GM Advisory Group LLC Sells 15 Shares of KLA Co. (NASDAQ:KLAC)

GM Advisory Group LLC reduced its holdings in shares of KLA Co. (NASDAQ:KLAC) by 0.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,585 shares of the semiconductor company’s stock after selling 15 shares during the quarter. GM Advisory Group LLC’s holdings in KLA were worth $2,259,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in KLAC. Legacy Investment Solutions LLC bought a new position in shares of KLA during the 3rd quarter worth approximately $29,000. Tortoise Investment Management LLC grew its stake in shares of KLA by 300.0% during the 4th quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 36 shares in the last quarter. TCTC Holdings LLC bought a new position in shares of KLA in the fourth quarter valued at $31,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of KLA in the fourth quarter valued at $32,000. Finally, Groupama Asset Managment grew its stake in shares of KLA by 82.3% in the third quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 2,038 shares in the last quarter. 86.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on KLAC shares. Deutsche Bank Aktiengesellschaft raised their target price on shares of KLA from $725.00 to $850.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Barclays raised their target price on shares of KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Needham & Company LLC raised their target price on shares of KLA from $800.00 to $830.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Wells Fargo & Company raised their target price on shares of KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, Stifel Nicolaus raised their target price on shares of KLA from $800.00 to $825.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $830.67.

KLA Stock Down 1.2 %

KLAC opened at $710.00 on Wednesday. KLA Co. has a fifty-two week low of $609.40 and a fifty-two week high of $896.32. 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 company has a market capitalization of $94.35 billion, a P/E ratio of 29.86, a P/E/G ratio of 1.57 and a beta of 1.30. The stock has a fifty day moving average of $727.78 and a 200-day moving average of $704.39.

KLA (NASDAQ:KLAC) last posted its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share 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%. On average, equities analysts expect that KLA Co. will post 31.59 EPS for the current year.

KLA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Monday, February 24th were paid a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Monday, February 24th. KLA’s dividend payout ratio (DPR) is presently 28.60%.

About KLA

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.