180 Wealth Advisors LLC Decreases Holdings in KLA Co. (NASDAQ:KLAC)

180 Wealth Advisors LLC reduced its holdings in shares of KLA Co. (NASDAQ:KLAC) by 76.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,074 shares of the semiconductor company’s stock after selling 3,414 shares during the quarter. 180 Wealth Advisors LLC’s holdings in KLA were worth $677,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in KLAC. Swedbank AB boosted its holdings in KLA by 0.4% in the third quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock valued at $426,660,000 after purchasing an additional 2,019 shares in the last quarter. Community Financial Services Group LLC grew its position in shares of KLA by 538.5% in the 3rd quarter. Community Financial Services Group LLC now owns 7,445 shares of the semiconductor company’s stock valued at $5,765,000 after buying an additional 6,279 shares during the last quarter. Eastern Bank raised its stake in KLA by 655.8% during the 3rd quarter. Eastern Bank now owns 27,368 shares of the semiconductor company’s stock worth $21,194,000 after acquiring an additional 23,747 shares in the last quarter. ING Groep NV lifted its position in KLA by 52.4% in the third quarter. ING Groep NV now owns 79,763 shares of the semiconductor company’s stock valued at $61,769,000 after acquiring an additional 27,436 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in KLA by 14.1% in the third 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. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on KLAC shares. TD Cowen cut their target price on KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. The Goldman Sachs Group cut their price target on KLA from $850.00 to $759.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. Morgan Stanley decreased their price objective on KLA from $746.00 to $703.00 and set an “equal weight” rating for the company in a report on Thursday, December 5th. Susquehanna cut their target price on shares of KLA from $680.00 to $675.00 and set a “neutral” rating on the stock in a report on Friday, October 11th. Finally, Needham & Company LLC upgraded shares of KLA from a “hold” rating to a “buy” rating and set a $750.00 price target for the company in a research note on Monday. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $809.10.

KLA Price Performance

Shares of NASDAQ:KLAC opened at $701.26 on Wednesday. The firm has a market capitalization of $93.80 billion, a price-to-earnings ratio of 32.02, a price-to-earnings-growth ratio of 1.39 and a beta of 1.27. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.13 and a quick ratio of 1.48. The business’s 50 day simple moving average is $651.44 and its 200-day simple moving average is $726.56. KLA Co. has a 12 month low of $552.85 and a 12 month high of $896.32.

KLA (NASDAQ:KLAC) last posted its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, topping analysts’ consensus estimates of $7.03 by $0.30. KLA had a return on equity of 105.16% and a net margin of 28.92%. The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.75 billion. During the same period in the previous year, the business earned $5.74 earnings per share. KLA’s quarterly revenue was up 18.5% compared to the same quarter last year. As a group, equities analysts forecast that KLA Co. will post 30.61 earnings per share for the current fiscal year.

KLA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th were issued a dividend of $1.70 per share. This is an increase from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 annualized dividend and a yield of 0.97%. The ex-dividend date was Monday, November 18th. KLA’s dividend payout ratio (DPR) is 31.05%.

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.