Little House Capital LLC Sells 663 Shares of KLA Co. (NASDAQ:KLAC)

Little House Capital LLC decreased its position in KLA Co. (NASDAQ:KLAC) by 29.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,553 shares of the semiconductor company’s stock after selling 663 shares during the quarter. Little House Capital LLC’s holdings in KLA were worth $978,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp increased its stake in shares of KLA by 2.5% in the 3rd quarter. State Street Corp now owns 5,979,293 shares of the semiconductor company’s stock worth $4,630,424,000 after acquiring an additional 145,317 shares in the last quarter. Mizuho Securities USA LLC grew its holdings in KLA by 32,828.8% in the third quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock worth $2,647,708,000 after purchasing an additional 3,408,617 shares during the period. Geode Capital Management LLC increased its stake in shares of KLA by 3.0% during the third quarter. Geode Capital Management LLC now owns 3,221,694 shares of the semiconductor company’s stock valued at $2,487,971,000 after purchasing an additional 93,743 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of KLA by 25.7% during the third quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock valued at $1,083,684,000 after purchasing an additional 286,015 shares during the last quarter. Finally, Alkeon Capital Management LLC boosted its position in shares of KLA by 5.5% in the 3rd quarter. Alkeon Capital Management LLC now owns 945,835 shares of the semiconductor company’s stock worth $732,464,000 after purchasing an additional 49,470 shares in the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Trading Down 1.8 %

KLA stock opened at $750.74 on Friday. KLA Co. has a 52-week low of $609.40 and a 52-week high of $896.32. The company has a market cap of $99.77 billion, a P/E ratio of 31.57, a P/E/G ratio of 1.54 and a beta of 1.28. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64. The business has a 50-day simple moving average of $697.11 and a two-hundred day simple moving average of $714.99.

KLA (NASDAQ:KLAC) last announced its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%. Analysts predict that KLA Co. will post 31.59 EPS for the current year.

KLA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors 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 yield of 0.91%. KLA’s dividend payout ratio is currently 28.60%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on KLAC shares. Barclays raised their price objective on KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Morgan Stanley raised their price target on KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft upped their price target on shares of KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Oppenheimer upgraded shares of KLA from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $750.00 to $850.00 in a research note on Thursday, October 31st. Finally, Susquehanna upped their target price on shares of KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $831.68.

KLA 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.