Capital Advisors Ltd. LLC Sells 23 Shares of KLA Co. (NASDAQ:KLAC)

Capital Advisors Ltd. LLC cut its holdings in KLA Co. (NASDAQ:KLAC) by 7.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 282 shares of the semiconductor company’s stock after selling 23 shares during the period. Capital Advisors Ltd. LLC’s holdings in KLA were worth $178,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Swedbank AB increased its position in KLA by 0.4% in the third quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock worth $426,660,000 after buying an additional 2,019 shares in the last quarter. Private Advisor Group LLC raised its stake in KLA by 0.5% during the 3rd quarter. Private Advisor Group LLC now owns 5,750 shares of the semiconductor company’s stock worth $4,453,000 after acquiring an additional 28 shares during the period. Colton Groome Financial Advisors LLC lifted its holdings in KLA by 6.8% during the third quarter. Colton Groome Financial Advisors LLC now owns 2,903 shares of the semiconductor company’s stock valued at $2,248,000 after purchasing an additional 185 shares in the last quarter. Inscription Capital LLC boosted its position in shares of KLA by 5.5% in the third quarter. Inscription Capital LLC now owns 1,404 shares of the semiconductor company’s stock worth $1,088,000 after purchasing an additional 73 shares during the period. Finally, Asahi Life Asset Management CO. LTD. purchased a new stake in shares of KLA in the third quarter worth $534,000. Institutional investors own 86.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Stifel Nicolaus lifted their target price on shares of KLA from $800.00 to $825.00 and gave the company a “buy” rating in a research note on Friday, January 31st. StockNews.com cut shares of KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Morgan Stanley lifted their target price on shares of KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. Oppenheimer upgraded shares of KLA from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $750.00 to $850.00 in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group lifted their target price on shares of KLA from $759.00 to $864.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $831.68.

KLA Stock Down 2.2 %

Shares of NASDAQ KLAC opened at $737.57 on Tuesday. The firm’s 50-day moving average price is $710.18 and its 200-day moving average price is $715.85. 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 $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 12-month low of $609.40 and a 12-month high of $896.32.

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

KLA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Monday, February 24th will be issued a dividend of $1.70 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $6.80 annualized dividend and a yield of 0.92%. KLA’s payout ratio 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.