Mather Group LLC. Sells 350 Shares of KLA Co. (NASDAQ:KLAC)

Mather Group LLC. cut its stake in KLA Co. (NASDAQ:KLAC) by 17.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,649 shares of the semiconductor company’s stock after selling 350 shares during the quarter. Mather Group LLC.’s holdings in KLA were worth $1,039,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of KLAC. Swedbank AB boosted its position in KLA by 0.4% during the 3rd quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock valued at $426,660,000 after acquiring an additional 2,019 shares in the last quarter. Diversify Advisory Services LLC grew its stake in KLA by 22.7% in the fourth quarter. Diversify Advisory Services LLC now owns 648 shares of the semiconductor company’s stock worth $443,000 after purchasing an additional 120 shares during the period. Community Financial Services Group LLC raised its holdings in KLA by 538.5% in the third quarter. Community Financial Services Group LLC now owns 7,445 shares of the semiconductor company’s stock worth $5,765,000 after purchasing an additional 6,279 shares in the last quarter. Eastern Bank lifted its position in KLA by 655.8% during the third quarter. Eastern Bank now owns 27,368 shares of the semiconductor company’s stock valued at $21,194,000 after buying an additional 23,747 shares during the period. Finally, ING Groep NV boosted its holdings in shares of KLA by 52.4% during the 3rd quarter. ING Groep NV now owns 79,763 shares of the semiconductor company’s stock valued at $61,769,000 after buying an additional 27,436 shares in the last quarter. 86.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KLAC has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft lifted 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. UBS Group boosted their price target on KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. Cantor Fitzgerald upped their price target on KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Morgan Stanley boosted their target price on KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, Barclays raised their price target on KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a report 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $831.68.

KLA Price Performance

Shares of NASDAQ:KLAC opened at $749.32 on Wednesday. The firm’s 50 day moving average price is $677.87 and its 200-day moving average price is $716.00. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $100.23 billion, a PE ratio of 31.51, a price-to-earnings-growth ratio of 1.57 and a beta of 1.28. KLA Co. has a twelve month low of $595.86 and a twelve month high of $896.32.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, topping the consensus estimate of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%. Equities research analysts expect that KLA Co. will post 30.8 EPS for the current year.

KLA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th were paid a $1.70 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.80 annualized dividend and a dividend yield of 0.91%. This is an increase from KLA’s previous quarterly dividend of $1.45. KLA’s dividend payout ratio (DPR) 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.