West Oak Capital LLC Sells 235 Shares of KLA Co. (NASDAQ:KLAC)

West Oak Capital LLC trimmed its holdings in shares of KLA Co. (NASDAQ:KLAC) by 58.8% during the fourth quarter, HoldingsChannel reports. The fund owned 165 shares of the semiconductor company’s stock after selling 235 shares during the quarter. West Oak Capital LLC’s holdings in KLA were worth $104,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Legacy Investment Solutions LLC bought a new stake in shares of KLA in the 3rd quarter valued at $29,000. Groupama Asset Managment boosted its position in shares of KLA by 82.3% during 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 KLA in the third quarter valued at approximately $38,000. FSA Wealth Management LLC bought a new stake in KLA during the 3rd quarter valued at $53,000. Finally, Peterson Financial Group Inc. bought a new stake in shares of KLA during the third quarter worth about $56,000. Institutional investors own 86.65% of the company’s stock.

KLA Trading Down 0.5 %

Shares of KLAC stock traded down $3.14 during trading hours on Friday, reaching $683.06. The company’s stock had a trading volume of 1,254,451 shares, compared to its average volume of 1,177,575. The stock has a market capitalization of $91.37 billion, a P/E ratio of 31.19, a P/E/G ratio of 1.39 and a beta of 1.27. The firm’s fifty day simple moving average is $649.99 and its 200 day simple moving average is $730.29. KLA Co. has a one year low of $549.63 and a one year high of $896.32. The company has a current ratio of 2.13, a quick ratio of 1.48 and a debt-to-equity ratio of 1.65.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share for the quarter, beating the consensus estimate of $7.03 by $0.30. The business had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.75 billion. KLA had a return on equity of 105.16% and a net margin of 28.92%. The business’s revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the firm posted $5.74 EPS. Equities research analysts expect that KLA Co. will post 30.61 EPS for the current year.

KLA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th were paid a $1.70 dividend. This is a boost from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend was Monday, November 18th. KLA’s dividend payout ratio is currently 31.05%.

Analysts Set New Price Targets

Several brokerages have weighed in on KLAC. Needham & Company LLC restated a “hold” rating on shares of KLA in a research note on Thursday, October 31st. StockNews.com cut shares of KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. TD Cowen lowered their price objective on KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a research note on Thursday, October 31st. The Goldman Sachs Group dropped their target price on KLA from $850.00 to $759.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Wells Fargo & Company decreased their price target on KLA from $870.00 to $800.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $812.47.

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.