HBK Sorce Advisory LLC Sells 81 Shares of KLA Co. (NASDAQ:KLAC)

HBK Sorce Advisory LLC lowered its position in KLA Co. (NASDAQ:KLAC) by 8.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 876 shares of the semiconductor company’s stock after selling 81 shares during the quarter. HBK Sorce Advisory LLC’s holdings in KLA were worth $552,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in KLAC. Wintrust Investments LLC increased its stake in KLA by 5.3% in the fourth quarter. Wintrust Investments LLC now owns 420 shares of the semiconductor company’s stock valued at $265,000 after acquiring an additional 21 shares during the last quarter. Erste Asset Management GmbH increased its stake in KLA by 5.6% in the fourth quarter. Erste Asset Management GmbH now owns 128,461 shares of the semiconductor company’s stock valued at $82,243,000 after acquiring an additional 6,774 shares during the last quarter. Achmea Investment Management B.V. increased its stake in KLA by 2.2% in the fourth quarter. Achmea Investment Management B.V. now owns 92,838 shares of the semiconductor company’s stock valued at $58,500,000 after acquiring an additional 2,027 shares during the last quarter. Rakuten Securities Inc. increased its stake in KLA by 60.6% in the fourth quarter. Rakuten Securities Inc. now owns 106 shares of the semiconductor company’s stock valued at $67,000 after acquiring an additional 40 shares during the last quarter. Finally, Avantax Advisory Services Inc. increased its stake in KLA by 0.4% in the fourth quarter. Avantax Advisory Services Inc. now owns 6,051 shares of the semiconductor company’s stock valued at $3,813,000 after acquiring an additional 26 shares during the last quarter. Institutional investors own 86.65% of the company’s stock.

Wall Street Analysts Forecast Growth

KLAC has been the topic of a number of research analyst reports. The Goldman Sachs Group increased their target price on 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 price target on shares of KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a research report on Monday, February 3rd. Stifel Nicolaus upped their price target on shares of KLA from $800.00 to $825.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft upped their price target on shares of KLA from $725.00 to $850.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Finally, Wells Fargo & Company upped their price target on shares of KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $830.67.

KLA Price Performance

KLAC stock opened at $713.00 on Friday. KLA Co. has a 1 year low of $609.40 and a 1 year high of $896.32. The company has a market cap of $94.75 billion, a P/E ratio of 29.98, a PEG ratio of 1.57 and a beta of 1.30. The firm has a 50-day moving average of $726.81 and a 200 day moving average of $707.13. 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 (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, 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%. On average, sell-side analysts forecast that KLA Co. will post 31.59 EPS for the current year.

KLA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were paid a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Monday, February 24th. KLA’s dividend payout ratio is 28.60%.

KLA Company 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.