Tcfg Wealth Management LLC Sells 17 Shares of KLA Co. (NASDAQ:KLAC)

Tcfg Wealth Management LLC lowered its stake in shares of KLA Co. (NASDAQ:KLAC) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 565 shares of the semiconductor company’s stock after selling 17 shares during the quarter. Tcfg Wealth Management LLC’s holdings in KLA were worth $356,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Sheaff Brock Investment Advisors LLC grew its position in KLA by 0.3% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 16,401 shares of the semiconductor company’s stock valued at $10,335,000 after buying an additional 51 shares during the period. Strategic Financial Concepts LLC bought a new position in KLA during the fourth quarter valued at about $17,093,000. Allworth Financial LP grew its position in KLA by 5.6% during the fourth quarter. Allworth Financial LP now owns 9,116 shares of the semiconductor company’s stock valued at $5,744,000 after buying an additional 485 shares during the period. Principal Securities Inc. grew its position in KLA by 26.1% during the fourth quarter. Principal Securities Inc. now owns 3,747 shares of the semiconductor company’s stock valued at $2,361,000 after buying an additional 775 shares during the period. Finally, Legacy Capital Wealth Partners LLC grew its position in KLA by 54.4% during the fourth quarter. Legacy Capital Wealth Partners LLC now owns 511 shares of the semiconductor company’s stock valued at $322,000 after buying an additional 180 shares during the period. Institutional investors own 86.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group increased their price target on shares of KLA from $759.00 to $864.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Susquehanna increased their target price on shares of KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Oppenheimer upgraded shares of KLA from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $750.00 to $850.00 in a research report on Thursday, October 31st. Barclays increased their target price on shares of KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Finally, 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 report on Thursday, October 31st. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, KLA presently has an average rating of “Moderate Buy” and an average target price of $831.68.

KLA Trading Down 1.8 %

Shares of KLAC opened at $750.74 on Friday. The firm’s 50 day simple moving average is $697.11 and its 200 day simple moving average is $714.99. The company has a market capitalization of $99.77 billion, a P/E ratio of 31.57, a P/E/G ratio of 1.54 and a beta of 1.28. 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 1-year low of $609.40 and a 1-year high of $896.32.

KLA (NASDAQ:KLAC) last announced its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, beating 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%. Sell-side analysts forecast that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Monday, February 24th will be paid a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Monday, February 24th. KLA’s dividend payout ratio 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.