Sanctuary Advisors LLC Sells 86 Shares of KLA Co. (NASDAQ:KLAC)

Sanctuary Advisors LLC reduced its holdings in shares of KLA Co. (NASDAQ:KLAC) by 0.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 21,775 shares of the semiconductor company’s stock after selling 86 shares during the period. Sanctuary Advisors LLC’s holdings in KLA were worth $13,721,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Legacy Investment Solutions LLC bought a new position in KLA in the third quarter valued at about $29,000. Capital Performance Advisors LLP bought a new position in KLA in the third quarter valued at about $38,000. FSA Wealth Management LLC bought a new position in KLA in the third quarter valued at about $53,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in KLA in the fourth quarter valued at about $43,000. Finally, Peterson Financial Group Inc. bought a new position in KLA in the third quarter valued at about $56,000. 86.65% of the stock is currently owned by institutional investors.

KLA Trading Up 1.0 %

Shares of KLA stock opened at $758.25 on Wednesday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36. KLA Co. has a 52 week low of $609.40 and a 52 week high of $896.32. The stock has a 50 day moving average price of $699.08 and a two-hundred day moving average price of $714.19. The stock has a market capitalization of $100.76 billion, a PE ratio of 31.89, a price-to-earnings-growth ratio of 1.54 and a beta of 1.28.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, beating analysts’ consensus estimates of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. As a group, equities analysts anticipate that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th will be paid a $1.70 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a yield of 0.90%. KLA’s dividend payout ratio (DPR) is presently 28.60%.

Analyst Ratings Changes

KLAC has been the subject of a number of analyst reports. StockNews.com downgraded KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Susquehanna raised their price objective on KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. The Goldman Sachs Group raised their price objective on KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Cantor Fitzgerald raised their price objective on KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $831.68.

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.