyst Financial Partners LLC now owns 755 shares of the semiconductor company’s stock valued at $476,000 after acquiring an additional 15 shares in the last quarter. Finally, TFB Advisors LLC grew its position in KLA by 3.4% during the 4th quarter. TFB Advisors LLC now owns 489 shares of the semiconductor company’s stock worth $308,000 after acquiring an additional 16 shares during the last quarter. Institutional investors own 86.65% of the company’s stock.

KLA Trading Down 2.3 %

NASDAQ KLAC opened at $705.54 on Thursday. The stock’s 50-day simple moving average is $730.46 and its two-hundred day simple moving average is $703.39. KLA Co. has a twelve month low of $609.40 and a twelve month high of $896.32. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64. The company has a market capitalization of $93.76 billion, a price-to-earnings ratio of 29.67, a PEG ratio of 1.57 and a beta of 1.30.

KLA (NASDAQ:KLAC) last released its earnings results 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 return on equity of 108.60% and a net margin of 29.58%. Research analysts forecast that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Announces Dividend

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

Analyst Ratings Changes

Several research firms recently commented on KLAC. Stifel Nicolaus lifted their target price on shares of KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. The Goldman Sachs Group lifted their price target on shares of KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Cantor Fitzgerald increased their price objective on KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Susquehanna lifted their target price on KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Finally, UBS Group increased 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. 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.com, KLA presently has a consensus rating of “Moderate Buy” and a consensus target price of $830.67.

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.