KLA Co. (NASDAQ:KLAC) Shares Sold by Atria Investments Inc

Atria Investments Inc trimmed its holdings in KLA Co. (NASDAQ:KLAC) by 30.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,450 shares of the semiconductor company’s stock after selling 3,197 shares during the period. Atria Investments Inc’s holdings in KLA were worth $4,694,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in KLAC. Mizuho Securities USA LLC grew its stake in KLA by 32,828.8% in the 3rd quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock valued at $2,647,708,000 after acquiring an additional 3,408,617 shares during the last quarter. Proficio Capital Partners LLC grew its stake in KLA by 114,444.5% in the 4th quarter. Proficio Capital Partners LLC now owns 342,488 shares of the semiconductor company’s stock valued at $215,809,000 after acquiring an additional 342,189 shares during the last quarter. Two Sigma Advisers LP grew its stake in KLA by 10,766.7% in the 3rd quarter. Two Sigma Advisers LP now owns 228,200 shares of the semiconductor company’s stock valued at $176,720,000 after acquiring an additional 226,100 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in KLA by 84.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 441,053 shares of the semiconductor company’s stock valued at $277,916,000 after acquiring an additional 201,649 shares during the last quarter. Finally, World Investment Advisors LLC acquired a new stake in KLA in the 3rd quarter valued at about $128,482,000. 86.65% of the stock is owned by institutional investors and hedge funds.

KLA Price Performance

Shares of NASDAQ KLAC opened at $711.29 on Friday. KLA Co. has a 1-year low of $609.40 and a 1-year high of $896.32. The business has a 50-day moving average of $722.21 and a 200-day moving average of $711.55. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63. The company has a market capitalization of $94.52 billion, a price-to-earnings ratio of 29.91, a PEG ratio of 1.57 and a beta of 1.30.

KLA (NASDAQ:KLAC) last issued its 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 return on equity of 108.60% and a net margin of 29.58%. On average, 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 was paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th were given a $1.70 dividend. This represents a $6.80 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend was Monday, February 24th. KLA’s payout ratio is 28.60%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on KLAC. StockNews.com cut shares of KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Barclays upped their target price on KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Needham & Company LLC upped their target price on KLA from $800.00 to $830.00 and gave the company a “buy” rating in a research note on Friday, January 31st. UBS Group upped their target price on KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. Finally, Cantor Fitzgerald upped their target price on KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, KLA presently has an average rating of “Moderate Buy” and a consensus target price of $831.68.

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.