KLA Co. (NASDAQ:KLAC) Shares Sold by Zions Bancorporation N.A.

Zions Bancorporation N.A. trimmed its holdings in KLA Co. (NASDAQ:KLAC) by 83.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 184 shares of the semiconductor company’s stock after selling 934 shares during the period. Zions Bancorporation N.A.’s holdings in KLA were worth $116,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in KLA by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 13,484,468 shares of the semiconductor company’s stock valued at $8,496,833,000 after acquiring an additional 85,370 shares during the last quarter. State Street Corp raised 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 valued at $4,630,424,000 after purchasing an additional 145,317 shares in the last quarter. Geode Capital Management LLC lifted its position 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 worth $2,487,971,000 after purchasing an additional 93,743 shares during the last quarter. Amundi grew its stake in KLA by 9.4% in the fourth quarter. Amundi now owns 1,394,260 shares of the semiconductor company’s stock worth $953,774,000 after purchasing an additional 119,845 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in KLA by 5.9% in the fourth quarter. Bank of New York Mellon Corp now owns 1,153,043 shares of the semiconductor company’s stock valued at $726,555,000 after buying an additional 64,238 shares during the last quarter. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on KLAC shares. Susquehanna lifted their target price on KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Cantor Fitzgerald boosted their target price on shares of KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. UBS Group raised their price target on shares of KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. The Goldman Sachs Group boosted their price objective on shares of KLA from $759.00 to $864.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Finally, Barclays lifted their target price on KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, KLA presently has a consensus rating of “Moderate Buy” and an average price target of $830.67.

KLA Trading Down 2.3 %

Shares of NASDAQ:KLAC opened at $705.54 on Thursday. KLA Co. has a twelve month low of $609.40 and a twelve month high of $896.32. 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 firm has a market cap of $93.76 billion, a P/E ratio of 29.67, a P/E/G ratio of 1.57 and a beta of 1.30. The company has a 50 day moving average of $730.46 and a 200-day moving average of $703.39.

KLA (NASDAQ:KLAC) last issued its quarterly 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 return on equity of 108.60% and a net margin of 29.58%. As a group, analysts anticipate that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th were given a dividend of $1.70 per share. The ex-dividend date was Monday, February 24th. This represents a $6.80 annualized dividend and a dividend yield of 0.96%. KLA’s dividend payout ratio (DPR) is 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.