KLA Co. (NASDAQ:KLAC) Shares Sold by Teamwork Financial Advisors LLC

Teamwork Financial Advisors LLC cut its position in shares of KLA Co. (NASDAQ:KLAC) by 29.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,270 shares of the semiconductor company’s stock after selling 1,374 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in KLA were worth $2,061,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mizuho Securities USA LLC boosted its position in shares of KLA by 32,828.8% in the third quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock worth $2,647,708,000 after buying an additional 3,408,617 shares during the period. International Assets Investment Management LLC boosted its position in shares of KLA by 76,452.4% in the third quarter. International Assets Investment Management LLC now owns 302,382 shares of the semiconductor company’s stock worth $234,168,000 after buying an additional 301,987 shares during the period. Van ECK Associates Corp boosted its position in shares of KLA by 25.7% in the third quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock worth $1,083,684,000 after buying an additional 286,015 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of KLA by 6,188.5% in the third quarter. Assenagon Asset Management S.A. now owns 239,404 shares of the semiconductor company’s stock worth $185,397,000 after buying an additional 235,597 shares during the period. Finally, Two Sigma Advisers LP boosted its holdings in KLA by 10,766.7% in the third quarter. Two Sigma Advisers LP now owns 228,200 shares of the semiconductor company’s stock valued at $176,720,000 after purchasing an additional 226,100 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors and hedge funds.

KLA Stock Up 0.6 %

KLAC opened at $771.91 on Thursday. KLA Co. has a 12 month low of $581.70 and a 12 month high of $896.32. 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 cap of $103.25 billion, a P/E ratio of 35.25, a P/E/G ratio of 1.65 and a beta of 1.27. The stock’s 50 day moving average price is $661.42 and its 200 day moving average price is $723.50.

KLA (NASDAQ:KLAC) last posted its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, beating the consensus estimate of $7.03 by $0.30. KLA had a return on equity of 105.16% and a net margin of 28.92%. The firm had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.75 billion. During the same period last year, the firm earned $5.74 EPS. The firm’s revenue was up 18.5% compared to the same quarter last year. As a group, research analysts predict that KLA Co. will post 30.34 earnings per share for the current year.

KLA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th were paid a dividend of $1.70 per share. This is a positive change from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date was Monday, November 18th. KLA’s dividend payout ratio (DPR) is presently 31.05%.

Analyst Ratings Changes

A number of brokerages recently commented on KLAC. TD Cowen reduced their price target on KLA from $760.00 to $725.00 and set a “hold” rating for the company in a report on Thursday, October 31st. Oppenheimer raised KLA from a “market perform” rating to an “outperform” rating and increased their price target for the company from $750.00 to $850.00 in a report on Thursday, October 31st. The Goldman Sachs Group reduced their price target on KLA from $850.00 to $759.00 and set a “buy” rating for the company in a report on Friday, January 10th. Morgan Stanley reduced their price target on KLA from $746.00 to $703.00 and set an “equal weight” rating for the company in a report on Thursday, December 5th. Finally, UBS Group increased their price target on KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a report on Tuesday. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $806.35.

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.