Cohen Capital Management Inc. Sells 25 Shares of KLA Co. (NASDAQ:KLAC)

Cohen Capital Management Inc. trimmed its holdings in KLA Co. (NASDAQ:KLAC) by 1.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,687 shares of the semiconductor company’s stock after selling 25 shares during the quarter. Cohen Capital Management Inc.’s holdings in KLA were worth $1,063,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in KLAC. Legacy Investment Solutions LLC bought a new position in shares of KLA during the third quarter worth $29,000. Capital Performance Advisors LLP bought a new position in shares of KLA during the 3rd quarter valued at about $38,000. FSA Wealth Management LLC purchased a new position in shares of KLA during the third quarter valued at about $53,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in shares of KLA during the fourth quarter valued at about $43,000. Finally, Peterson Financial Group Inc. bought a new stake in shares of KLA in the third quarter worth about $56,000. 86.65% of the stock is owned by hedge funds and other institutional investors.

KLA Price Performance

Shares of KLAC stock opened at $754.30 on Friday. The stock has a 50 day moving average price of $708.55 and a 200 day moving average price of $715.83. KLA Co. has a 52-week low of $609.40 and a 52-week high of $896.32. 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 firm has a market capitalization of $100.24 billion, a P/E ratio of 31.72, a P/E/G ratio of 1.57 and a beta of 1.28.

KLA (NASDAQ:KLAC) last released its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, topping analysts’ consensus estimates of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. As a group, sell-side analysts predict that KLA Co. will post 31.59 earnings per share for the current year.

KLA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th will be given a $1.70 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $6.80 annualized dividend and a yield of 0.90%. KLA’s dividend payout ratio (DPR) is 28.60%.

Analysts Set New Price Targets

Several equities analysts have weighed in on KLAC shares. StockNews.com cut KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft raised their target price on shares of KLA from $725.00 to $850.00 and gave the company a “buy” rating in a report on Friday, January 31st. Cantor Fitzgerald upped their price target on shares of KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Stifel Nicolaus lifted their price objective on shares of KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Finally, UBS Group upped their target price on shares of KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $831.68.

About KLA

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.