Mission Wealth Management LP Sells 26 Shares of KLA Co. (NASDAQ:KLAC)

Mission Wealth Management LP decreased its holdings in KLA Co. (NASDAQ:KLAC) by 2.1% in the fourth quarter, Holdings Channel reports. The fund owned 1,191 shares of the semiconductor company’s stock after selling 26 shares during the quarter. Mission Wealth Management LP’s holdings in KLA were worth $750,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in KLAC. Swedbank AB raised its position in KLA by 0.4% in the 3rd quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock worth $426,660,000 after purchasing an additional 2,019 shares during the period. Diversify Advisory Services LLC raised its position in KLA by 22.7% in the 4th quarter. Diversify Advisory Services LLC now owns 648 shares of the semiconductor company’s stock worth $443,000 after purchasing an additional 120 shares during the period. ING Groep NV raised its position in KLA by 52.4% in the 3rd quarter. ING Groep NV now owns 79,763 shares of the semiconductor company’s stock worth $61,769,000 after purchasing an additional 27,436 shares during the period. Daiwa Securities Group Inc. raised its position in KLA by 14.1% in the 3rd quarter. Daiwa Securities Group Inc. now owns 33,215 shares of the semiconductor company’s stock worth $25,722,000 after purchasing an additional 4,112 shares during the period. Finally, Versor Investments LP purchased a new stake in KLA in the 3rd quarter worth about $1,008,000. Institutional investors own 86.65% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on KLAC shares. The Goldman Sachs Group increased their price objective on shares of KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Susquehanna increased their price objective on shares of KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. UBS Group raised their target price on shares of KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. StockNews.com lowered shares of KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $831.68.

KLA Price Performance

NASDAQ KLAC opened at $699.00 on Wednesday. The company has a market cap of $92.89 billion, a PE ratio of 29.39, a P/E/G ratio of 1.57 and a beta of 1.28. KLA Co. has a 52-week low of $609.40 and a 52-week high of $896.32. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36. The firm’s 50 day moving average price is $718.70 and its 200-day moving average price is $712.43.

KLA (NASDAQ:KLAC) last announced its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, beating the consensus estimate of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%. Sell-side analysts forecast that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were paid a $1.70 dividend. The ex-dividend date was Monday, February 24th. This represents a $6.80 annualized dividend and a yield of 0.97%. KLA’s dividend payout ratio (DPR) is 28.60%.

KLA 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.