LM Advisors LLC Sells 481 Shares of KLA Co. (NASDAQ:KLAC)

LM Advisors LLC lessened its holdings in shares of KLA Co. (NASDAQ:KLAC) by 50.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 480 shares of the semiconductor company’s stock after selling 481 shares during the period. LM Advisors LLC’s holdings in KLA were worth $302,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Legacy Investment Solutions LLC acquired a new stake in shares of KLA in the third quarter valued at approximately $29,000. Tortoise Investment Management LLC boosted its position in KLA by 300.0% in the 4th quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 36 shares during the last quarter. TCTC Holdings LLC acquired a new stake in shares of KLA in the 4th quarter valued at $31,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of KLA during the fourth quarter worth $32,000. Finally, Fairfield Financial Advisors LTD lifted its stake in shares of KLA by 160.0% during the fourth quarter. Fairfield Financial Advisors LTD now owns 65 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 40 shares during the period. 86.65% of the stock is currently owned by institutional investors and hedge funds.

KLA Stock Performance

Shares of KLAC stock opened at $700.00 on Friday. The company has a market capitalization of $93.02 billion, a P/E ratio of 29.44, a price-to-earnings-growth ratio of 1.57 and a beta of 1.30. KLA Co. has a 52 week low of $609.40 and a 52 week high of $896.32. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36. The company’s 50 day moving average price is $729.51 and its two-hundred day moving average price is $703.36.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 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%. On average, analysts expect that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Monday, February 24th were given a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend was Monday, February 24th. KLA’s dividend payout ratio is presently 28.60%.

Analysts Set New Price Targets

KLAC has been the subject of a number of research reports. The Goldman Sachs Group lifted their price objective on KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft boosted 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. Wells Fargo & Company raised their price objective on shares of KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Susquehanna upped their target price on shares of KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Finally, Cantor Fitzgerald increased their price target on KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $830.67.

Insider Buying and Selling at KLA

In other KLA news, CFO Bren D. Higgins sold 7,008 shares of KLA stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $724.62, for a total value of $5,078,136.96. Following the sale, the chief financial officer now directly owns 28,798 shares in the company, valued at approximately $20,867,606.76. The trade was a 19.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.12% of the company’s stock.

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.