Sanctuary Advisors LLC Sells 86 Shares of KLA Co. (NASDAQ:KLAC)

Sanctuary Advisors LLC lowered its stake in shares of KLA Co. (NASDAQ:KLAC) by 0.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,775 shares of the semiconductor company’s stock after selling 86 shares during the period. Sanctuary Advisors LLC’s holdings in KLA were worth $13,721,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Hutchens & Kramer Investment Management Group LLC raised its stake in shares of KLA by 3.3% during the 4th quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company’s stock worth $259,000 after purchasing an additional 13 shares in the last quarter. Richardson Financial Services Inc. raised its stake in shares of KLA by 5.9% during the 4th quarter. Richardson Financial Services Inc. now owns 253 shares of the semiconductor company’s stock worth $160,000 after purchasing an additional 14 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of KLA by 6.5% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 246 shares of the semiconductor company’s stock worth $155,000 after purchasing an additional 15 shares in the last quarter. Catalyst Financial Partners LLC raised its stake in shares of KLA by 2.0% during the 4th quarter. Catalyst Financial Partners LLC now owns 755 shares of the semiconductor company’s stock worth $476,000 after purchasing an additional 15 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in shares of KLA by 1.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,433 shares of the semiconductor company’s stock worth $1,110,000 after purchasing an additional 16 shares in the last quarter. Institutional investors own 86.65% of the company’s stock.

KLA Stock Performance

KLAC opened at $758.25 on Wednesday. The firm has a market cap of $100.76 billion, a P/E ratio of 31.89, a price-to-earnings-growth ratio of 1.54 and a beta of 1.28. KLA Co. has a 52-week low of $609.40 and a 52-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 business’s fifty day moving average is $699.08 and its 200-day moving average is $714.19.

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 return on equity of 108.60% and a net margin of 29.58%. Sell-side analysts expect that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Monday, February 24th will be given a dividend of $1.70 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $6.80 annualized dividend and a dividend yield of 0.90%. KLA’s dividend payout ratio is currently 28.60%.

Analyst Ratings Changes

A number of research firms recently weighed in on KLAC. Needham & Company LLC boosted their target price on KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a report on Friday, January 31st. StockNews.com lowered KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Morgan Stanley boosted their target price on KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a report on Monday, February 3rd. Stifel Nicolaus boosted their target price on KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, Oppenheimer raised KLA from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $750.00 to $850.00 in a report on Thursday, October 31st. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, KLA currently has an average rating of “Moderate Buy” and an average 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.