Newman Dignan & Sheerar Inc. Sells 117 Shares of KLA Co. (NASDAQ:KLAC)

Newman Dignan & Sheerar Inc. reduced its position in shares of KLA Co. (NASDAQ:KLAC) by 9.6% during the fourth quarter, Holdings Channel reports. The firm owned 1,097 shares of the semiconductor company’s stock after selling 117 shares during the period. Newman Dignan & Sheerar Inc.’s holdings in KLA were worth $691,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in KLAC. Swedbank AB increased 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 buying an additional 2,019 shares during the last quarter. Diversify Advisory Services LLC increased its holdings in KLA by 22.7% during the fourth quarter. Diversify Advisory Services LLC now owns 648 shares of the semiconductor company’s stock worth $443,000 after buying an additional 120 shares during the last quarter. Community Financial Services Group LLC increased its holdings in KLA by 538.5% during the third quarter. Community Financial Services Group LLC now owns 7,445 shares of the semiconductor company’s stock worth $5,765,000 after buying an additional 6,279 shares during the last quarter. Eastern Bank increased 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 buying an additional 23,747 shares during the last quarter. Finally, ING Groep NV increased its holdings in KLA by 52.4% during the third quarter. ING Groep NV now owns 79,763 shares of the semiconductor company’s stock worth $61,769,000 after buying an additional 27,436 shares during the last quarter. 86.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on KLAC. UBS Group raised their price objective on shares of KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Stifel Nicolaus lifted their target price on shares of KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Wells Fargo & Company lifted their target price on shares of KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Susquehanna lifted their target price 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. Finally, Cantor Fitzgerald lifted their target price on shares of KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, KLA has a consensus rating of “Moderate Buy” and a consensus target price of $831.68.

KLA Trading Down 1.8 %

Shares of KLA stock opened at $750.74 on Friday. KLA Co. has a 1 year low of $609.40 and a 1 year high of $896.32. The firm has a market cap of $99.77 billion, a PE ratio of 31.57, a PEG ratio of 1.54 and a beta of 1.28. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63. The company has a 50 day simple moving average of $697.11 and a two-hundred day simple moving average of $714.99.

KLA (NASDAQ:KLAC) last announced its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (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%. Analysts expect that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.91%. KLA’s dividend payout ratio (DPR) is 28.60%.

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.