KLA Co. (NASDAQ:KLAC) Shares Sold by Human Investing LLC

Human Investing LLC decreased its holdings in KLA Co. (NASDAQ:KLAC) by 39.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 193 shares of the semiconductor company’s stock after selling 125 shares during the quarter. Human Investing LLC’s holdings in KLA were worth $122,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in KLAC. Legacy Investment Solutions LLC acquired a new stake in shares of KLA in the 3rd quarter worth $29,000. Groupama Asset Managment boosted its position in shares of KLA by 82.3% in the 3rd quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 2,038 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of KLA in the 3rd quarter worth $38,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in KLA in the 4th quarter worth $43,000. Finally, Ameliora Wealth Management Ltd. purchased a new position in KLA in the 4th quarter worth $47,000. Institutional investors and hedge funds own 86.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on KLAC shares. UBS Group raised their target price on KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft raised their target price on KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. 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 note on Monday, February 3rd. Barclays raised their target price on KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Finally, The Goldman Sachs Group raised 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. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $831.68.

KLA Price Performance

Shares of KLA stock opened at $750.74 on Monday. 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 twelve month low of $609.40 and a twelve month high of $896.32. The business has a 50-day moving average price of $697.11 and a 200 day moving average price of $714.99. The firm has a market cap of $99.77 billion, a PE ratio of 31.57, a P/E/G ratio of 1.54 and a beta of 1.28.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (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%. Sell-side analysts predict that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th will be issued a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Monday, February 24th. KLA’s dividend 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.