KLA Co. (NASDAQ:KLAC) Shares Sold by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC cut its holdings in shares of KLA Co. (NASDAQ:KLAC) by 2.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,057 shares of the semiconductor company’s stock after selling 89 shares during the period. Dynamic Advisor Solutions LLC’s holdings in KLA were worth $1,926,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Mizuho Securities USA LLC increased its position in shares of KLA by 32,828.8% in the third quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock valued at $2,647,708,000 after buying an additional 3,408,617 shares in the last quarter. International Assets Investment Management LLC grew its stake in 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 valued at $234,168,000 after acquiring an additional 301,987 shares during the period. Van ECK Associates Corp increased its holdings in KLA by 25.7% in 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 in the last quarter. Assenagon Asset Management S.A. raised its position in KLA by 6,188.5% during the third quarter. Assenagon Asset Management S.A. now owns 239,404 shares of the semiconductor company’s stock worth $185,397,000 after acquiring an additional 235,597 shares during the period. Finally, Two Sigma Advisers LP lifted its holdings in KLA by 10,766.7% during 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 in the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Price Performance

NASDAQ:KLAC opened at $749.82 on Friday. KLA Co. has a 52 week low of $581.70 and a 52 week high of $896.32. The stock’s fifty day moving average is $666.45 and its two-hundred day moving average is $722.95. The company has a market capitalization of $100.30 billion, a P/E ratio of 34.24, a P/E/G ratio of 1.66 and a beta of 1.27. The company has a quick ratio of 1.48, a current ratio of 2.13 and a debt-to-equity ratio of 1.65.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.03 by $0.30. The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.75 billion. KLA had a net margin of 28.92% and a return on equity of 105.16%. KLA’s revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the firm earned $5.74 EPS. Equities analysts expect that KLA Co. will post 30.34 EPS for the current year.

KLA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were given a dividend of $1.70 per share. The ex-dividend date was Monday, November 18th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.91%. This is a boost from KLA’s previous quarterly dividend of $1.45. KLA’s dividend payout ratio (DPR) is presently 31.05%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on KLAC shares. TD Cowen cut their target price on shares of KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Wells Fargo & Company reduced their target price on KLA from $800.00 to $795.00 and set an “overweight” rating for the company in a report on Monday, January 13th. Barclays decreased their target price on KLA from $750.00 to $700.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. UBS Group boosted their price target on KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on KLA from $890.00 to $750.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, KLA has an average rating of “Moderate Buy” and an average target price of $806.35.

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.