Olympiad Research LP Sells 575 Shares of KLA Co. (NASDAQ:KLAC)

Olympiad Research LP trimmed its holdings in shares of KLA Co. (NASDAQ:KLAC) by 55.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 454 shares of the semiconductor company’s stock after selling 575 shares during the quarter. Olympiad Research LP’s holdings in KLA were worth $286,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Legacy Investment Solutions LLC bought a new position in KLA in the 3rd quarter valued at about $29,000. Capital Performance Advisors LLP bought a new position in KLA in the 3rd quarter valued at about $38,000. FSA Wealth Management LLC bought a new position in KLA in the 3rd quarter valued at about $53,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in KLA in the 4th quarter valued at about $43,000. Finally, Peterson Financial Group Inc. bought a new position in KLA in the 3rd quarter valued at about $56,000. 86.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on KLAC shares. Cantor Fitzgerald raised their target price on shares of KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a report on Friday, January 31st. UBS Group raised 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. StockNews.com downgraded shares of KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Morgan Stanley raised their price target on shares of KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. Finally, Stifel Nicolaus raised their price target on shares of KLA from $800.00 to $825.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $831.68.

KLA Stock Down 3.0 %

NASDAQ:KLAC opened at $754.30 on Friday. The firm’s 50 day simple moving average is $708.55 and its 200 day simple moving average is $715.83. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63. KLA Co. has a one year low of $609.40 and a one year high of $896.32. The company has a market cap of $100.24 billion, a PE ratio of 31.72, a P/E/G ratio of 1.57 and a beta of 1.28.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, topping 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, research analysts anticipate that KLA Co. will post 31.59 earnings per share for the current year.

KLA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th will be given a $1.70 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.90%. KLA’s dividend payout ratio (DPR) is currently 28.60%.

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.