KLA Co. (NASDAQ:KLAC) Shares Sold by RWA Wealth Partners LLC

RWA Wealth Partners LLC lessened its holdings in shares of KLA Co. (NASDAQ:KLAC) by 0.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,006 shares of the semiconductor company’s stock after selling 118 shares during the quarter. RWA Wealth Partners LLC’s holdings in KLA were worth $9,455,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new stake in KLA during the 3rd quarter worth approximately $29,000. Tortoise Investment Management LLC raised its stake in shares of KLA by 300.0% in the fourth quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 36 shares in the last quarter. TCTC Holdings LLC purchased a new position in KLA in the fourth quarter valued at $31,000. Kohmann Bosshard Financial Services LLC acquired a new position in KLA during the 4th quarter worth $32,000. Finally, Fairfield Financial Advisors LTD increased its holdings in KLA by 160.0% during the 4th quarter. Fairfield Financial Advisors LTD now owns 65 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 40 shares during the period. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft boosted their price objective on KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Stifel Nicolaus boosted their price target on shares of KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a report on Friday, January 31st. The Goldman Sachs Group lifted their price objective on shares of KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Morgan Stanley increased their target price on KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. Finally, UBS Group lifted their price target on KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $825.39.

KLA Stock Performance

Shares of KLAC stock opened at $673.60 on Friday. KLA Co. has a 52-week low of $609.40 and a 52-week high of $896.32. The stock’s 50-day moving average price is $727.83 and its 200 day moving average price is $703.04. 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 stock has a market capitalization of $89.51 billion, a PE ratio of 28.33, a price-to-earnings-growth ratio of 1.57 and a beta of 1.30.

KLA (NASDAQ:KLAC) last released its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS 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%. As a group, equities research analysts forecast that KLA Co. will post 31.59 EPS for the current year.

KLA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th were paid a dividend of $1.70 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 1.01%. KLA’s dividend payout ratio (DPR) is 28.60%.

Insider Activity at KLA

In other news, CFO Bren D. Higgins sold 7,008 shares of the stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $724.62, for a total transaction of $5,078,136.96. Following the completion of the transaction, the chief financial officer now directly owns 28,798 shares of the company’s stock, valued at approximately $20,867,606.76. This represents a 19.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.12% of the stock is owned by insiders.

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.