Callan Capital LLC Sells 22 Shares of KLA Co. (NASDAQ:KLAC)

Callan Capital LLC lowered its stake in KLA Co. (NASDAQ:KLAC) by 5.4% in the 4th quarter, HoldingsChannel reports. The fund owned 387 shares of the semiconductor company’s stock after selling 22 shares during the period. Callan Capital LLC’s holdings in KLA were worth $244,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Legacy Investment Solutions LLC bought a new stake in shares of KLA in the 3rd quarter worth about $29,000. Groupama Asset Managment raised its position in KLA by 82.3% in the 3rd quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 2,038 shares during the period. Capital Performance Advisors LLP bought a new stake in KLA in the third quarter worth about $38,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in shares of KLA during the fourth quarter valued at approximately $43,000. Finally, Ameliora Wealth Management Ltd. purchased a new position in shares of KLA during the fourth quarter valued at approximately $47,000. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on KLAC. Deutsche Bank Aktiengesellschaft increased their price target on KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Cantor Fitzgerald lifted their target price on KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. StockNews.com cut shares of KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Morgan Stanley raised their price target on shares of KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a research note on Monday, February 3rd. Finally, Susquehanna boosted their price objective on shares of KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $831.68.

KLA Trading Down 3.0 %

KLAC opened at $754.30 on Monday. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. The firm has a market cap of $100.24 billion, a price-to-earnings ratio of 31.72, a PEG ratio of 1.57 and a beta of 1.28. KLA Co. has a 12 month low of $609.40 and a 12 month high of $896.32. The stock has a fifty day moving average price of $708.55 and a 200-day moving average price of $715.96.

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

KLA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th will be paid 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%.

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.