Campbell & CO Investment Adviser LLC Sells 1,162 Shares of KLA Co. (NASDAQ:KLAC)

Campbell & CO Investment Adviser LLC decreased its position in shares of KLA Co. (NASDAQ:KLACFree Report) by 48.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,231 shares of the semiconductor company’s stock after selling 1,162 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in KLA were worth $565,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in KLAC. Proficio Capital Partners LLC lifted its holdings in shares of KLA by 4.7% in the 3rd quarter. Proficio Capital Partners LLC now owns 466 shares of the semiconductor company’s stock valued at $214,000 after acquiring an additional 21 shares during the last quarter. Paragon Private Wealth Management LLC lifted its holdings in shares of KLA by 2.4% in the 2nd quarter. Paragon Private Wealth Management LLC now owns 963 shares of the semiconductor company’s stock valued at $467,000 after acquiring an additional 23 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in shares of KLA by 5.7% in the 3rd quarter. Global Retirement Partners LLC now owns 427 shares of the semiconductor company’s stock valued at $197,000 after acquiring an additional 23 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its holdings in shares of KLA by 2.5% in the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 947 shares of the semiconductor company’s stock valued at $434,000 after acquiring an additional 23 shares during the last quarter. Finally, Bristlecone Advisors LLC lifted its holdings in shares of KLA by 0.8% in the 2nd quarter. Bristlecone Advisors LLC now owns 2,859 shares of the semiconductor company’s stock valued at $1,387,000 after acquiring an additional 24 shares during the last quarter. Hedge funds and other institutional investors own 85.49% of the company’s stock.

Wall Street Analysts Forecast Growth

KLAC has been the subject of a number of analyst reports. New Street Research initiated coverage on shares of KLA in a report on Monday, December 18th. They issued a “buy” rating and a $730.00 price target for the company. Redburn Atlantic began coverage on shares of KLA in a research note on Wednesday, November 22nd. They issued a “neutral” rating and a $550.00 price objective for the company. Barclays raised their price objective on shares of KLA from $500.00 to $550.00 and gave the stock an “underweight” rating in a research note on Friday, January 26th. Cantor Fitzgerald reissued a “neutral” rating and issued a $625.00 price objective on shares of KLA in a research note on Monday. Finally, The Goldman Sachs Group raised their price objective on shares of KLA from $560.00 to $640.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, KLA has a consensus rating of “Hold” and a consensus price target of $607.50.

Check Out Our Latest Stock Report on KLAC

KLA Stock Performance

Shares of NASDAQ:KLAC opened at $648.05 on Tuesday. The firm has a market cap of $87.64 billion, a PE ratio of 32.91, a price-to-earnings-growth ratio of 3.13 and a beta of 1.33. The firm’s 50 day simple moving average is $582.93 and its 200-day simple moving average is $524.98. KLA Co. has a one year low of $355.88 and a one year high of $658.78. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.25 and a current ratio of 1.91.

KLA (NASDAQ:KLACGet Free Report) last issued its earnings results on Thursday, January 25th. The semiconductor company reported $6.16 EPS for the quarter, topping analysts’ consensus estimates of $5.91 by $0.25. The business had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.46 billion. KLA had a net margin of 27.98% and a return on equity of 107.56%. The company’s quarterly revenue was down 16.7% compared to the same quarter last year. During the same period last year, the company posted $7.38 earnings per share. As a group, equities analysts predict that KLA Co. will post 22.88 EPS for the current year.

KLA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Monday, February 19th will be issued a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend is Thursday, February 15th. KLA’s payout ratio is 29.46%.

KLA Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for KLA (NASDAQ:KLAC)

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