KLA Co. (NASDAQ:KLAC) Position Lessened by Kintegral Advisory LLC

Kintegral Advisory LLC lowered its position in KLA Co. (NASDAQ:KLAC) by 4.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,069 shares of the semiconductor company’s stock after selling 50 shares during the quarter. Kintegral Advisory LLC’s holdings in KLA were worth $674,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Swedbank AB grew its stake in shares of KLA by 0.4% in the 3rd quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock valued at $426,660,000 after buying an additional 2,019 shares in the last quarter. Diversify Advisory Services LLC increased its position in KLA by 22.7% during the fourth quarter. Diversify Advisory Services LLC now owns 648 shares of the semiconductor company’s stock worth $443,000 after buying an additional 120 shares during the last quarter. ING Groep NV raised its stake in shares of KLA by 52.4% in the 3rd quarter. ING Groep NV now owns 79,763 shares of the semiconductor company’s stock valued at $61,769,000 after acquiring an additional 27,436 shares in the last quarter. Daiwa Securities Group Inc. raised its position in shares of KLA by 14.1% in the third quarter. Daiwa Securities Group Inc. now owns 33,215 shares of the semiconductor company’s stock valued at $25,722,000 after purchasing an additional 4,112 shares during the period. Finally, Greenwich Wealth Management LLC grew its stake in KLA by 260.7% in the 3rd quarter. Greenwich Wealth Management LLC now owns 1,378 shares of the semiconductor company’s stock valued at $1,067,000 after buying an additional 996 shares during the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on KLAC. Susquehanna upped their price target on shares of KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. TD Cowen decreased their target price on KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Barclays raised 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. Needham & Company LLC upped their price target on KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, Cantor Fitzgerald raised their price objective 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. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $831.68.

KLA Stock Performance

NASDAQ:KLAC opened at $754.30 on Friday. 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 firm has a 50-day moving average price of $708.55 and a 200 day moving average price of $715.83. The firm has a market capitalization of $100.24 billion, a PE ratio of 31.72, a price-to-earnings-growth ratio of 1.57 and a beta of 1.28. KLA Co. has a 12-month low of $609.40 and a 12-month high of $896.32.

KLA (NASDAQ:KLAC) last issued 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 return on equity of 108.60% and a net margin of 29.58%. Research analysts anticipate that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th will be paid a $1.70 dividend. The ex-dividend date is Monday, February 24th. This represents a $6.80 annualized dividend and a dividend yield of 0.90%. KLA’s dividend payout ratio is presently 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.