Ieq Capital LLC Has $2.35 Million Stock Position in KLA Co. (NASDAQ:KLAC)

Ieq Capital LLC lessened its holdings in shares of KLA Co. (NASDAQ:KLAC) by 60.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,721 shares of the semiconductor company’s stock after selling 5,779 shares during the quarter. Ieq Capital LLC’s holdings in KLA were worth $2,345,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Swedbank AB increased its holdings in shares of KLA by 0.4% during the 3rd quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock worth $426,660,000 after acquiring an additional 2,019 shares during the last quarter. Diversify Advisory Services LLC increased its holdings in shares of 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 purchasing an additional 120 shares during the last quarter. ING Groep NV increased its holdings in shares of KLA by 52.4% in the third quarter. ING Groep NV now owns 79,763 shares of the semiconductor company’s stock valued at $61,769,000 after purchasing an additional 27,436 shares during the last quarter. Daiwa Securities Group Inc. raised its position in shares of 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 purchasing an additional 4,112 shares during the period. Finally, Greenwich Wealth Management LLC lifted its stake in shares of KLA by 260.7% during the 3rd quarter. Greenwich Wealth Management LLC now owns 1,378 shares of the semiconductor company’s stock worth $1,067,000 after buying an additional 996 shares during the last quarter. Institutional investors own 86.65% of the company’s stock.

KLA Trading Down 3.0 %

Shares of KLA stock opened at $754.30 on Monday. The stock has a market capitalization of $100.24 billion, a P/E ratio of 31.72, a P/E/G ratio of 1.57 and a beta of 1.28. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36. The stock’s 50-day simple moving average is $708.55 and its 200 day simple moving average is $715.96. KLA Co. has a 52-week low of $609.40 and a 52-week high of $896.32.

KLA (NASDAQ:KLAC) last released its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share 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%. As a group, research analysts anticipate that KLA Co. will post 31.59 EPS for the current year.

KLA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th will be issued a $1.70 dividend. This represents a $6.80 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Monday, February 24th. KLA’s dividend payout ratio is 28.60%.

Analysts Set New Price Targets

Several research firms have weighed in on KLAC. Barclays increased their price objective on KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. The Goldman Sachs Group raised their price objective on shares of KLA from $759.00 to $864.00 and gave the company a “buy” rating in a report on Friday, January 31st. UBS Group boosted their price target on shares of KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. Wells Fargo & Company increased their target price on shares of KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Finally, Needham & Company LLC boosted their target price on shares of KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $831.68.

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.