Asset Management One Co. Ltd. Sells 1,195 Shares of KLA Co. (NASDAQ:KLAC)

Asset Management One Co. Ltd. lowered its stake in KLA Co. (NASDAQ:KLAC) by 2.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 55,417 shares of the semiconductor company’s stock after selling 1,195 shares during the quarter. Asset Management One Co. Ltd.’s holdings in KLA were worth $35,733,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new stake in KLA in the third quarter valued at $29,000. Capital Performance Advisors LLP bought a new stake in shares of KLA during the 3rd quarter valued at $38,000. FSA Wealth Management LLC bought a new stake in shares of KLA during the 3rd quarter valued at $53,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of KLA during the 4th quarter valued at $43,000. Finally, Peterson Financial Group Inc. bought a new stake in shares of KLA during the 3rd quarter valued at $56,000. Institutional investors own 86.65% of the company’s stock.

KLA Price Performance

Shares of NASDAQ:KLAC opened at $750.74 on Friday. KLA Co. has a fifty-two week low of $609.40 and a fifty-two week high of $896.32. The business has a 50-day simple moving average of $695.06 and a two-hundred day simple moving average of $715.48. 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 firm has a market cap of $99.77 billion, a price-to-earnings ratio of 31.57, a price-to-earnings-growth ratio of 1.54 and a beta of 1.28.

KLA (NASDAQ:KLAC) last released its quarterly earnings results 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 return on equity of 108.60% and a net margin of 29.58%. On average, analysts expect that KLA Co. will post 31.59 earnings per share for the current year.

KLA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th will be paid a $1.70 dividend. This represents a $6.80 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Monday, February 24th. KLA’s dividend payout ratio (DPR) is presently 28.60%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of KLA from $725.00 to $850.00 and gave the company a “buy” rating in a report on Friday, January 31st. UBS Group boosted their target price on shares of KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. The Goldman Sachs Group boosted their target price on shares of KLA from $759.00 to $864.00 and gave the company a “buy” rating in a report on Friday, January 31st. Stifel Nicolaus lifted their price target on KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Finally, TD Cowen lowered their price target on KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $831.68.

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.