Csenge Advisory Group Sells 72 Shares of KLA Co. (NASDAQ:KLAC)

Csenge Advisory Group trimmed its position in shares of KLA Co. (NASDAQ:KLAC) by 5.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,238 shares of the semiconductor company’s stock after selling 72 shares during the quarter. Csenge Advisory Group’s holdings in KLA were worth $780,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new stake in KLA during the third quarter worth about $29,000. Groupama Asset Managment grew its stake in KLA by 82.3% during the third quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock worth $35,000 after buying an additional 2,038 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in KLA during the third quarter worth about $38,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in KLA during the fourth quarter worth about $43,000. Finally, Ameliora Wealth Management Ltd. bought a new stake in KLA during the fourth quarter worth about $47,000. 86.65% of the stock is owned by institutional investors.

KLA Trading Down 1.8 %

KLAC opened at $750.74 on Tuesday. The firm’s fifty day moving average is $697.11 and its two-hundred day moving average is $714.23. 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 firm has a market cap of $99.77 billion, a PE ratio of 31.57, a price-to-earnings-growth ratio of 1.54 and a beta of 1.28. KLA Co. has a twelve month low of $609.40 and a twelve month high of $896.32.

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 research analysts anticipate that KLA Co. will post 31.59 EPS for the current year.

KLA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Monday, February 24th will be issued a dividend of $1.70 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.91%. KLA’s payout ratio is 28.60%.

Wall Street Analysts Forecast Growth

KLAC has been the topic of several research analyst reports. Barclays increased their price target on shares of KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Wells Fargo & Company increased their price target 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. Cantor Fitzgerald increased their price target on shares of KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. TD Cowen decreased their price target on shares of KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a research note on Thursday, October 31st. Finally, UBS Group increased their price target 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. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $831.68.

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.