Newman Dignan & Sheerar Inc. Has $691,000 Stock Position in KLA Co. (NASDAQ:KLAC)

Newman Dignan & Sheerar Inc. reduced its holdings in KLA Co. (NASDAQ:KLAC) by 9.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,097 shares of the semiconductor company’s stock after selling 117 shares during the quarter. Newman Dignan & Sheerar Inc.’s holdings in KLA were worth $691,000 as of its most recent SEC filing.

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

KLA Stock Down 1.8 %

KLA stock opened at $750.74 on Friday. KLA Co. has a 1-year low of $609.40 and a 1-year high of $896.32. The firm has a market capitalization of $99.77 billion, a price-to-earnings ratio of 31.57, a price-to-earnings-growth ratio of 1.54 and a beta of 1.28. The firm’s fifty day moving average price is $697.11 and its two-hundred day moving average price is $714.99. 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 released its quarterly earnings data 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 net margin of 29.58% and a return on equity of 108.60%. On average, equities research analysts predict that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th will be paid a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Monday, February 24th. KLA’s dividend payout ratio (DPR) is 28.60%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KLAC. Barclays increased their price objective on shares of KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft increased their price objective on shares of KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. The Goldman Sachs Group increased their price objective on shares of KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. TD Cowen decreased their price objective on shares of KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. Finally, Stifel Nicolaus increased their price objective on shares of KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average 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.