Atria Investments Inc reduced its position in KLA Co. (NASDAQ:KLAC - Free Report) by 30.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,450 shares of the semiconductor company's stock after selling 3,197 shares during the period. Atria Investments Inc's holdings in KLA were worth $4,694,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new stake in shares of KLA in the third quarter worth approximately $29,000. Capital Performance Advisors LLP bought a new position in KLA during the third quarter valued at approximately $38,000. Kohmann Bosshard Financial Services LLC purchased a new stake in KLA in the fourth quarter worth approximately $32,000. FSA Wealth Management LLC bought a new stake in KLA in the 3rd quarter worth approximately $53,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in KLA during the 4th quarter valued at $43,000. 86.65% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently issued reports on KLAC shares. Morgan Stanley boosted their target price on shares of KLA from $703.00 to $748.00 and gave the company an "equal weight" rating in a research report on Monday, February 3rd. Needham & Company LLC upped their price objective on KLA from $800.00 to $830.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Susquehanna lifted their target price on KLA from $620.00 to $655.00 and gave the company a "neutral" rating in a research report on Wednesday, January 22nd. Cantor Fitzgerald upped their price target on KLA from $800.00 to $875.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Finally, StockNews.com downgraded KLA from a "buy" rating to a "hold" rating in a research note on Wednesday, November 27th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, KLA has a consensus rating of "Moderate Buy" and a consensus target price of $831.68.
Check Out Our Latest Stock Report on KLA
NASDAQ KLAC traded up $19.16 during trading on Friday, hitting $711.29. 1,087,883 shares of the stock traded hands, compared to its average volume of 1,143,586. 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 Co. has a 12-month low of $609.40 and a 12-month high of $896.32. The firm has a 50-day simple moving average of $722.21 and a 200-day simple moving average of $711.55. The company has a market capitalization of $94.52 billion, a P/E ratio of 29.91, a price-to-earnings-growth ratio of 1.57 and a beta of 1.30.
KLA (NASDAQ:KLAC - Get Free Report) last posted its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, beating 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, analysts predict that KLA Co. will post 31.59 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th were given a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a dividend yield of 0.96%. The ex-dividend date was Monday, February 24th. KLA's dividend payout ratio is 28.60%.
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.
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