Lindbrook Capital LLC Lowers Position in KLA Co. (NASDAQ:KLAC)

Lindbrook Capital LLC cut its holdings in shares of KLA Co. (NASDAQ:KLAC) by 8.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,628 shares of the semiconductor company’s stock after selling 244 shares during the quarter. Lindbrook Capital LLC’s holdings in KLA were worth $1,656,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Inceptionr LLC boosted its holdings in KLA by 175.7% during the 4th quarter. Inceptionr LLC now owns 1,784 shares of the semiconductor company’s stock valued at $1,124,000 after acquiring an additional 1,137 shares during the period. Raymond James Financial Inc. purchased a new position in KLA during the 4th quarter valued at about $142,221,000. Cullen Frost Bankers Inc. boosted its holdings in KLA by 0.7% during the 4th quarter. Cullen Frost Bankers Inc. now owns 24,560 shares of the semiconductor company’s stock valued at $15,476,000 after acquiring an additional 159 shares during the period. Verdence Capital Advisors LLC boosted its holdings in KLA by 1.0% during the 4th quarter. Verdence Capital Advisors LLC now owns 8,812 shares of the semiconductor company’s stock valued at $5,553,000 after acquiring an additional 90 shares during the period. Finally, Proficio Capital Partners LLC boosted its holdings in KLA by 81.9% during the 4th quarter. Proficio Capital Partners LLC now owns 544 shares of the semiconductor company’s stock valued at $342,000 after acquiring an additional 245 shares during the period. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on KLAC. Barclays raised their target price on KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Susquehanna increased their price target on KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Morgan Stanley increased their price target on KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a research report on Monday, February 3rd. Stifel Nicolaus increased their price target on KLA from $800.00 to $825.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft increased their price target on KLA from $725.00 to $850.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, KLA presently has a consensus rating of “Moderate Buy” and an average target price of $831.68.

KLA Price Performance

Shares of NASDAQ KLAC opened at $715.81 on Thursday. The firm has a market capitalization of $95.12 billion, a PE ratio of 30.10, a price-to-earnings-growth ratio of 1.57 and a beta of 1.28. KLA Co. has a fifty-two week low of $609.40 and a fifty-two week high of $896.32. The stock’s 50-day simple moving average is $720.01 and its 200-day simple moving average is $712.45. 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 released its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 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%. As a group, equities research analysts forecast that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were given a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Monday, February 24th. KLA’s dividend payout ratio (DPR) is 28.60%.

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.