Belpointe Asset Management LLC Has $948,000 Holdings in KLA Co. (NASDAQ:KLAC)

Belpointe Asset Management LLC trimmed its holdings in KLA Co. (NASDAQ:KLAC) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,505 shares of the semiconductor company’s stock after selling 30 shares during the period. Belpointe Asset Management LLC’s holdings in KLA were worth $948,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in KLAC. Hutchens & Kramer Investment Management Group LLC increased its stake in KLA by 3.3% in the fourth quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company’s stock valued at $259,000 after acquiring an additional 13 shares during the last quarter. Richardson Financial Services Inc. increased its stake in shares of KLA by 5.9% in the 4th quarter. Richardson Financial Services Inc. now owns 253 shares of the semiconductor company’s stock valued at $160,000 after purchasing an additional 14 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings 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 buying an additional 15 shares in the last quarter. Catalyst Financial Partners LLC lifted its position 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 buying an additional 15 shares during the last quarter. Finally, TFB Advisors LLC grew its position in KLA by 3.4% in the fourth quarter. TFB Advisors LLC now owns 489 shares of the semiconductor company’s stock valued at $308,000 after acquiring an additional 16 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Wells Fargo & Company increased their target price on shares of KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Morgan Stanley upgraded shares of KLA from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $748.00 to $870.00 in a research report on Monday, March 31st. Cantor Fitzgerald increased their price target on KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft increased their target price on KLA from $725.00 to $850.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Finally, UBS Group upped their price target on shares of KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $814.11.

KLA Price Performance

KLAC stock opened at $676.21 on Wednesday. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63. The company’s 50-day moving average is $702.07 and its 200-day moving average is $693.06. The stock has a market capitalization of $89.86 billion, a PE ratio of 28.44, a price-to-earnings-growth ratio of 1.57 and a beta of 1.37. KLA Co. has a 1 year low of $551.33 and a 1 year high of $896.32.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 EPS 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 EPS for the current fiscal year.

KLA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were issued a dividend of $1.70 per share. The ex-dividend date was Monday, February 24th. This represents a $6.80 annualized dividend and a yield of 1.01%. KLA’s payout ratio is 28.60%.

Insider Buying and Selling at KLA

In other KLA news, CFO Bren D. Higgins sold 7,008 shares of KLA stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $724.62, for a total transaction of $5,078,136.96. Following the completion of the transaction, the chief financial officer now owns 28,798 shares in the company, valued at approximately $20,867,606.76. The trade was a 19.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.12% of the company’s stock.

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.