TD Private Client Wealth LLC Reduces Position in KLA Co. (NASDAQ:KLAC)

TD Private Client Wealth LLC lessened its position in shares of KLA Co. (NASDAQ:KLAC) by 14.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,970 shares of the semiconductor company’s stock after selling 510 shares during the quarter. TD Private Client Wealth LLC’s holdings in KLA were worth $1,871,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in KLAC. Parnassus Investments LLC grew its stake in KLA by 381.3% during the 4th quarter. Parnassus Investments LLC now owns 733,328 shares of the semiconductor company’s stock worth $462,085,000 after buying an additional 580,967 shares during the last quarter. Proficio Capital Partners LLC grew its stake in KLA by 114,444.5% during the 4th quarter. Proficio Capital Partners LLC now owns 342,488 shares of the semiconductor company’s stock worth $215,809,000 after buying an additional 342,189 shares during the last quarter. Two Sigma Advisers LP grew its stake in KLA by 10,766.7% during the 3rd quarter. Two Sigma Advisers LP now owns 228,200 shares of the semiconductor company’s stock worth $176,720,000 after buying an additional 226,100 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of KLA in the 4th quarter valued at approximately $142,221,000. Finally, Assenagon Asset Management S.A. grew its stake in shares of KLA by 84.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 441,053 shares of the semiconductor company’s stock valued at $277,916,000 after purchasing an additional 201,649 shares during the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. The Goldman Sachs Group lifted their target price on KLA from $759.00 to $864.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Wells Fargo & Company lifted their target price on KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. UBS Group lifted their target price on KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. Susquehanna lifted their target price on KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Finally, Barclays lifted their target price on KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $830.67.

KLA Stock Performance

Shares of KLAC stock opened at $706.49 on Friday. The stock has a fifty day moving average price of $729.52 and a 200 day moving average price of $703.53. The stock has a market cap of $93.88 billion, a PE ratio of 29.71, a P/E/G ratio of 1.57 and a beta of 1.30. KLA Co. has a 1 year low of $609.40 and a 1 year 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.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts forecast that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Dividend Announcement

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