Weaver Capital Management LLC Has $769,000 Stock Position in KLA Co. (NASDAQ:KLAC)

Weaver Capital Management LLC lessened its stake in KLA Co. (NASDAQ:KLAC) by 20.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,220 shares of the semiconductor company’s stock after selling 310 shares during the quarter. Weaver Capital Management LLC’s holdings in KLA were worth $769,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KLAC. Algert Global LLC acquired a new stake in KLA in the 2nd quarter valued at about $239,000. Czech National Bank increased its position in KLA by 6.7% in the 3rd quarter. Czech National Bank now owns 27,383 shares of the semiconductor company’s stock valued at $21,206,000 after acquiring an additional 1,726 shares in the last quarter. GAMMA Investing LLC increased its position in KLA by 28.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,698 shares of the semiconductor company’s stock valued at $1,315,000 after acquiring an additional 374 shares in the last quarter. Diversified Trust Co increased its position in KLA by 8.5% in the 3rd quarter. Diversified Trust Co now owns 4,327 shares of the semiconductor company’s stock valued at $3,351,000 after acquiring an additional 338 shares in the last quarter. Finally, Miracle Mile Advisors LLC increased its position in KLA by 5.2% in the 3rd quarter. Miracle Mile Advisors LLC now owns 347 shares of the semiconductor company’s stock valued at $269,000 after acquiring an additional 17 shares in the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Price Performance

NASDAQ KLAC opened at $749.32 on Wednesday. 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 12-month low of $595.86 and a 12-month high of $896.32. The company has a market capitalization of $100.23 billion, a PE ratio of 31.51, a price-to-earnings-growth ratio of 1.57 and a beta of 1.28. The firm’s 50 day moving average is $677.87 and its 200-day moving average is $716.00.

KLA (NASDAQ:KLAC) last issued its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, topping 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%. Equities research analysts anticipate that KLA Co. will post 30.8 earnings per share for the current fiscal year.

KLA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th were given a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 0.91%. This is a boost from KLA’s previous quarterly dividend of $1.45. The ex-dividend date was Monday, November 18th. KLA’s payout ratio is 28.60%.

Wall Street Analysts Forecast Growth

KLAC has been the topic of several recent research reports. Wells Fargo & Company raised their target price on shares of KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft raised their target price on shares of KLA from $725.00 to $850.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Susquehanna raised their target price on shares of KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Stifel Nicolaus lifted their price objective on shares of KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Finally, Morgan Stanley lifted their price objective on shares of KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a research note on Monday. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $831.68.

About KLA

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.