Trust Investment Advisors Has $739,000 Stake in KLA Co. (NASDAQ:KLAC)

Trust Investment Advisors reduced its stake in KLA Co. (NASDAQ:KLAC) by 8.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,173 shares of the semiconductor company’s stock after selling 115 shares during the period. Trust Investment Advisors’ holdings in KLA were worth $739,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in KLAC. Murphy & Mullick Capital Management Corp bought a new stake in shares of KLA during the fourth quarter worth $183,000. Mitsubishi UFJ Trust & Banking Corp grew its position in KLA by 37.9% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 140,927 shares of the semiconductor company’s stock worth $88,801,000 after acquiring an additional 38,713 shares during the last quarter. Florida Financial Advisors LLC grew its position in KLA by 16.3% during the 4th quarter. Florida Financial Advisors LLC now owns 665 shares of the semiconductor company’s stock worth $419,000 after acquiring an additional 93 shares during the last quarter. Ariadne Wealth Management LP raised its position in KLA by 22.7% in the fourth quarter. Ariadne Wealth Management LP now owns 518 shares of the semiconductor company’s stock valued at $326,000 after purchasing an additional 96 shares during the last quarter. Finally, Modern Wealth Management LLC bought a new position in KLA in the fourth quarter valued at about $206,000. 86.65% of the stock is owned by institutional investors.

KLA Trading Down 0.8 %

Shares of KLA stock opened at $721.85 on Wednesday. The company has a market capitalization of $95.92 billion, a P/E ratio of 30.36, a price-to-earnings-growth ratio of 1.57 and a beta of 1.30. The stock has a fifty day simple moving average of $730.67 and a 200 day simple moving average of $703.37. KLA Co. has a 12-month low of $609.40 and a 12-month high of $896.32. 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 (NASDAQ:KLAC) last announced its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, beating 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%. On average, sell-side analysts anticipate that KLA Co. will post 31.59 earnings per share for the current fiscal 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 issued a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date was Monday, February 24th. KLA’s dividend payout ratio (DPR) is currently 28.60%.

Analyst Ratings Changes

Several research firms recently commented on KLAC. Morgan Stanley lifted their target price on shares of KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a research report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Stifel Nicolaus raised their target price on KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Wells Fargo & Company upped their price target on KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, UBS Group increased their price target on KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $830.67.

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.