TD Private Client Wealth LLC Lowers Stock Holdings in KLA Co. (NASDAQ:KLAC)

TD Private Client Wealth LLC lowered its holdings in KLA Co. (NASDAQ:KLAC) by 14.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,970 shares of the semiconductor company’s stock after selling 510 shares during the period. TD Private Client Wealth LLC’s holdings in KLA were worth $1,871,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Swedbank AB grew its position in shares of KLA by 0.4% in the third quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock valued at $426,660,000 after purchasing an additional 2,019 shares during the period. Diversify Advisory Services LLC grew its position in shares of KLA by 22.7% in the fourth quarter. Diversify Advisory Services LLC now owns 648 shares of the semiconductor company’s stock valued at $443,000 after purchasing an additional 120 shares during the period. Daiwa Securities Group Inc. grew its position in shares of KLA by 14.1% in the third quarter. Daiwa Securities Group Inc. now owns 33,215 shares of the semiconductor company’s stock valued at $25,722,000 after purchasing an additional 4,112 shares during the period. Hennion & Walsh Asset Management Inc. grew its position in shares of KLA by 27.6% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 9,778 shares of the semiconductor company’s stock valued at $6,161,000 after purchasing an additional 2,112 shares during the period. Finally, Milestone Asset Management LLC purchased a new stake in KLA during the fourth quarter valued at about $1,563,000. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Analyst Upgrades and Downgrades

KLAC has been the subject of a number of research reports. Cantor Fitzgerald boosted their price target on KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. StockNews.com downgraded KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Barclays boosted their price target on KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Wells Fargo & Company boosted their price target on KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, The Goldman Sachs Group boosted their price target on KLA from $759.00 to $864.00 and gave the company a “buy” rating in a research report 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 data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $830.67.

KLA Trading Down 1.4 %

NASDAQ:KLAC opened at $706.49 on Friday. 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 Co. has a one year low of $609.40 and a one year high of $896.32. The business’s 50-day simple moving average is $729.52 and its 200 day simple moving average is $703.53. The stock has a market cap of $93.88 billion, a price-to-earnings ratio of 29.71, a price-to-earnings-growth ratio of 1.57 and a beta of 1.30.

KLA (NASDAQ:KLAC) last released its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, topping 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%. As a group, sell-side analysts predict that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were paid a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Monday, February 24th. KLA’s payout ratio is currently 28.60%.

About KLA

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.