KLA Co. (NASDAQ:KLAC) Stock Position Cut by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky trimmed its stake in shares of KLA Co. (NASDAQ:KLAC) by 3.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,250 shares of the semiconductor company’s stock after selling 1,981 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in KLA were worth $31,663,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Hutchens & Kramer Investment Management Group LLC grew its stake in KLA by 3.3% in the fourth quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company’s stock valued at $259,000 after acquiring an additional 13 shares during the period. Richardson Financial Services Inc. grew its position in shares of KLA by 5.9% in the 4th quarter. Richardson Financial Services Inc. now owns 253 shares of the semiconductor company’s stock valued at $160,000 after purchasing an additional 14 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its stake in KLA by 6.5% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 246 shares of the semiconductor company’s stock worth $155,000 after purchasing an additional 15 shares in the last quarter. Catalyst Financial Partners LLC lifted its stake in KLA by 2.0% in the fourth quarter. Catalyst Financial Partners LLC now owns 755 shares of the semiconductor company’s stock valued at $476,000 after buying an additional 15 shares in the last quarter. Finally, Anchor Investment Management LLC boosted its holdings in shares of KLA by 12.0% in the fourth quarter. Anchor Investment Management LLC now owns 140 shares of the semiconductor company’s stock valued at $88,000 after buying an additional 15 shares during the period. 86.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on KLAC shares. Wells Fargo & Company upped their target price on shares of KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. UBS Group boosted 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. Susquehanna lifted their price objective on shares of KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Citigroup decreased their target price on shares of KLA from $910.00 to $800.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Finally, Cantor Fitzgerald boosted their price target on shares of KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, KLA has a consensus rating of “Moderate Buy” and a consensus price target of $814.11.

KLA Stock Down 1.2 %

KLAC stock opened at $634.43 on Monday. KLA Co. has a fifty-two week low of $551.33 and a fifty-two week high of $896.32. 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 stock has a market capitalization of $84.31 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 1.57 and a beta of 1.37. The business’s fifty day moving average price is $695.14 and its two-hundred day moving average price is $689.74.

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, equities analysts anticipate that KLA Co. will post 31.59 earnings per share for the current year.

KLA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Monday, February 24th were paid a $1.70 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a yield of 1.07%. KLA’s dividend payout ratio (DPR) is 28.60%.

Insiders Place Their Bets

In related news, CFO Bren D. Higgins sold 7,008 shares of the firm’s stock in a transaction dated 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 directly owns 28,798 shares of the company’s stock, valued at $20,867,606.76. This trade represents a 19.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.12% of the company’s stock.

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.