Olympiad Research LP Sells 575 Shares of KLA Co. (NASDAQ:KLAC)

Olympiad Research LP decreased its stake in shares of KLA Co. (NASDAQ:KLAC) by 55.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 454 shares of the semiconductor company’s stock after selling 575 shares during the quarter. Olympiad Research LP’s holdings in KLA were worth $286,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in KLAC. Swedbank AB increased its holdings in shares of KLA by 0.4% during the 3rd quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock worth $426,660,000 after purchasing an additional 2,019 shares during the period. Private Advisor Group LLC increased its stake in KLA by 0.5% in the third quarter. Private Advisor Group LLC now owns 5,750 shares of the semiconductor company’s stock valued at $4,453,000 after acquiring an additional 28 shares during the period. Silver Oak Securities Incorporated increased its stake in KLA by 1,568.3% in the third quarter. Silver Oak Securities Incorporated now owns 1,368 shares of the semiconductor company’s stock valued at $1,070,000 after acquiring an additional 1,286 shares during the period. Ballentine Partners LLC increased its stake in KLA by 4.4% in the third quarter. Ballentine Partners LLC now owns 1,688 shares of the semiconductor company’s stock valued at $1,307,000 after acquiring an additional 71 shares during the period. Finally, Lake Street Advisors Group LLC increased its stake in KLA by 3.5% in the third quarter. Lake Street Advisors Group LLC now owns 1,275 shares of the semiconductor company’s stock valued at $987,000 after acquiring an additional 43 shares during the period. Institutional investors own 86.65% of the company’s stock.

Analyst Ratings Changes

KLAC has been the topic of a number of analyst reports. UBS Group upped their target price on shares of KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. Needham & Company LLC boosted their price target on shares of KLA from $800.00 to $830.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Cantor Fitzgerald boosted their price target on shares of KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Wells Fargo & Company upped 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. Finally, TD Cowen lowered their price objective on shares of KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $831.68.

KLA Stock Performance

NASDAQ KLAC opened at $754.30 on Friday. The firm has a 50-day moving average of $708.55 and a 200-day moving average of $715.83. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36. The stock has a market cap of $100.24 billion, a PE ratio of 31.72, a P/E/G ratio of 1.57 and a beta of 1.28. KLA Co. has a 52-week low of $609.40 and a 52-week high of $896.32.

KLA (NASDAQ:KLAC) last posted its 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 anticipate that KLA Co. will post 31.59 EPS for the current year.

KLA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Monday, February 24th will be given a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Monday, February 24th. KLA’s dividend payout ratio 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.