Greenwich Wealth Management LLC Trims Stock Position in KLA Co. (NASDAQ:KLAC)

Greenwich Wealth Management LLC trimmed its stake in KLA Co. (NASDAQ:KLAC) by 63.1% in the 4th quarter, HoldingsChannel reports. The firm owned 508 shares of the semiconductor company’s stock after selling 870 shares during the quarter. Greenwich Wealth Management LLC’s holdings in KLA were worth $320,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new stake in KLA in the third quarter worth about $29,000. Tortoise Investment Management LLC raised its position in shares of KLA by 300.0% in the 4th quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 36 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of KLA in the 4th quarter valued at approximately $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 valued at $35,000 after purchasing an additional 2,038 shares in the last quarter. Finally, Fairfield Financial Advisors LTD grew its stake in KLA by 160.0% in the fourth quarter. Fairfield Financial Advisors LTD now owns 65 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 40 shares during the period. Institutional investors own 86.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Wells Fargo & Company boosted their target price on shares of KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Susquehanna upped their price objective on shares of KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Morgan Stanley lifted their target price on shares of KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. StockNews.com downgraded KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Finally, The Goldman Sachs Group lifted their price objective on KLA from $759.00 to $864.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Seven 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.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $830.67.

KLA Price Performance

Shares of KLAC opened at $713.00 on Monday. The firm has a market cap of $94.75 billion, a PE ratio of 29.98, a P/E/G ratio of 1.57 and a beta of 1.30. KLA Co. has a 1-year low of $609.40 and a 1-year 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. The firm has a fifty day simple moving average of $726.81 and a two-hundred day simple moving average of $705.71.

KLA (NASDAQ:KLAC) last posted its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share 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%. On average, equities analysts anticipate that KLA Co. will post 31.59 EPS for the current year.

KLA Dividend Announcement

The firm also recently announced 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 of this dividend was Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a yield of 0.95%. KLA’s dividend payout ratio is currently 28.60%.

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.