KLA Co. (NASDAQ:KLAC) Shares Sold by Tiemann Investment Advisors LLC

Tiemann Investment Advisors LLC lessened its holdings in shares of KLA Co. (NASDAQ:KLAC) by 8.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 537 shares of the semiconductor company’s stock after selling 50 shares during the quarter. Tiemann Investment Advisors LLC’s holdings in KLA were worth $338,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Legacy Investment Solutions LLC purchased a new stake in KLA in the 3rd quarter valued at about $29,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of KLA during the 4th quarter worth about $32,000. Groupama Asset Managment boosted its position in shares of KLA by 82.3% in the third quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 2,038 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in KLA in the third quarter valued at approximately $38,000. Finally, Fairfield Financial Advisors LTD increased its position in KLA by 160.0% during the fourth quarter. Fairfield Financial Advisors LTD now owns 65 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 40 shares during the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Morgan Stanley lifted their price target on shares of KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. Wells Fargo & Company increased their target price on KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Cantor Fitzgerald boosted their price target on KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft upped their price target on KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, Needham & Company LLC lifted their price objective on shares of KLA from $800.00 to $830.00 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 thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, KLA has an average rating of “Moderate Buy” and an average price target of $831.68.

KLA Trading Up 2.8 %

NASDAQ:KLAC opened at $711.29 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 52 week low of $609.40 and a 52 week high of $896.32. The business’s 50 day moving average is $722.21 and its two-hundred day moving average is $710.04. The company has a market cap of $94.52 billion, a PE ratio of 29.91, a P/E/G ratio of 1.57 and a beta of 1.30.

KLA (NASDAQ:KLAC) last posted its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS 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%. On average, analysts predict 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 given a $1.70 dividend. The ex-dividend date was Monday, February 24th. This represents a $6.80 annualized dividend and a yield of 0.96%. KLA’s dividend payout ratio is presently 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.