SRN Advisors LLC Trims Position in KLA Co. (NASDAQ:KLAC)

SRN Advisors LLC trimmed its position in shares of KLA Co. (NASDAQ:KLAC) by 4.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,370 shares of the semiconductor company’s stock after selling 113 shares during the period. KLA accounts for 1.3% of SRN Advisors LLC’s portfolio, making the stock its 16th largest holding. SRN Advisors LLC’s holdings in KLA were worth $1,493,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on KLAC. The Goldman Sachs Group lifted their price objective on shares of KLA from $759.00 to $864.00 and gave the company a “buy” rating in a research report on Friday, January 31st. StockNews.com downgraded shares of KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Wells Fargo & Company increased their price objective on shares of KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a report on Friday, January 31st. TD Cowen reduced their target price on KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. Finally, Stifel Nicolaus increased their price target on KLA from $800.00 to $825.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, KLA presently has a consensus rating of “Moderate Buy” and a consensus price target of $831.68.

KLA Trading Up 1.9 %

NASDAQ:KLAC opened at $738.52 on Thursday. The firm has a 50-day simple moving average of $713.74 and a 200-day simple moving average of $715.86. KLA Co. has a one year low of $609.40 and a one year high of $896.32. The firm has a market cap of $98.14 billion, a P/E ratio of 31.06, a P/E/G ratio of 1.57 and a beta of 1.28. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36.

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

KLA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th will be paid a $1.70 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $6.80 annualized dividend and a yield of 0.92%. KLA’s dividend payout ratio (DPR) is presently 28.60%.

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.