KLA Co. (NASDAQ:KLAC) Shares Sold by Freedom Day Solutions LLC

Freedom Day Solutions LLC cut its stake in KLA Co. (NASDAQ:KLAC) by 6.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,333 shares of the semiconductor company’s stock after selling 150 shares during the quarter. Freedom Day Solutions LLC’s holdings in KLA were worth $1,470,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Hutchens & Kramer Investment Management Group LLC lifted its holdings in KLA by 3.3% in the fourth quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company’s stock valued at $259,000 after acquiring an additional 13 shares during the period. Richardson Financial Services Inc. raised its stake in shares of KLA by 5.9% during the 4th quarter. Richardson Financial Services Inc. now owns 253 shares of the semiconductor company’s stock worth $160,000 after buying an additional 14 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of KLA by 6.5% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 246 shares of the semiconductor company’s stock worth $155,000 after buying an additional 15 shares during the period. Catalyst Financial Partners LLC raised its stake 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 worth $476,000 after buying an additional 15 shares during the period. Finally, Harbor Capital Advisors Inc. raised its stake in shares of KLA by 1.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,433 shares of the semiconductor company’s stock worth $1,110,000 after buying an additional 16 shares during the period. 86.65% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Wells Fargo & Company upped their target price on KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Stifel Nicolaus upped their target price on KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Morgan Stanley upped their target price on KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a research note on Monday, February 3rd. Susquehanna upped their target price on KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Finally, StockNews.com downgraded KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, KLA currently has an average rating of “Moderate Buy” and an average price target of $831.68.

KLA Stock Up 2.2 %

Shares of NASDAQ:KLAC opened at $774.75 on Thursday. 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 business has a fifty day moving average of $701.40 and a two-hundred day moving average of $714.62. The stock has a market cap of $102.96 billion, a P/E ratio of 32.58, a PEG ratio of 1.52 and a beta of 1.28. KLA Co. has a 52-week low of $609.40 and a 52-week high of $896.32.

KLA (NASDAQ:KLAC) last issued its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. On average, research analysts expect that KLA Co. will post 31.59 earnings per share for the current year.

KLA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th will be paid a $1.70 dividend. This represents a $6.80 annualized dividend and a dividend yield of 0.88%. The ex-dividend date is Monday, February 24th. KLA’s dividend payout ratio (DPR) is presently 28.60%.

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.