Strategy Asset Managers LLC Sells 427 Shares of KLA Co. (NASDAQ:KLAC)

Strategy Asset Managers LLC lowered its stake in KLA Co. (NASDAQ:KLAC) by 40.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 632 shares of the semiconductor company’s stock after selling 427 shares during the period. Strategy Asset Managers LLC’s holdings in KLA were worth $398,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in KLAC. Legacy Investment Solutions LLC purchased a new stake in KLA during the 3rd quarter valued at about $29,000. Tortoise Investment Management LLC lifted its stake in shares of KLA by 300.0% in the fourth quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company’s stock worth $30,000 after buying an additional 36 shares in the last quarter. TCTC Holdings LLC purchased a new stake in shares of KLA during the fourth quarter valued at approximately $31,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of KLA during the fourth quarter valued at approximately $32,000. Finally, Groupama Asset Managment increased its position in shares of KLA by 82.3% during the third quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 2,038 shares in the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Stock Down 3.8 %

Shares of KLAC stock opened at $673.60 on Friday. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63. KLA Co. has a one year low of $609.40 and a one year high of $896.32. The company’s fifty day moving average price is $727.83 and its 200-day moving average price is $703.04. The company has a market capitalization of $89.51 billion, a price-to-earnings ratio of 28.33, a PEG ratio of 1.57 and a beta of 1.30.

KLA (NASDAQ:KLAC) last announced 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 return on equity of 108.60% and a net margin of 29.58%. Sell-side analysts expect 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. Stockholders of record on Monday, February 24th were given a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Monday, February 24th. KLA’s payout ratio is currently 28.60%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on KLAC shares. Deutsche Bank Aktiengesellschaft upped their price target on KLA from $725.00 to $850.00 and gave the company a “buy” rating in a report on Friday, January 31st. Stifel Nicolaus raised their price target on shares of KLA from $800.00 to $825.00 and gave the company a “buy” rating in a report on Friday, January 31st. Needham & Company LLC boosted their price objective on shares of KLA from $800.00 to $830.00 and gave the company a “buy” rating in a report on Friday, January 31st. Wells Fargo & Company raised their target price on shares of KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Finally, Cantor Fitzgerald boosted their target price on shares of KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $825.39.

Insider Transactions at KLA

In other KLA news, CFO Bren D. Higgins sold 7,008 shares of the business’s 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 owns 28,798 shares in the company, valued at $20,867,606.76. The trade was a 19.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.12% of the company’s stock.

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.