KLA Co. (NASDAQ:KLAC) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its position in shares of KLA Co. (NASDAQ:KLAC) by 7.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,082 shares of the semiconductor company’s stock after selling 2,213 shares during the period. Amalgamated Bank’s holdings in KLA were worth $17,695,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Swedbank AB boosted its stake in KLA by 0.4% in the third 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. Private Advisor Group LLC boosted its stake in shares of KLA by 0.5% during the third quarter. Private Advisor Group LLC now owns 5,750 shares of the semiconductor company’s stock worth $4,453,000 after buying an additional 28 shares during the period. Capital Advisors Ltd. LLC lifted its position in KLA by 31.5% in the third quarter. Capital Advisors Ltd. LLC now owns 305 shares of the semiconductor company’s stock valued at $236,000 after purchasing an additional 73 shares during the period. Colton Groome Financial Advisors LLC lifted its position in KLA by 6.8% in the third quarter. Colton Groome Financial Advisors LLC now owns 2,903 shares of the semiconductor company’s stock valued at $2,248,000 after purchasing an additional 185 shares during the period. Finally, Inscription Capital LLC lifted its position in KLA by 5.5% in the third quarter. Inscription Capital LLC now owns 1,404 shares of the semiconductor company’s stock valued at $1,088,000 after purchasing an additional 73 shares during the period. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Stock Performance

Shares of KLAC stock opened at $737.57 on Tuesday. 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 company has a market capitalization of $98.01 billion, a P/E ratio of 31.02, a price-to-earnings-growth ratio of 1.57 and a beta of 1.28. The company’s 50 day moving average price is $710.18 and its two-hundred day moving average price is $715.85. KLA Co. has a 52 week low of $609.40 and a 52 week high of $896.32.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, beating 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%. On average, analysts expect that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Dividend Announcement

The company also recently announced 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 yield of 0.92%. KLA’s payout ratio is 28.60%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Needham & Company LLC raised their price objective on shares of KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Stifel Nicolaus lifted their target price on shares of KLA from $800.00 to $825.00 and gave the company a “buy” rating in a report on Friday, January 31st. UBS Group lifted their target price on shares of KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. Barclays lifted their target price on shares of KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Finally, StockNews.com downgraded shares of KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $831.68.

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.