KLA Co. (NASDAQ:KLAC) Shares Sold by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC trimmed its stake in shares of KLA Co. (NASDAQ:KLAC) by 8.2% during the fourth quarter, Holdings Channel reports. The firm owned 795 shares of the semiconductor company’s stock after selling 71 shares during the period. Transcend Capital Advisors LLC’s holdings in KLA were worth $501,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in KLAC. Swedbank AB raised its position in shares of KLA by 0.4% during the 3rd 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 period. Private Advisor Group LLC grew its holdings in KLA by 0.5% in the 3rd quarter. Private Advisor Group LLC now owns 5,750 shares of the semiconductor company’s stock worth $4,453,000 after buying an additional 28 shares in the last quarter. Silver Oak Securities Incorporated grew its holdings in KLA by 1,568.3% in the 3rd quarter. Silver Oak Securities Incorporated now owns 1,368 shares of the semiconductor company’s stock worth $1,070,000 after buying an additional 1,286 shares in the last quarter. Ballentine Partners LLC grew its holdings in KLA by 4.4% in the 3rd quarter. Ballentine Partners LLC now owns 1,688 shares of the semiconductor company’s stock worth $1,307,000 after buying an additional 71 shares in the last quarter. Finally, Lake Street Advisors Group LLC grew its holdings in KLA by 3.5% in the 3rd quarter. Lake Street Advisors Group LLC now owns 1,275 shares of the semiconductor company’s stock worth $987,000 after buying an additional 43 shares in the last quarter. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on KLAC shares. StockNews.com lowered KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. UBS Group increased their price objective on KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Susquehanna increased their price objective on KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. TD Cowen decreased their price objective on KLA from $760.00 to $725.00 and set a “hold” rating for the company in a report on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft increased their price target on KLA from $725.00 to $850.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Seven equities research 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 company presently has a consensus rating of “Moderate Buy” and a consensus target price of $831.68.

KLA Price Performance

Shares of NASDAQ:KLAC opened at $754.30 on Friday. KLA Co. has a one year low of $609.40 and a one year high of $896.32. The stock has a fifty day moving average of $708.55 and a 200-day moving average of $715.83. The company has a market capitalization of $100.24 billion, a PE ratio of 31.72, a price-to-earnings-growth ratio of 1.57 and a beta of 1.28. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, beating 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, equities analysts anticipate that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th will be issued a $1.70 dividend. The ex-dividend date is Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.90%. KLA’s payout ratio is currently 28.60%.

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.