Signaturefd LLC Trims Position in KLA Co. (NASDAQ:KLAC)

Signaturefd LLC cut its position in KLA Co. (NASDAQ:KLAC) by 4.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,917 shares of the semiconductor company’s stock after selling 94 shares during the period. Signaturefd LLC’s holdings in KLA were worth $1,208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new position in shares of KLA during the third quarter worth $29,000. Tortoise Investment Management LLC boosted its position in shares of KLA by 300.0% during the fourth quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 36 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of KLA during the fourth quarter worth $32,000. Groupama Asset Managment boosted its position in shares of KLA by 82.3% during the third quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 2,038 shares during the last quarter. Finally, Fairfield Financial Advisors LTD boosted its position in shares of KLA by 160.0% during the fourth quarter. Fairfield Financial Advisors LTD now owns 65 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 40 shares during the last quarter. 86.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KLAC has been the subject of a number of research reports. StockNews.com lowered shares of KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Wells Fargo & Company upped their target price on shares of KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Morgan Stanley increased their price objective on shares of KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a research report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of KLA from $725.00 to $850.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Finally, Barclays increased their price objective on shares of KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, KLA presently has a consensus rating of “Moderate Buy” and a consensus price target of $830.67.

KLA Price Performance

KLA stock opened at $710.00 on Wednesday. The firm has a 50-day moving average price of $727.78 and a 200-day moving average price of $704.39. The firm has a market capitalization of $94.35 billion, a PE ratio of 29.86, a price-to-earnings-growth ratio of 1.57 and a beta of 1.30. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. KLA Co. has a 12-month low of $609.40 and a 12-month high of $896.32.

KLA (NASDAQ:KLAC) last released its earnings results 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 net margin of 29.58% and a return on equity of 108.60%. As a group, equities research analysts forecast that KLA Co. will post 31.59 EPS for the current year.

KLA Announces Dividend

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 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Monday, February 24th. KLA’s dividend payout ratio 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.