OLD National Bancorp IN Sells 1,069 Shares of KLA Co. (NASDAQ:KLAC)

OLD National Bancorp IN cut its stake in KLA Co. (NASDAQ:KLAC) by 1.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 59,164 shares of the semiconductor company’s stock after selling 1,069 shares during the period. KLA makes up 0.9% of OLD National Bancorp IN’s holdings, making the stock its 19th largest position. OLD National Bancorp IN’s holdings in KLA were worth $37,280,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Swedbank AB boosted its holdings in KLA by 0.4% during the third quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock worth $426,660,000 after purchasing an additional 2,019 shares during the last quarter. Diversify Advisory Services LLC grew its holdings in shares of KLA by 22.7% in the 4th quarter. Diversify Advisory Services LLC now owns 648 shares of the semiconductor company’s stock valued at $443,000 after acquiring an additional 120 shares in the last quarter. Community Financial Services Group LLC increased its position in shares of KLA by 538.5% in the third quarter. Community Financial Services Group LLC now owns 7,445 shares of the semiconductor company’s stock valued at $5,765,000 after acquiring an additional 6,279 shares during the last quarter. Eastern Bank raised its holdings in KLA by 655.8% during the third quarter. Eastern Bank now owns 27,368 shares of the semiconductor company’s stock worth $21,194,000 after acquiring an additional 23,747 shares in the last quarter. Finally, ING Groep NV boosted its position in KLA by 52.4% during the third quarter. ING Groep NV now owns 79,763 shares of the semiconductor company’s stock valued at $61,769,000 after purchasing an additional 27,436 shares during the last quarter. Institutional investors own 86.65% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on KLAC shares. StockNews.com downgraded KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Needham & Company LLC raised shares of KLA from a “hold” rating to a “buy” rating and set a $750.00 price objective for the company in a research report on Monday, January 13th. Barclays dropped their target price on shares of KLA from $750.00 to $700.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Oppenheimer upgraded KLA from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $750.00 to $850.00 in a report on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on KLA from $890.00 to $750.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, KLA has a consensus rating of “Moderate Buy” and an average price target of $812.47.

KLA Trading Up 1.4 %

Shares of KLAC stock opened at $712.97 on Thursday. The stock has a 50 day simple moving average of $669.84 and a 200 day simple moving average of $718.54. KLA Co. has a 1 year low of $581.70 and a 1 year high of $896.32. The company has a current ratio of 2.13, a quick ratio of 1.48 and a debt-to-equity ratio of 1.65. The stock has a market cap of $95.37 billion, a P/E ratio of 32.56, a price-to-earnings-growth ratio of 1.66 and a beta of 1.27.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, topping 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 analysts’ expectations of $2.75 billion. During the same quarter last year, the business earned $5.74 earnings per share. KLA’s revenue was up 18.5% on a year-over-year basis. On average, research analysts predict that KLA Co. will post 30.34 earnings per share for the current fiscal year.

KLA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th were given a $1.70 dividend. The ex-dividend date was Monday, November 18th. This is a boost from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 annualized dividend and a dividend yield of 0.95%. KLA’s payout ratio is presently 31.05%.

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.