KLA Co. (NASDAQ:KLAC) Shares Sold by Global Retirement Partners LLC

Global Retirement Partners LLC reduced its position in shares of KLA Co. (NASDAQ:KLAC) by 22.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 536 shares of the semiconductor company’s stock after selling 156 shares during the period. Global Retirement Partners LLC’s holdings in KLA were worth $338,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of KLAC. Swedbank AB grew its position in KLA by 0.4% in the 3rd quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock valued at $426,660,000 after acquiring an additional 2,019 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of KLA by 0.5% in the third quarter. Private Advisor Group LLC now owns 5,750 shares of the semiconductor company’s stock valued at $4,453,000 after purchasing an additional 28 shares in the last quarter. Capital Advisors Ltd. LLC grew its holdings in shares of KLA by 31.5% in the third quarter. Capital Advisors Ltd. LLC now owns 305 shares of the semiconductor company’s stock valued at $236,000 after purchasing an additional 73 shares in the last quarter. Colton Groome Financial Advisors LLC increased its stake in KLA by 6.8% during the 3rd quarter. Colton Groome Financial Advisors LLC now owns 2,903 shares of the semiconductor company’s stock worth $2,248,000 after buying an additional 185 shares during the period. Finally, Inscription Capital LLC lifted its holdings in KLA by 5.5% during the 3rd quarter. Inscription Capital LLC now owns 1,404 shares of the semiconductor company’s stock worth $1,088,000 after buying an additional 73 shares in the last quarter. 86.65% of the stock is owned by institutional investors and hedge funds.

KLA Stock Down 2.2 %

KLA stock opened at $737.57 on Tuesday. The stock has a 50-day simple moving average of $710.18 and a 200-day simple moving average of $715.85. The company has a market capitalization of $98.01 billion, a P/E ratio of 31.02, a PEG 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. KLA Co. has a fifty-two week low of $609.40 and a fifty-two week high of $896.32.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, beating 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%. Equities research analysts expect that KLA Co. will post 31.59 earnings per share for the current year.

KLA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th will be given a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Monday, February 24th. KLA’s payout ratio is currently 28.60%.

Analyst Ratings Changes

Several equities analysts have commented on KLAC shares. 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 note on Tuesday, January 21st. Barclays upped their price target on KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Morgan Stanley lifted their price objective on KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. Needham & Company LLC boosted their price objective on KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Finally, Cantor Fitzgerald raised their target price on shares of KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, KLA presently has an average rating of “Moderate Buy” and a consensus target price of $831.68.

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.