KLA Co. (NASDAQ:KLAC) Position Decreased by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC lowered its holdings in KLA Co. (NASDAQ:KLAC) by 52.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 7,336 shares of the semiconductor company’s stock after selling 8,167 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in KLA were worth $4,623,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. State Street Corp increased its holdings in shares of KLA by 2.5% in the third quarter. State Street Corp now owns 5,979,293 shares of the semiconductor company’s stock valued at $4,630,424,000 after buying an additional 145,317 shares in the last quarter. Mizuho Securities USA LLC raised its position in shares of KLA by 32,828.8% during the third quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock worth $2,647,708,000 after purchasing an additional 3,408,617 shares during the period. Geode Capital Management LLC lifted its holdings in shares of KLA by 3.0% during the third quarter. Geode Capital Management LLC now owns 3,221,694 shares of the semiconductor company’s stock valued at $2,487,971,000 after purchasing an additional 93,743 shares during the last quarter. Van ECK Associates Corp increased its stake in KLA by 25.7% in the 3rd quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock worth $1,083,684,000 after purchasing an additional 286,015 shares in the last quarter. Finally, Alkeon Capital Management LLC raised its holdings in KLA by 5.5% during the 3rd quarter. Alkeon Capital Management LLC now owns 945,835 shares of the semiconductor company’s stock worth $732,464,000 after buying an additional 49,470 shares during the period. 86.65% of the stock is owned by institutional investors and hedge funds.

KLA Stock Performance

Shares of KLAC opened at $774.75 on Thursday. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64. KLA Co. has a 12 month low of $609.40 and a 12 month high of $896.32. The company’s fifty day moving average is $701.40 and its 200-day moving average is $714.62. The firm has a market cap of $102.96 billion, a price-to-earnings ratio of 32.58, a price-to-earnings-growth ratio of 1.52 and a beta of 1.28.

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 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%. Equities analysts expect that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Monday, February 24th will be issued a $1.70 dividend. The ex-dividend date is Monday, February 24th. This represents a $6.80 annualized dividend and a yield of 0.88%. KLA’s dividend payout ratio (DPR) is currently 28.60%.

Analyst Ratings Changes

Several research analysts have commented on KLAC shares. Wells Fargo & Company raised 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. Oppenheimer upgraded shares of KLA from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $750.00 to $850.00 in a research report on Thursday, October 31st. StockNews.com lowered KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Morgan Stanley raised their target price on KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a research report on Monday, February 3rd. Finally, UBS Group increased their price objective on KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.