Personal CFO Solutions LLC Has $230,000 Stake in KLA Co. (NASDAQ:KLAC)

Personal CFO Solutions LLC trimmed its stake in shares of KLA Co. (NASDAQ:KLAC) by 12.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 364 shares of the semiconductor company’s stock after selling 52 shares during the period. Personal CFO Solutions LLC’s holdings in KLA were worth $230,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in KLAC. Mizuho Securities USA LLC raised its holdings in shares of KLA by 32,828.8% during the third quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock worth $2,647,708,000 after acquiring an additional 3,408,617 shares during the period. Proficio Capital Partners LLC increased its stake in KLA by 114,444.5% in the 4th quarter. Proficio Capital Partners LLC now owns 342,488 shares of the semiconductor company’s stock valued at $215,809,000 after buying an additional 342,189 shares during the last quarter. Two Sigma Advisers LP increased its stake in KLA by 10,766.7% in the 3rd quarter. Two Sigma Advisers LP now owns 228,200 shares of the semiconductor company’s stock valued at $176,720,000 after buying an additional 226,100 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in KLA in the 4th quarter valued at $142,221,000. Finally, Assenagon Asset Management S.A. increased its stake in KLA by 84.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 441,053 shares of the semiconductor company’s stock valued at $277,916,000 after buying an additional 201,649 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Morgan Stanley lifted their price target 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. Wells Fargo & Company lifted their price target 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. Needham & Company LLC lifted their price target on shares of KLA from $800.00 to $830.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Stifel Nicolaus lifted their price target 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. Finally, The Goldman Sachs Group lifted 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. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $831.68.

KLA Price Performance

Shares of NASDAQ:KLAC opened at $664.22 on Wednesday. The firm has a 50 day moving average of $723.78 and a 200-day moving average of $708.11. The stock has a market capitalization of $88.27 billion, a PE ratio of 27.93, a PEG ratio of 1.57 and a beta of 1.30. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. KLA Co. has a 12 month low of $609.40 and a 12 month high of $896.32.

KLA (NASDAQ:KLAC) last issued its earnings results 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, equities research analysts predict that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Monday, February 24th were given a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend was Monday, February 24th. KLA’s dividend payout ratio is 28.60%.

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.