Deseret Mutual Benefit Administrators Has $301,000 Stock Position in KLA Co. (NASDAQ:KLAC)

Deseret Mutual Benefit Administrators lessened its holdings in shares of KLA Co. (NASDAQ:KLAC) by 6.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 478 shares of the semiconductor company’s stock after selling 31 shares during the quarter. Deseret Mutual Benefit Administrators’ holdings in KLA were worth $301,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Greystone Financial Group LLC increased its holdings in shares of KLA by 16.2% during the 4th quarter. Greystone Financial Group LLC now owns 1,401 shares of the semiconductor company’s stock worth $883,000 after acquiring an additional 195 shares during the last quarter. Crumly & Associates Inc. boosted its position in KLA by 14.0% during the fourth quarter. Crumly & Associates Inc. now owns 954 shares of the semiconductor company’s stock worth $601,000 after purchasing an additional 117 shares during the period. Paradigm Asset Management Co. LLC acquired a new position in shares of KLA in the fourth quarter valued at $126,000. Parcion Private Wealth LLC raised its position in shares of KLA by 6.3% in the fourth quarter. Parcion Private Wealth LLC now owns 14,565 shares of the semiconductor company’s stock valued at $9,178,000 after purchasing an additional 858 shares during the period. Finally, Handelsbanken Fonder AB lifted its stake in shares of KLA by 10.1% during the 4th quarter. Handelsbanken Fonder AB now owns 65,003 shares of the semiconductor company’s stock worth $40,960,000 after buying an additional 5,975 shares during the last quarter. Institutional investors own 86.65% of the company’s stock.

KLA Price Performance

KLAC stock opened at $754.30 on Friday. The company’s 50-day moving average price is $706.54 and its two-hundred day moving average price is $715.48. The firm has a market cap of $100.24 billion, a P/E ratio of 31.72, a P/E/G ratio of 1.57 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. KLA Co. has a 12 month low of $609.40 and a 12 month high of $896.32.

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 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%. On average, analysts anticipate that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th will be paid a $1.70 dividend. The ex-dividend date is Monday, February 24th. This represents a $6.80 annualized dividend and a dividend yield of 0.90%. KLA’s payout ratio is 28.60%.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. StockNews.com lowered shares of KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Wells Fargo & Company upped their target price on KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft lifted 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. Needham & Company LLC upped their price objective on KLA from $800.00 to $830.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, TD Cowen lowered their price objective on KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $831.68.

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.