Los Angeles Capital Management LLC Sells 17,580 Shares of KLA Co. (NASDAQ:KLAC)

Los Angeles Capital Management LLC decreased its holdings in KLA Co. (NASDAQ:KLAC) by 11.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 131,260 shares of the semiconductor company’s stock after selling 17,580 shares during the period. Los Angeles Capital Management LLC owned approximately 0.10% of KLA worth $82,710,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KLAC. Legacy Investment Solutions LLC acquired a new position in KLA during the 3rd quarter worth about $29,000. Groupama Asset Managment boosted its position in shares of KLA by 82.3% during the 3rd quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 2,038 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of KLA during the 3rd quarter valued at about $38,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of KLA during the 4th quarter valued at about $43,000. Finally, Ameliora Wealth Management Ltd. bought a new stake in shares of KLA during the 4th quarter valued at about $47,000. 86.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. TD Cowen cut their price target on KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. StockNews.com lowered KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft increased 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. The Goldman Sachs Group increased their price target on KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, UBS Group increased their price objective on KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $831.68.

KLA Price Performance

NASDAQ:KLAC opened at $737.57 on Tuesday. The firm has a market capitalization of $98.01 billion, a price-to-earnings ratio of 31.02, a P/E/G ratio of 1.57 and a beta of 1.28. KLA Co. has a 52-week low of $609.40 and a 52-week high of $896.32. The stock has a fifty day moving average of $710.18 and a 200 day moving average of $715.85. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data 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 return on equity of 108.60% and a net margin of 29.58%. On average, research analysts expect that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders 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 annualized dividend and a dividend yield of 0.92%. KLA’s dividend payout ratio is currently 28.60%.

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.