First Financial Corp IN Has $171,000 Stake in KLA Co. (NASDAQ:KLAC)

First Financial Corp IN cut its stake in KLA Co. (NASDAQ:KLAC) by 14.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 272 shares of the semiconductor company’s stock after selling 46 shares during the period. First Financial Corp IN’s holdings in KLA were worth $171,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in KLAC. Legacy Investment Solutions LLC acquired a new stake in KLA in the 3rd quarter valued at approximately $29,000. Capital Performance Advisors LLP acquired a new stake in shares of KLA in the third quarter valued at approximately $38,000. FSA Wealth Management LLC bought a new stake in shares of KLA in the third quarter worth $53,000. Peterson Financial Group Inc. acquired a new position in KLA during the third quarter worth $56,000. Finally, Prospera Private Wealth LLC bought a new position in KLA in the third quarter valued at $58,000. Institutional investors own 86.65% of the company’s stock.

KLA Stock Performance

NASDAQ:KLAC opened at $690.99 on Tuesday. The stock has a 50 day simple moving average of $650.82 and a 200 day simple moving average of $727.43. The stock has a market cap of $92.43 billion, a P/E ratio of 31.55, a PEG ratio of 1.39 and a beta of 1.27. KLA Co. has a 1-year low of $552.85 and a 1-year high of $896.32. The company has a current ratio of 2.13, a quick ratio of 1.48 and a debt-to-equity ratio of 1.65.

KLA (NASDAQ:KLAC) last announced its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.03 by $0.30. KLA had a net margin of 28.92% and a return on equity of 105.16%. The company had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.75 billion. During the same quarter in the previous year, the business posted $5.74 earnings per share. KLA’s quarterly revenue was up 18.5% on a year-over-year basis. Research analysts anticipate that KLA Co. will post 30.61 earnings per share for the current year.

KLA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th were issued a dividend of $1.70 per share. The ex-dividend date of this dividend was Monday, November 18th. This is a boost from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 annualized dividend and a dividend yield of 0.98%. KLA’s dividend payout ratio (DPR) is currently 31.05%.

Analyst Upgrades and Downgrades

KLAC has been the subject of a number of recent research reports. Barclays reduced their price objective on shares of KLA from $800.00 to $750.00 and set an “equal weight” rating for the company in a research note on Thursday, October 31st. Oppenheimer upgraded KLA from a “market perform” rating to an “outperform” rating and raised their price target for the company from $750.00 to $850.00 in a research note on Thursday, October 31st. Citigroup dropped their price objective on KLA from $960.00 to $900.00 and set a “buy” rating on the stock in a research note on Monday, September 16th. Susquehanna decreased their target price on shares of KLA from $680.00 to $675.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. Finally, TD Cowen lowered their target price on shares of KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $809.10.

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.