Kovitz Investment Group Partners LLC lowered its stake in KLA Co. (NASDAQ:KLAC – Free Report) by 5.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,861 shares of the semiconductor company’s stock after selling 112 shares during the period. Kovitz Investment Group Partners LLC’s holdings in KLA were worth $854,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of KLAC. Resurgent Financial Advisors LLC bought a new position in shares of KLA during the fourth quarter valued at about $25,000. Northwest Capital Management Inc bought a new position in KLA during the 2nd quarter valued at approximately $26,000. OFI Invest Asset Management purchased a new stake in KLA in the 3rd quarter worth approximately $26,000. Cornerstone Planning Group LLC purchased a new position in shares of KLA during the second quarter valued at approximately $29,000. Finally, Quarry LP increased its stake in shares of KLA by 118.9% during the first quarter. Quarry LP now owns 81 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 44 shares during the period. Institutional investors own 85.49% of the company’s stock.
KLA Price Performance
KLAC opened at $649.80 on Monday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.25 and a current ratio of 1.91. The company’s 50-day simple moving average is $580.76 and its two-hundred day simple moving average is $523.81. KLA Co. has a 52-week low of $355.88 and a 52-week high of $658.78. The stock has a market capitalization of $87.87 billion, a P/E ratio of 33.00, a P/E/G ratio of 3.13 and a beta of 1.33.
KLA Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Monday, February 19th will be issued a dividend of $1.45 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $5.80 dividend on an annualized basis and a yield of 0.89%. KLA’s dividend payout ratio is currently 29.46%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the stock. Redburn Atlantic assumed coverage on shares of KLA in a research note on Wednesday, November 22nd. They set a “neutral” rating and a $550.00 target price on the stock. Susquehanna lowered KLA from a “positive” rating to a “neutral” rating and lifted their price target for the company from $640.00 to $675.00 in a research report on Monday, January 29th. New Street Research started coverage on KLA in a report on Monday, December 18th. They issued a “buy” rating and a $730.00 price objective for the company. Barclays lifted their price target on shares of KLA from $500.00 to $550.00 and gave the company an “underweight” rating in a research report on Friday, January 26th. Finally, Morgan Stanley cut their price objective on shares of KLA from $529.00 to $500.00 and set an “equal weight” rating on the stock in a report on Thursday, October 26th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $607.50.
KLA Corporation designs, manufactures, and markets 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, Display and Component Inspection.
- Five stocks we like better than KLA
- What is the S&P 500 and How It is Distinct from Other Indexes
- Uber quadruples EPS estimates, but is growth decelerating?
- Financial Services Stocks Investing
- 3 stocks set to benefit from record Valentine’s Day spending
- How to Invest in Social Media
- Tradeweb is a disruptive pure play on financial market liquidity
Receive News & Ratings for KLA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLA and related companies with MarketBeat.com's FREE daily email newsletter.