Corient Private Wealth LLC Decreases Stock Holdings in KLA Co. (NASDAQ:KLAC)

Corient Private Wealth LLC reduced its holdings in shares of KLA Co. (NASDAQ:KLAC) by 12.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,574 shares of the semiconductor company’s stock after selling 4,439 shares during the quarter. Corient Private Wealth LLC’s holdings in KLA were worth $19,897,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Hutchens & Kramer Investment Management Group LLC grew its stake in KLA by 3.3% during the fourth quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company’s stock worth $259,000 after buying an additional 13 shares during the period. Richardson Financial Services Inc. grew its stake in KLA by 5.9% during the fourth quarter. Richardson Financial Services Inc. now owns 253 shares of the semiconductor company’s stock worth $160,000 after buying an additional 14 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its stake in KLA by 6.5% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 246 shares of the semiconductor company’s stock worth $155,000 after buying an additional 15 shares during the period. Catalyst Financial Partners LLC grew its stake in KLA by 2.0% during the fourth quarter. Catalyst Financial Partners LLC now owns 755 shares of the semiconductor company’s stock worth $476,000 after buying an additional 15 shares during the period. Finally, Citizens Financial Group Inc. RI grew its stake in KLA by 2.8% during the third quarter. Citizens Financial Group Inc. RI now owns 582 shares of the semiconductor company’s stock worth $451,000 after buying an additional 16 shares during the period. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

KLA Stock Down 1.2 %

Shares of NASDAQ:KLAC opened at $710.00 on Wednesday. The stock has a market capitalization of $94.35 billion, a price-to-earnings ratio of 29.86, a price-to-earnings-growth ratio of 1.57 and a beta of 1.30. KLA Co. has a 1-year low of $609.40 and a 1-year high of $896.32. The company’s fifty day moving average is $727.78 and its two-hundred day moving average is $704.39. 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 issued its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, topping 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%. Equities analysts anticipate that KLA Co. will post 31.59 EPS for the current year.

KLA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Monday, February 24th were issued a $1.70 dividend. The ex-dividend date was Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.96%. KLA’s dividend payout ratio (DPR) is presently 28.60%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. UBS Group upped their target price on shares of KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. Morgan Stanley upped their target price on shares of KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. Wells Fargo & Company upped their target price on shares of KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft upped their target price on shares of KLA from $725.00 to $850.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Finally, The Goldman Sachs Group upped their target price on shares of KLA from $759.00 to $864.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, KLA has an average rating of “Moderate Buy” and an average target price of $830.67.

KLA Company 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.