Lindbrook Capital LLC Reduces Stake in KLA Co. (NASDAQ:KLAC)

Lindbrook Capital LLC lessened its stake in KLA Co. (NASDAQ:KLAC) by 8.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,628 shares of the semiconductor company’s stock after selling 244 shares during the period. Lindbrook Capital LLC’s holdings in KLA were worth $1,656,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of KLAC. Legacy Investment Solutions LLC purchased a new stake in KLA in the 3rd quarter worth approximately $29,000. Kohmann Bosshard Financial Services LLC purchased a new stake in KLA in the 4th quarter worth approximately $32,000. Groupama Asset Managment boosted its position in KLA by 82.3% in the 3rd quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 2,038 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in KLA in the 3rd quarter worth approximately $38,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in KLA in the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on KLAC shares. Wells Fargo & Company upped their price objective on KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft upped their target price on KLA from $725.00 to $850.00 and gave the stock a “buy” 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. Cantor Fitzgerald upped their target price on KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Finally, 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. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, KLA has an average rating of “Moderate Buy” and an average price target of $831.68.

KLA Stock Up 2.4 %

Shares of KLAC opened at $715.81 on Thursday. KLA Co. has a 52-week low of $609.40 and a 52-week high of $896.32. The company has a market capitalization of $95.12 billion, a PE ratio of 30.10, a price-to-earnings-growth ratio of 1.57 and a beta of 1.28. The stock has a fifty day simple moving average of $720.01 and a two-hundred day simple moving average of $712.45. 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 (NASDAQ:KLAC) last issued its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) 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%. As a group, equities analysts forecast that KLA Co. will post 31.59 EPS for the current year.

KLA Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend was Monday, February 24th. KLA’s dividend payout ratio (DPR) is presently 28.60%.

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.