Norris Perne & French LLP MI Lowers Position in KLA Co. (NASDAQ:KLAC)

Norris Perne & French LLP MI decreased its stake in shares of KLA Co. (NASDAQ:KLAC) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,926 shares of the semiconductor company’s stock after selling 74 shares during the period. Norris Perne & French LLP MI’s holdings in KLA were worth $13,186,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of KLAC. Legacy Investment Solutions LLC acquired a new stake in shares of KLA during the 3rd quarter worth $29,000. Groupama Asset Managment increased its stake in KLA by 82.3% during the third quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 2,038 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of KLA in the 3rd quarter worth about $38,000. FSA Wealth Management LLC acquired a new position in shares of KLA in the 3rd quarter valued at about $53,000. Finally, Peterson Financial Group Inc. purchased a new stake in shares of KLA during the 3rd quarter worth about $56,000. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Analyst Ratings Changes

KLAC has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reduced their price target on shares of KLA from $890.00 to $750.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. The Goldman Sachs Group lowered their price target on KLA from $850.00 to $759.00 and set a “buy” rating for the company in a report on Friday, January 10th. StockNews.com cut KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $925.00 target price on shares of KLA in a research note on Tuesday, October 8th. Finally, Wells Fargo & Company reduced their price target on KLA from $800.00 to $795.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, KLA presently has an average rating of “Moderate Buy” and a consensus target price of $812.47.

KLA Trading Up 4.1 %

NASDAQ:KLAC opened at $742.43 on Friday. The company has a market cap of $99.31 billion, a PE ratio of 33.90, a P/E/G ratio of 1.54 and a beta of 1.27. The business’s 50 day moving average is $671.76 and its two-hundred day moving average is $718.50. The company has a quick ratio of 1.48, a current ratio of 2.13 and a debt-to-equity ratio of 1.65. KLA Co. has a 52 week low of $581.70 and a 52 week high of $896.32.

KLA (NASDAQ:KLAC) last released its quarterly earnings data 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 28.92% and a return on equity of 105.16%. On average, analysts predict that KLA Co. will post 30.34 EPS for the current year.

KLA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were paid a dividend of $1.70 per share. This is a positive change from KLA’s previous quarterly dividend of $1.45. The ex-dividend date was Monday, November 18th. This represents a $6.80 annualized dividend and a yield of 0.92%. KLA’s dividend payout ratio is 31.05%.

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.