KLA Co. (NASDAQ:KLAC) Shares Sold by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC trimmed its holdings in KLA Co. (NASDAQ:KLAC) by 8.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 795 shares of the semiconductor company’s stock after selling 71 shares during the period. Transcend Capital Advisors LLC’s holdings in KLA were worth $501,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in KLAC. Legacy Investment Solutions LLC acquired a new stake in KLA in the 3rd quarter valued at about $29,000. Groupama Asset Managment grew its stake in KLA by 82.3% in the 3rd quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 2,038 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in KLA in the 3rd quarter valued at about $38,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in KLA in the 4th quarter valued at about $43,000. Finally, Ameliora Wealth Management Ltd. acquired a new stake in KLA in the 4th quarter valued at about $47,000. 86.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on KLAC shares. Cantor Fitzgerald increased their price objective on shares of KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Susquehanna boosted their price objective on shares of KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Oppenheimer upgraded shares of KLA from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $750.00 to $850.00 in a research report on Thursday, October 31st. Barclays boosted their price target on KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Finally, Wells Fargo & Company raised their price objective on KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, KLA has an average rating of “Moderate Buy” and an average target price of $831.68.

KLA Trading Down 3.0 %

Shares of NASDAQ KLAC opened at $754.30 on Friday. The stock’s 50 day moving average price is $708.55 and its two-hundred day moving average price is $715.83. KLA Co. has a 52-week low of $609.40 and a 52-week high of $896.32. The stock has a market capitalization of $100.24 billion, a P/E ratio of 31.72, a PEG ratio of 1.57 and a beta of 1.28. 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 (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) 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%. On average, analysts anticipate that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Dividend Announcement

The company 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 dividend of $1.70 per share. This represents a $6.80 annualized dividend and a yield of 0.90%. The ex-dividend date is 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.