180 Wealth Advisors LLC Decreases Stake in KLA Co. (NASDAQ:KLAC)

180 Wealth Advisors LLC lessened its holdings in shares of KLA Co. (NASDAQ:KLAC) by 76.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,074 shares of the semiconductor company’s stock after selling 3,414 shares during the quarter. 180 Wealth Advisors LLC’s holdings in KLA were worth $677,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Mizuho Securities USA LLC lifted its position in KLA by 32,828.8% during the third quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock worth $2,647,708,000 after buying an additional 3,408,617 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of KLA by 76,452.4% in the 3rd quarter. International Assets Investment Management LLC now owns 302,382 shares of the semiconductor company’s stock worth $234,168,000 after acquiring an additional 301,987 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of KLA by 25.7% during the 3rd quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock worth $1,083,684,000 after acquiring an additional 286,015 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of KLA by 6,188.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 239,404 shares of the semiconductor company’s stock valued at $185,397,000 after acquiring an additional 235,597 shares during the last quarter. Finally, Two Sigma Advisers LP grew its holdings in shares of KLA by 10,766.7% in the third quarter. Two Sigma Advisers LP now owns 228,200 shares of the semiconductor company’s stock valued at $176,720,000 after purchasing an additional 226,100 shares during the period. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Stock Up 1.5 %

KLA stock opened at $701.26 on Wednesday. The firm has a market capitalization of $93.80 billion, a P/E ratio of 32.02, a P/E/G ratio of 1.39 and a beta of 1.27. The stock’s fifty day simple moving average is $651.44 and its 200-day simple moving average is $726.56. KLA Co. has a twelve month low of $552.85 and a twelve month high of $896.32. The company has a current ratio of 2.13, a quick ratio of 1.48 and a debt-to-equity ratio of 1.65.

KLA (NASDAQ:KLAC) last posted its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.03 by $0.30. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.75 billion. KLA had a return on equity of 105.16% and a net margin of 28.92%. KLA’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter last year, the company earned $5.74 EPS. As a group, equities analysts expect that KLA Co. will post 30.61 earnings per share for the current fiscal year.

KLA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were paid a $1.70 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.80 dividend on an annualized basis and a yield of 0.97%. This is an increase from KLA’s previous quarterly dividend of $1.45. KLA’s payout ratio is currently 31.05%.

Analyst Upgrades and Downgrades

KLAC has been the topic of several recent analyst reports. Barclays decreased their target price on shares of KLA from $800.00 to $750.00 and set an “equal weight” rating on the stock in a report on Thursday, October 31st. Cantor Fitzgerald reiterated a “neutral” rating and issued a $925.00 price objective on shares of KLA in a report on Tuesday, October 8th. Wells Fargo & Company cut their target price on KLA from $800.00 to $795.00 and set an “overweight” rating for the company in a research note on Monday. Deutsche Bank Aktiengesellschaft decreased their price target on KLA from $890.00 to $750.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Finally, StockNews.com lowered shares of KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, KLA currently has an average rating of “Moderate Buy” and an average target price of $809.10.

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.