Parkside Financial Bank & Trust Has $388,000 Position in KLA Co. (NASDAQ:KLAC)

Parkside Financial Bank & Trust lowered its stake in shares of KLA Co. (NASDAQ:KLAC) by 13.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 616 shares of the semiconductor company’s stock after selling 96 shares during the period. Parkside Financial Bank & Trust’s holdings in KLA were worth $388,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new position in shares of KLA during the third quarter valued at about $29,000. Capital Performance Advisors LLP acquired a new position in shares of KLA during the third quarter valued at about $38,000. FSA Wealth Management LLC acquired a new position in shares of KLA during the third quarter valued at about $53,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of KLA during the fourth quarter valued at about $43,000. Finally, Peterson Financial Group Inc. acquired a new position in shares of KLA during the third quarter valued at about $56,000. Institutional investors and hedge funds own 86.65% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on KLAC shares. Needham & Company LLC increased their price target on shares of KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Wells Fargo & Company increased their price target on shares of KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. The Goldman Sachs Group increased their price target on shares of KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. UBS Group increased their price target on shares of 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 increased their price target on shares of KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $831.68.

KLA Price Performance

KLAC opened at $708.84 on Friday. KLA Co. has a one year low of $609.40 and a one year high of $896.32. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63. The company’s 50 day simple moving average is $716.87 and its 200-day simple moving average is $715.41. The stock has a market capitalization of $94.20 billion, a P/E ratio of 29.81, a price-to-earnings-growth ratio of 1.57 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 EPS for the quarter, beating the consensus estimate of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%. Sell-side analysts anticipate that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th will be paid a $1.70 dividend. The ex-dividend date is Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a yield of 0.96%. KLA’s payout ratio is presently 28.60%.

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.