KLA Co. (NASDAQ:KLAC) Shares Sold by Regal Investment Advisors LLC

Regal Investment Advisors LLC reduced its holdings in KLA Co. (NASDAQ:KLAC) by 14.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 675 shares of the semiconductor company’s stock after selling 111 shares during the quarter. Regal Investment Advisors LLC’s holdings in KLA were worth $425,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tortoise Investment Management LLC boosted its stake in shares of KLA by 300.0% during the 4th quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 36 shares in the last quarter. TCTC Holdings LLC purchased a new stake in KLA during the fourth quarter valued at about $31,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of KLA in the fourth quarter worth about $32,000. Fairfield Financial Advisors LTD increased its position in shares of KLA by 160.0% in the fourth quarter. Fairfield Financial Advisors LTD now owns 65 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 40 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of KLA during the fourth quarter valued at approximately $43,000. 86.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on KLAC shares. Stifel Nicolaus lowered their price objective on shares of KLA from $825.00 to $750.00 and set a “buy” rating on the stock in a research report on Tuesday. Morgan Stanley raised KLA from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $748.00 to $870.00 in a research report on Monday, March 31st. Citigroup decreased their price objective on KLA from $910.00 to $800.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Needham & Company LLC increased their price target on shares of KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Finally, Oppenheimer lowered their price objective on shares of KLA from $850.00 to $700.00 and set an “outperform” rating on the stock in a research report on Friday, April 11th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $814.11.

KLA Stock Down 5.0 %

KLAC opened at $642.19 on Thursday. The firm has a market cap of $85.34 billion, a P/E ratio of 27.01, a price-to-earnings-growth ratio of 1.57 and a beta of 1.37. 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 business has a 50 day moving average price of $699.96 and a 200 day moving average price of $692.71. KLA Co. has a twelve month low of $551.33 and a twelve month high of $896.32.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share 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%. Research analysts forecast that KLA Co. will post 31.59 EPS for the current year.

KLA Announces Dividend

The firm also recently declared 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 1.06%. The ex-dividend date was Monday, February 24th. KLA’s dividend payout ratio is currently 28.60%.

Insider Transactions at KLA

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

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.