OneDigital Investment Advisors LLC Sells 235 Shares of KLA Co. (NASDAQ:KLAC)

OneDigital Investment Advisors LLC trimmed its holdings in KLA Co. (NASDAQ:KLAC) by 6.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,264 shares of the semiconductor company’s stock after selling 235 shares during the period. OneDigital Investment Advisors LLC’s holdings in KLA were worth $2,057,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Tower Research Capital LLC TRC raised its holdings in KLA by 139.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 18,895 shares of the semiconductor company’s stock valued at $11,906,000 after acquiring an additional 11,012 shares in the last quarter. Transce3nd LLC bought a new position in shares of KLA in the fourth quarter worth $423,000. Kayne Anderson Rudnick Investment Management LLC raised its stake in KLA by 5.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 26,272 shares of the semiconductor company’s stock valued at $16,555,000 after purchasing an additional 1,249 shares in the last quarter. MetLife Investment Management LLC lifted its position in KLA by 0.6% during the fourth quarter. MetLife Investment Management LLC now owns 41,362 shares of the semiconductor company’s stock worth $26,063,000 after purchasing an additional 267 shares during the period. Finally, Norinchukin Bank The grew its stake in KLA by 7.4% during the fourth quarter. Norinchukin Bank The now owns 7,130 shares of the semiconductor company’s stock worth $4,493,000 after buying an additional 489 shares in the last quarter. 86.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on KLAC shares. Morgan Stanley raised shares of KLA from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $748.00 to $870.00 in a report on Monday, March 31st. The Goldman Sachs Group upped their target price on KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Citigroup decreased their price target on KLA from $910.00 to $800.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. Stifel Nicolaus dropped their price objective on KLA from $825.00 to $750.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $725.00 target price (down previously from $875.00) on shares of KLA in a research report on Friday, March 28th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $804.67.

Insider Transactions at KLA

In other KLA news, CFO Bren D. Higgins sold 7,008 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $724.62, for a total value of $5,078,136.96. Following the completion of the sale, the chief financial officer now owns 28,798 shares of the company’s stock, valued at approximately $20,867,606.76. This trade represents a 19.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.12% of the company’s stock.

KLA Price Performance

Shares of NASDAQ:KLAC opened at $657.11 on Thursday. The firm has a market cap of $87.32 billion, a PE ratio of 27.63, a price-to-earnings-growth ratio of 1.57 and a beta of 1.37. KLA Co. has a 52 week low of $551.33 and a 52 week high of $896.32. The firm’s fifty day moving average is $688.11 and its 200-day moving average is $687.99. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36.

KLA (NASDAQ:KLAC) last released its quarterly earnings results 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%. Sell-side analysts predict that KLA Co. will post 31.59 earnings per share for the current year.

KLA Dividend Announcement

The firm also recently declared 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. This represents a $6.80 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date was Monday, February 24th. KLA’s payout ratio is 28.60%.

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.