KLA Co. (NASDAQ:KLAC) Shares Sold by Kathmere Capital Management LLC

Kathmere Capital Management LLC lowered its position in shares of KLA Co. (NASDAQ:KLAC) by 17.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 814 shares of the semiconductor company’s stock after selling 169 shares during the quarter. Kathmere Capital Management LLC’s holdings in KLA were worth $513,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. CVA Family Office LLC grew its position in shares of KLA by 3.7% during the 3rd quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company’s stock valued at $283,000 after buying an additional 13 shares during the last quarter. Marcum Wealth LLC raised its holdings in shares of KLA by 4.1% during the third quarter. Marcum Wealth LLC now owns 384 shares of the semiconductor company’s stock valued at $297,000 after buying an additional 15 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of KLA by 1.1% during the third quarter. Harbor Capital Advisors Inc. now owns 1,433 shares of the semiconductor company’s stock valued at $1,110,000 after buying an additional 16 shares during the last quarter. Ascent Wealth Partners LLC grew its holdings in KLA by 0.4% in the 3rd quarter. Ascent Wealth Partners LLC now owns 4,466 shares of the semiconductor company’s stock worth $3,459,000 after buying an additional 16 shares in the last quarter. Finally, Citizens Financial Group Inc. RI increased its position in KLA by 2.8% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 582 shares of the semiconductor company’s stock valued at $451,000 after acquiring an additional 16 shares during the period. Institutional investors own 86.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. The Goldman Sachs Group dropped their price target on shares of KLA from $850.00 to $759.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. StockNews.com downgraded KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Susquehanna lowered their price target on KLA from $680.00 to $675.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. Cantor Fitzgerald restated a “neutral” rating and issued a $925.00 price objective on shares of KLA in a report on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of KLA from $890.00 to $750.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, KLA presently has an average rating of “Moderate Buy” and a consensus target price of $809.10.

KLA Trading Up 2.1 %

NASDAQ:KLAC opened at $716.25 on Thursday. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.13 and a quick ratio of 1.48. The stock has a market capitalization of $95.81 billion, a PE ratio of 32.71, a price-to-earnings-growth ratio of 1.39 and a beta of 1.27. The business’s 50-day simple moving average is $651.44 and its 200-day simple moving average is $726.56. KLA Co. has a fifty-two week low of $552.85 and a fifty-two week high of $896.32.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.03 by $0.30. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.75 billion. KLA had a net margin of 28.92% and a return on equity of 105.16%. The firm’s revenue was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.74 earnings per share. Sell-side analysts expect that KLA Co. will post 30.61 earnings per share for the current fiscal year.

KLA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th were issued a $1.70 dividend. This is a boost from KLA’s previous quarterly dividend of $1.45. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.80 annualized dividend and a dividend yield of 0.95%. KLA’s dividend payout ratio (DPR) is presently 31.05%.

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.