KLA Co. (NASDAQ:KLAC) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lessened its position in KLA Co. (NASDAQ:KLAC) by 12.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,574 shares of the semiconductor company’s stock after selling 4,439 shares during the period. Corient Private Wealth LLC’s holdings in KLA were worth $19,897,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Envestnet Portfolio Solutions Inc. grew its position in KLA by 37.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 12,103 shares of the semiconductor company’s stock valued at $7,626,000 after buying an additional 3,306 shares in the last quarter. Choate Investment Advisors grew its position in KLA by 69.2% in the 4th quarter. Choate Investment Advisors now owns 1,051 shares of the semiconductor company’s stock valued at $662,000 after buying an additional 430 shares in the last quarter. Greykasell Wealth Strategies Inc. bought a new position in KLA in the 4th quarter valued at about $1,124,000. Intact Investment Management Inc. grew its position in KLA by 36.4% in the 4th quarter. Intact Investment Management Inc. now owns 2,100 shares of the semiconductor company’s stock valued at $1,323,000 after buying an additional 560 shares in the last quarter. Finally, LBP AM SA grew its position in KLA by 113.6% in the 4th quarter. LBP AM SA now owns 6,426 shares of the semiconductor company’s stock valued at $4,049,000 after buying an additional 3,417 shares in the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Stock Performance

Shares of KLAC opened at $710.00 on Wednesday. KLA Co. has a one year low of $609.40 and a one year high of $896.32. The company has a 50-day moving average of $727.78 and a two-hundred day moving average of $704.39. The stock has a market cap of $94.35 billion, a price-to-earnings ratio of 29.86, a PEG ratio of 1.57 and a beta of 1.30. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63.

KLA (NASDAQ:KLAC) last posted its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (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%. On average, equities research analysts expect that KLA Co. will post 31.59 earnings per share for the current year.

KLA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th were given a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend was Monday, February 24th. KLA’s dividend payout ratio (DPR) is 28.60%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on KLAC. Needham & Company LLC increased their target price on shares of KLA from $800.00 to $830.00 and gave the company a “buy” rating in a research report on Friday, January 31st. UBS Group raised their price objective 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. Susquehanna raised 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. Cantor Fitzgerald raised their price objective on shares of KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of KLA from $725.00 to $850.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $830.67.

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.