HBK Sorce Advisory LLC Sells 81 Shares of KLA Co. (NASDAQ:KLAC)

HBK Sorce Advisory LLC lowered its position in shares of KLA Co. (NASDAQ:KLAC) by 8.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 876 shares of the semiconductor company’s stock after selling 81 shares during the quarter. HBK Sorce Advisory LLC’s holdings in KLA were worth $552,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Swedbank AB boosted its holdings in KLA by 0.4% in the third quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock worth $426,660,000 after purchasing an additional 2,019 shares during the last quarter. Diversify Advisory Services LLC boosted its holdings in KLA by 22.7% in the fourth quarter. Diversify Advisory Services LLC now owns 648 shares of the semiconductor company’s stock worth $443,000 after purchasing an additional 120 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in KLA by 14.1% in the third quarter. Daiwa Securities Group Inc. now owns 33,215 shares of the semiconductor company’s stock worth $25,722,000 after purchasing an additional 4,112 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in KLA by 27.6% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 9,778 shares of the semiconductor company’s stock worth $6,161,000 after purchasing an additional 2,112 shares during the last quarter. Finally, Milestone Asset Management LLC purchased a new stake in KLA in the fourth quarter worth approximately $1,563,000. Institutional investors own 86.65% of the company’s stock.

KLA Stock Performance

Shares of NASDAQ KLAC opened at $713.00 on Friday. 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 company has a market cap of $94.75 billion, a P/E ratio of 29.98, a P/E/G ratio of 1.57 and a beta of 1.30. The firm’s fifty day moving average is $726.81 and its two-hundred day moving average is $707.13. KLA Co. has a 52-week low of $609.40 and a 52-week high of $896.32.

KLA (NASDAQ:KLAC) last announced 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 net margin of 29.58% and a return on equity of 108.60%. As a group, analysts anticipate that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were issued a $1.70 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a yield of 0.95%. KLA’s dividend payout ratio is currently 28.60%.

Analysts Set New Price Targets

KLAC has been the topic of several research reports. Barclays raised their target price on shares of KLA from $700.00 to $760.00 and gave the stock an “equal weight” 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 stock a “neutral” rating in a report on Tuesday, January 21st. Susquehanna lifted their price target on shares of KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. StockNews.com cut shares of KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Finally, Needham & Company LLC lifted 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, January 31st. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $830.67.

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.