KLA Co. (NASDAQ:KLAC) Stock Holdings Decreased by Tiemann Investment Advisors LLC

Tiemann Investment Advisors LLC lessened its position in KLA Co. (NASDAQ:KLAC) by 8.5% in the 4th quarter, Holdings Channel reports. The fund owned 537 shares of the semiconductor company’s stock after selling 50 shares during the period. Tiemann Investment Advisors LLC’s holdings in KLA were worth $338,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KLAC. Swedbank AB boosted its position in shares of 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 buying an additional 2,019 shares during the period. Diversify Advisory Services LLC lifted its stake in KLA by 22.7% in the 4th quarter. Diversify Advisory Services LLC now owns 648 shares of the semiconductor company’s stock worth $443,000 after acquiring an additional 120 shares in the last quarter. ING Groep NV boosted its position in KLA by 52.4% during the 3rd quarter. ING Groep NV now owns 79,763 shares of the semiconductor company’s stock worth $61,769,000 after acquiring an additional 27,436 shares during the period. Daiwa Securities Group Inc. grew its stake in KLA by 14.1% during the 3rd quarter. Daiwa Securities Group Inc. now owns 33,215 shares of the semiconductor company’s stock valued at $25,722,000 after acquiring an additional 4,112 shares in the last quarter. Finally, Versor Investments LP acquired a new position in shares of KLA in the 3rd quarter valued at about $1,008,000. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Stock Performance

NASDAQ KLAC opened at $711.29 on Monday. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63. The company’s fifty day moving average is $722.21 and its two-hundred day moving average is $710.04. KLA Co. has a 52-week low of $609.40 and a 52-week high of $896.32. The firm has a market capitalization of $94.52 billion, a price-to-earnings ratio of 29.91, a P/E/G ratio of 1.57 and a beta of 1.30.

KLA (NASDAQ:KLAC) last posted its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, beating the consensus estimate of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. Equities research analysts forecast that KLA Co. will post 31.59 EPS for the current year.

KLA Dividend Announcement

The firm 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. This represents a $6.80 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Monday, February 24th. KLA’s dividend payout ratio (DPR) is presently 28.60%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on KLAC shares. The Goldman Sachs Group lifted their target price on shares of KLA from $759.00 to $864.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Morgan Stanley lifted their price objective on KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a research report on Monday, February 3rd. Wells Fargo & Company upped their target price on KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft lifted their price target on KLA from $725.00 to $850.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, Cantor Fitzgerald increased their price objective on KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.