KLA Co. (NASDAQ:KLAC) Shares Sold by Dakota Wealth Management

Dakota Wealth Management lessened its position in KLA Co. (NASDAQ:KLAC) by 0.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 896,177 shares of the semiconductor company’s stock after selling 1,778 shares during the period. KLA makes up about 13.0% of Dakota Wealth Management’s holdings, making the stock its largest position. Dakota Wealth Management owned 0.67% of KLA worth $564,699,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new stake in KLA during the third quarter worth $29,000. Capital Performance Advisors LLP bought a new stake in KLA during the third quarter worth $38,000. FSA Wealth Management LLC bought a new stake in KLA during the third quarter worth $53,000. Peterson Financial Group Inc. bought a new stake in KLA during the third quarter worth $56,000. Finally, Prospera Private Wealth LLC bought a new stake in KLA during the third quarter worth $58,000. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Price Performance

Shares of KLA stock opened at $767.24 on Wednesday. The company has a current ratio of 2.13, a quick ratio of 1.48 and a debt-to-equity ratio of 1.65. The firm has a market capitalization of $102.63 billion, a PE ratio of 35.03, a price-to-earnings-growth ratio of 1.63 and a beta of 1.27. The business’s 50-day moving average price is $656.82 and its 200-day moving average price is $723.78. KLA Co. has a 12 month low of $581.70 and a 12 month high of $896.32.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, beating the consensus estimate of $7.03 by $0.30. The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.75 billion. KLA had a return on equity of 105.16% and a net margin of 28.92%. The company’s revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the company earned $5.74 EPS. Sell-side analysts forecast that KLA Co. will post 30.37 EPS for the current fiscal year.

KLA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were given a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a yield of 0.89%. This is a positive change from KLA’s previous quarterly dividend of $1.45. The ex-dividend date of this dividend was Monday, November 18th. KLA’s dividend payout ratio (DPR) is presently 31.05%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on KLAC shares. Barclays reduced their price objective on KLA from $750.00 to $700.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Wells Fargo & Company reduced their price objective on KLA from $800.00 to $795.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Needham & Company LLC upgraded KLA from a “hold” rating to a “buy” rating and set a $750.00 price objective for the company in a research note on Monday, January 13th. StockNews.com downgraded KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Finally, Oppenheimer upgraded KLA from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $750.00 to $850.00 in a research note on Thursday, October 31st. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $807.35.

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.