Parallel Advisors LLC Sells 19 Shares of KLA Co. (NASDAQ:KLAC)

Parallel Advisors LLC decreased its stake in KLA Co. (NASDAQ:KLAC) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,051 shares of the semiconductor company’s stock after selling 19 shares during the period. Parallel Advisors LLC’s holdings in KLA were worth $1,292,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KLAC. Parnassus Investments LLC lifted its stake in KLA by 381.3% in the 4th quarter. Parnassus Investments LLC now owns 733,328 shares of the semiconductor company’s stock valued at $462,085,000 after purchasing an additional 580,967 shares during the last quarter. Proficio Capital Partners LLC lifted its stake in KLA by 114,444.5% in the 4th quarter. Proficio Capital Partners LLC now owns 342,488 shares of the semiconductor company’s stock valued at $215,809,000 after purchasing an additional 342,189 shares during the last quarter. Two Sigma Advisers LP lifted its stake in KLA by 10,766.7% in the 3rd quarter. Two Sigma Advisers LP now owns 228,200 shares of the semiconductor company’s stock valued at $176,720,000 after purchasing an additional 226,100 shares during the last quarter. Raymond James Financial Inc. bought a new position in KLA in the 4th quarter valued at approximately $142,221,000. Finally, Assenagon Asset Management S.A. lifted its stake in KLA by 84.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 441,053 shares of the semiconductor company’s stock valued at $277,916,000 after purchasing an additional 201,649 shares during the last quarter. Institutional investors own 86.65% of the company’s stock.

KLA Trading Down 1.2 %

NASDAQ:KLAC opened at $710.00 on Wednesday. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $94.35 billion, a price-to-earnings ratio of 29.86, a PEG ratio of 1.57 and a beta of 1.30. The firm has a fifty day simple moving average of $727.78 and a two-hundred day simple moving average of $704.39. 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 EPS for the quarter, topping analysts’ consensus estimates of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%. Analysts expect that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were issued a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Monday, February 24th. KLA’s payout ratio is 28.60%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Susquehanna increased their price objective on shares of KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Stifel Nicolaus upped their price target on shares of KLA from $800.00 to $825.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Wells Fargo & Company upped their price target on shares of KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Barclays upped their price target on shares of KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Finally, StockNews.com cut shares of KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $830.67.

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.