KLA Co. (NASDAQ:KLAC) Stock Holdings Lessened by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust lowered its stake in KLA Co. (NASDAQ:KLAC) by 13.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 616 shares of the semiconductor company’s stock after selling 96 shares during the period. Parkside Financial Bank & Trust’s holdings in KLA were worth $388,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new position in shares of KLA in the third quarter valued at $29,000. Capital Performance Advisors LLP acquired a new stake in KLA during the 3rd quarter valued at $38,000. FSA Wealth Management LLC acquired a new stake in KLA during the 3rd quarter valued at $53,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in KLA during the 4th quarter valued at $43,000. Finally, Peterson Financial Group Inc. acquired a new stake in KLA during the 3rd quarter valued at $56,000. Institutional investors own 86.65% of the company’s stock.

KLA Stock Up 1.4 %

KLAC stock opened at $708.84 on Friday. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63. KLA Co. has a 52-week low of $609.40 and a 52-week high of $896.32. The company has a 50-day moving average of $716.87 and a two-hundred day moving average of $715.41. The stock has a market capitalization of $94.20 billion, a price-to-earnings ratio of 29.81, a price-to-earnings-growth ratio of 1.57 and a beta of 1.28.

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

KLA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th will be issued a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Monday, February 24th. KLA’s dividend payout ratio (DPR) is 28.60%.

Analyst Ratings Changes

Several analysts have issued reports on KLAC shares. Cantor Fitzgerald boosted their target price on shares of KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft boosted 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. Needham & Company LLC boosted their target price on shares of KLA from $800.00 to $830.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Susquehanna boosted their price target on shares of KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Finally, Barclays boosted their price target on shares of KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, KLA presently has a consensus rating of “Moderate Buy” and a consensus 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.