KLA Co. (NASDAQ:KLAC) Shares Sold by Greenleaf Trust

Greenleaf Trust lessened its position in shares of KLA Co. (NASDAQ:KLAC) by 8.6% in the 4th quarter, HoldingsChannel reports. The fund owned 3,794 shares of the semiconductor company’s stock after selling 357 shares during the period. Greenleaf Trust’s holdings in KLA were worth $2,391,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in KLA by 2.5% during the 3rd quarter. State Street Corp now owns 5,979,293 shares of the semiconductor company’s stock worth $4,630,424,000 after acquiring an additional 145,317 shares in the last quarter. Mizuho Securities USA LLC lifted its position in shares of KLA by 32,828.8% during the 3rd 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 during the last quarter. Geode Capital Management LLC lifted its position in KLA by 3.0% in the third quarter. Geode Capital Management LLC now owns 3,221,694 shares of the semiconductor company’s stock valued at $2,487,971,000 after acquiring an additional 93,743 shares during the last quarter. Van ECK Associates Corp lifted its position in KLA by 25.7% in the third quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock valued at $1,083,684,000 after acquiring an additional 286,015 shares during the last quarter. Finally, Alkeon Capital Management LLC lifted its position in KLA by 5.5% in the third quarter. Alkeon Capital Management LLC now owns 945,835 shares of the semiconductor company’s stock valued at $732,464,000 after acquiring an additional 49,470 shares during the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on KLAC. Cantor Fitzgerald boosted their price target on shares of KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research report on Friday. Needham & Company LLC boosted their price target on shares of KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft boosted their price target on shares of KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a research note on Friday. StockNews.com lowered shares of KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, Barclays increased their price target on shares of KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a research report on Friday. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $829.32.

KLA Stock Performance

NASDAQ:KLAC opened at $738.24 on Monday. The company has a quick ratio of 1.48, a current ratio of 2.13 and a debt-to-equity ratio of 1.65. The company has a market cap of $98.75 billion, a P/E ratio of 33.71, a P/E/G ratio of 1.54 and a beta of 1.27. KLA Co. has a fifty-two week low of $581.70 and a fifty-two week high of $896.32. The firm’s 50 day moving average is $675.96 and its two-hundred day moving average is $716.79.

KLA (NASDAQ:KLAC) last posted its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, beating the consensus estimate of $7.73 by $0.47. KLA had a net margin of 28.92% and a return on equity of 105.16%. Analysts expect that KLA Co. will post 30.34 EPS for the current 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 dividend of $1.70 per share. This is an increase from KLA’s previous quarterly dividend of $1.45. The ex-dividend date was Monday, November 18th. This represents a $6.80 annualized dividend and a yield of 0.92%. KLA’s payout ratio is 31.05%.

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.