Atria Wealth Solutions Inc. Cuts Holdings in KLA Co. (NASDAQ:KLAC)

Atria Wealth Solutions Inc. lowered its position in KLA Co. (NASDAQ:KLAC) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,379 shares of the semiconductor company’s stock after selling 138 shares during the period. Atria Wealth Solutions Inc.’s holdings in KLA were worth $3,389,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Hutchens & Kramer Investment Management Group LLC raised its holdings in KLA by 3.3% in the 4th quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company’s stock worth $259,000 after purchasing an additional 13 shares during the period. Richardson Financial Services Inc. increased its position in shares of KLA by 5.9% in the fourth quarter. Richardson Financial Services Inc. now owns 253 shares of the semiconductor company’s stock valued at $160,000 after buying an additional 14 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of KLA by 6.5% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 246 shares of the semiconductor company’s stock worth $155,000 after buying an additional 15 shares during the period. Catalyst Financial Partners LLC lifted its position in shares of KLA by 2.0% during the 4th quarter. Catalyst Financial Partners LLC now owns 755 shares of the semiconductor company’s stock valued at $476,000 after buying an additional 15 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in KLA by 1.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,433 shares of the semiconductor company’s stock valued at $1,110,000 after acquiring an additional 16 shares during the period. 86.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KLAC has been the subject of a number of research analyst reports. Cantor Fitzgerald upped their price objective on shares of KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Susquehanna upped their price target on shares of KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. StockNews.com cut KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Barclays increased their target price on KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Finally, TD Cowen decreased their target price on KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $831.68.

KLA Price Performance

KLA stock opened at $777.63 on Friday. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. The company has a 50-day moving average price of $703.92 and a 200 day moving average price of $715.04. KLA Co. has a 12-month low of $609.40 and a 12-month high of $896.32. The stock has a market cap of $103.34 billion, a P/E ratio of 32.70, a PEG ratio of 1.54 and a beta of 1.28.

KLA (NASDAQ:KLAC) last announced its quarterly 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%. Sell-side analysts anticipate that KLA Co. will post 31.59 earnings per share for the current year.

KLA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th will be given a $1.70 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a yield of 0.87%. KLA’s dividend payout ratio is currently 28.60%.

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.