Commonwealth Retirement Investments LLC Sells 18 Shares of KLA Co. (NASDAQ:KLAC)

Commonwealth Retirement Investments LLC lowered its position in KLA Co. (NASDAQ:KLAC) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,218 shares of the semiconductor company’s stock after selling 18 shares during the quarter. Commonwealth Retirement Investments LLC’s holdings in KLA were worth $768,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its position in shares of KLA by 5.9% during the 4th quarter. Bank of New York Mellon Corp now owns 1,153,043 shares of the semiconductor company’s stock worth $726,555,000 after buying an additional 64,238 shares in the last quarter. Pine Valley Investments Ltd Liability Co lifted its stake in KLA by 7.2% in the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 696 shares of the semiconductor company’s stock worth $439,000 after acquiring an additional 47 shares during the period. Impax Asset Management Group plc grew its holdings in KLA by 51.1% during the 4th quarter. Impax Asset Management Group plc now owns 254,365 shares of the semiconductor company’s stock worth $160,280,000 after acquiring an additional 86,077 shares in the last quarter. Edge Capital Group LLC increased its position in KLA by 72.3% during the 4th quarter. Edge Capital Group LLC now owns 9,134 shares of the semiconductor company’s stock valued at $5,756,000 after purchasing an additional 3,833 shares during the period. Finally, Crestwood Advisors Group LLC raised its holdings in shares of KLA by 2.4% in the 4th quarter. Crestwood Advisors Group LLC now owns 52,880 shares of the semiconductor company’s stock valued at $33,320,000 after purchasing an additional 1,224 shares in the last quarter. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on KLAC shares. The Goldman Sachs Group increased their price objective on shares of KLA from $759.00 to $864.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Morgan Stanley upped their target price on KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a report on Monday, February 3rd. Wells Fargo & Company lifted their price target on KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Susquehanna upped their price objective on KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Finally, TD Cowen cut their target price on KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a research note on Thursday, October 31st. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, KLA currently has a consensus rating of “Moderate Buy” and an average price target of $831.68.

KLA Price Performance

KLAC stock opened at $737.57 on Tuesday. KLA Co. has a 1 year low of $609.40 and a 1 year high of $896.32. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63. The firm has a market capitalization of $98.01 billion, a PE ratio of 31.02, a price-to-earnings-growth ratio of 1.57 and a beta of 1.28. The business has a 50 day simple moving average of $710.18 and a 200-day simple moving average of $715.85.

KLA (NASDAQ:KLAC) last announced its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share 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%. Equities research analysts anticipate that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th will be paid a $1.70 dividend. The ex-dividend date is Monday, February 24th. This represents a $6.80 annualized dividend and a dividend yield of 0.92%. KLA’s dividend payout ratio (DPR) is 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.