Savant Capital LLC Sells 200 Shares of KLA Co. (NASDAQ:KLAC)

Savant Capital LLC reduced its stake in shares of KLA Co. (NASDAQ:KLAC) by 8.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,305 shares of the semiconductor company’s stock after selling 200 shares during the quarter. Savant Capital LLC’s holdings in KLA were worth $1,452,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in KLAC. Mizuho Securities USA LLC increased its position 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 valued at $2,647,708,000 after buying an additional 3,408,617 shares during the period. International Assets Investment Management LLC grew its holdings in shares of KLA by 76,452.4% during the 3rd quarter. International Assets Investment Management LLC now owns 302,382 shares of the semiconductor company’s stock worth $234,168,000 after acquiring an additional 301,987 shares during the period. Van ECK Associates Corp raised its position in shares of KLA by 25.7% in the 3rd quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock worth $1,083,684,000 after acquiring an additional 286,015 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of KLA by 6,188.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 239,404 shares of the semiconductor company’s stock valued at $185,397,000 after purchasing an additional 235,597 shares during the period. Finally, Two Sigma Advisers LP boosted its position in shares of KLA by 10,766.7% during the third quarter. Two Sigma Advisers LP now owns 228,200 shares of the semiconductor company’s stock valued at $176,720,000 after purchasing an additional 226,100 shares in the last quarter. 86.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on KLAC. Wells Fargo & Company increased their price objective on KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. UBS Group increased their price target on shares of KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Susquehanna boosted their price objective on shares of KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Oppenheimer raised shares of KLA from a “market perform” rating to an “outperform” rating and raised their target price for the company from $750.00 to $850.00 in a research note on Thursday, October 31st. Finally, TD Cowen dropped their price target on KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $831.68.

KLA Price Performance

Shares of NASDAQ:KLAC opened at $764.28 on Friday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36. The firm has a market cap of $101.56 billion, a price-to-earnings ratio of 32.14, a price-to-earnings-growth ratio of 1.54 and a beta of 1.28. The business has a 50-day simple moving average of $692.63 and a two-hundred day simple moving average of $715.14. KLA Co. has a fifty-two week low of $609.40 and a fifty-two week high of $896.32.

KLA (NASDAQ:KLAC) last released its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share 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, analysts expect that KLA Co. will post 31.59 earnings per share for the current year.

KLA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th will be paid a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.89%. KLA’s dividend payout ratio (DPR) is currently 28.60%.

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.