Peak Financial Advisors LLC Sells 2,302 Shares of KLA Co. (NASDAQ:KLAC)

Peak Financial Advisors LLC reduced its stake in KLA Co. (NASDAQ:KLAC) by 58.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,620 shares of the semiconductor company’s stock after selling 2,302 shares during the period. Peak Financial Advisors LLC’s holdings in KLA were worth $1,021,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of KLAC. CVA Family Office LLC raised its holdings in KLA by 3.7% in the 3rd quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company’s stock valued at $283,000 after acquiring an additional 13 shares during the period. Marcum Wealth LLC increased its stake in shares of KLA by 4.1% during the third quarter. Marcum Wealth LLC now owns 384 shares of the semiconductor company’s stock worth $297,000 after purchasing an additional 15 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in KLA by 1.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,433 shares of the semiconductor company’s stock worth $1,110,000 after purchasing an additional 16 shares during the last quarter. Ascent Wealth Partners LLC lifted its holdings in shares of KLA by 0.4% during the third quarter. Ascent Wealth Partners LLC now owns 4,466 shares of the semiconductor company’s stock worth $3,459,000 after buying an additional 16 shares in the last quarter. Finally, Citizens Financial Group Inc. RI boosted its holdings in KLA by 2.8% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 582 shares of the semiconductor company’s stock valued at $451,000 after purchasing an additional 16 shares during the period. 86.65% of the stock is owned by institutional investors.

KLA Price Performance

Shares of NASDAQ KLAC opened at $716.00 on Wednesday. The company has a quick ratio of 1.48, a current ratio of 2.13 and a debt-to-equity ratio of 1.65. The company has a market capitalization of $95.77 billion, a PE ratio of 32.69, a P/E/G ratio of 1.39 and a beta of 1.27. The firm has a fifty day simple moving average of $651.44 and a 200 day simple moving average of $726.56. KLA Co. has a twelve month low of $552.85 and a twelve month high of $896.32.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.03 by $0.30. KLA had a return on equity of 105.16% and a net margin of 28.92%. The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.75 billion. During the same period in the previous year, the business earned $5.74 EPS. The firm’s revenue was up 18.5% compared to the same quarter last year. On average, sell-side analysts forecast that KLA Co. will post 30.61 EPS for the current year.

KLA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th were given a dividend of $1.70 per share. This is an increase from KLA’s previous quarterly dividend of $1.45. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.80 annualized dividend and a dividend yield of 0.95%. KLA’s dividend payout ratio (DPR) is 31.05%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on KLAC shares. Wells Fargo & Company reduced their price objective on shares of KLA from $800.00 to $795.00 and set an “overweight” rating on the stock in a research note on Monday. Needham & Company LLC raised shares of KLA from a “hold” rating to a “buy” rating and set a $750.00 target price for the company in a report on Monday. Deutsche Bank Aktiengesellschaft decreased their price target on shares of KLA from $890.00 to $750.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Barclays cut their target price on shares of KLA from $800.00 to $750.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group dropped their price target on KLA from $850.00 to $759.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, KLA currently has a consensus rating of “Moderate Buy” and an average price target of $809.10.

About KLA

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.