Oarsman Capital Inc. Has $40,000 Holdings in KLA Co. (NASDAQ:KLAC)

Oarsman Capital Inc. trimmed its holdings in KLA Co. (NASDAQ:KLAC) by 32.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 64 shares of the semiconductor company’s stock after selling 31 shares during the period. Oarsman Capital Inc.’s holdings in KLA were worth $40,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Resona Asset Management Co. Ltd. acquired a new stake in KLA during the fourth quarter worth about $24,840,000. Wells Fargo & Company MN boosted its position in shares of KLA by 17.6% during the 4th quarter. Wells Fargo & Company MN now owns 258,456 shares of the semiconductor company’s stock worth $162,858,000 after acquiring an additional 38,628 shares in the last quarter. Landscape Capital Management L.L.C. bought a new position in KLA in the fourth quarter valued at approximately $1,951,000. World Investment Advisors raised its position in KLA by 105.0% during the fourth quarter. World Investment Advisors now owns 820 shares of the semiconductor company’s stock valued at $517,000 after purchasing an additional 420 shares in the last quarter. Finally, Huntington National Bank lifted its stake in KLA by 0.7% during the fourth quarter. Huntington National Bank now owns 19,599 shares of the semiconductor company’s stock worth $12,350,000 after purchasing an additional 133 shares during the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Trading Down 7.1 %

NASDAQ KLAC opened at $576.53 on Monday. The firm has a market capitalization of $76.61 billion, a PE ratio of 24.24, a P/E/G ratio of 1.57 and a beta of 1.37. The stock’s 50 day moving average is $716.60 and its 200 day moving average is $699.57. KLA Co. has a twelve month low of $546.54 and a twelve month high of $896.32. 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 earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, beating 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%. Research analysts forecast that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were given a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Monday, February 24th. KLA’s dividend payout ratio (DPR) is 28.60%.

Analysts Set New Price Targets

KLAC has been the subject of several research reports. Barclays increased their price objective on shares of KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Cantor Fitzgerald increased their price target on KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Jefferies Financial Group restated a “hold” rating and set a $725.00 price objective (down previously from $875.00) on shares of KLA in a research report on Friday, March 28th. Deutsche Bank Aktiengesellschaft increased their target price on KLA from $725.00 to $850.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Finally, Susquehanna lifted their price target on KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, KLA has an average rating of “Moderate Buy” and an average target price of $832.17.

Insider Buying and Selling at KLA

In related news, CFO Bren D. Higgins sold 7,008 shares of KLA stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $724.62, for a total value of $5,078,136.96. Following the completion of the sale, the chief financial officer now owns 28,798 shares of the company’s stock, valued at $20,867,606.76. The trade was a 19.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.12% of the company’s stock.

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.