Stanley Laman Group Ltd. lowered its stake in shares of KLA Co. (NASDAQ:KLAC) by 6.4% in the fourth quarter, HoldingsChannel reports. The fund owned 12,592 shares of the semiconductor company’s stock after selling 858 shares during the quarter. Stanley Laman Group Ltd.’s holdings in KLA were worth $3,260,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. US Bancorp DE increased its stake in shares of KLA by 44.4% during the 4th quarter. US Bancorp DE now owns 79,913 shares of the semiconductor company’s stock valued at $20,690,000 after acquiring an additional 24,559 shares during the last quarter. Guinness Asset Management LTD increased its stake in shares of KLA by 8.7% during the 4th quarter. Guinness Asset Management LTD now owns 62,925 shares of the semiconductor company’s stock valued at $16,292,000 after acquiring an additional 5,015 shares during the last quarter. Pendal Group Limited increased its stake in shares of KLA by 50.6% during the 4th quarter. Pendal Group Limited now owns 9,483 shares of the semiconductor company’s stock valued at $2,455,000 after acquiring an additional 3,188 shares during the last quarter. WESPAC Advisors LLC increased its stake in shares of KLA by 4.7% during the 4th quarter. WESPAC Advisors LLC now owns 3,226 shares of the semiconductor company’s stock valued at $835,000 after acquiring an additional 145 shares during the last quarter. Finally, Rothschild Investment Corp IL increased its position in KLA by 0.3% during the 4th quarter. Rothschild Investment Corp IL now owns 11,914 shares of the semiconductor company’s stock worth $3,085,000 after purchasing an additional 40 shares in the last quarter. 88.67% of the stock is owned by institutional investors.
In other KLA news, EVP Oreste Donzella sold 1,287 shares of the stock in a transaction on Monday, February 8th. The stock was sold at an average price of $300.90, for a total value of $387,258.30. Following the sale, the executive vice president now directly owns 5,599 shares of the company’s stock, valued at $1,684,739.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Richard P. Wallace sold 4,216 shares of the stock in a transaction on Wednesday, February 3rd. The stock was sold at an average price of $301.60, for a total value of $1,271,545.60. Following the completion of the sale, the chief executive officer now directly owns 76,906 shares in the company, valued at $23,194,849.60. The disclosure for this sale can be found here. Corporate insiders own 0.16% of the company’s stock.
KLA (NASDAQ:KLAC) last posted its quarterly earnings results on Tuesday, February 2nd. The semiconductor company reported $3.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.19 by $0.05. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.60 billion. KLA had a return on equity of 65.49% and a net margin of 21.76%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.66 EPS. As a group, equities research analysts expect that KLA Co. will post 12.57 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 2nd. Investors of record on Friday, February 19th will be given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Thursday, February 18th. KLA’s dividend payout ratio is currently 34.78%.
A number of equities analysts have weighed in on KLAC shares. Bank of America upped their price target on KLA from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, October 29th. Citigroup upped their price target on KLA from $236.00 to $360.00 and gave the stock a “buy” rating in a report on Monday, January 25th. Wells Fargo & Company upped their price target on KLA from $255.00 to $300.00 and gave the stock an “equal weight” rating in a report on Thursday, February 4th. Argus upped their price target on KLA from $235.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, January 8th. Finally, Credit Suisse Group increased their target price on KLA from $240.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, February 2nd. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. KLA has an average rating of “Buy” and an average target price of $273.50.
KLA Company Profile
KLA Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the semiconductor fabrication process.
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