Cypress Capital Group Decreases Position in KLA Co. (NASDAQ:KLAC)

Cypress Capital Group lessened its holdings in KLA Co. (NASDAQ:KLAC) by 22.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,116 shares of the semiconductor company’s stock after selling 325 shares during the period. Cypress Capital Group’s holdings in KLA were worth $703,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Hutchens & Kramer Investment Management Group LLC boosted its position in KLA by 3.3% in the 4th quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company’s stock valued at $259,000 after buying an additional 13 shares during the period. Richardson Financial Services Inc. lifted its position in shares of KLA by 5.9% during the 4th quarter. Richardson Financial Services Inc. now owns 253 shares of the semiconductor company’s stock worth $160,000 after purchasing an additional 14 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of KLA by 6.5% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 246 shares of the semiconductor company’s stock worth $155,000 after purchasing an additional 15 shares during the last quarter. Catalyst Financial Partners LLC lifted its position in shares of KLA by 2.0% during the 4th quarter. Catalyst Financial Partners LLC now owns 755 shares of the semiconductor company’s stock worth $476,000 after purchasing an additional 15 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in shares of KLA by 1.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,433 shares of the semiconductor company’s stock worth $1,110,000 after purchasing an additional 16 shares during the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Trading Up 2.4 %

NASDAQ KLAC opened at $715.81 on Thursday. 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 $95.12 billion, a PE ratio of 30.10, a P/E/G ratio of 1.57 and a beta of 1.28. KLA Co. has a one year low of $609.40 and a one year high of $896.32. The firm’s fifty day moving average is $720.01 and its two-hundred day moving average is $712.45.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 year.

KLA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th were paid a dividend of $1.70 per share. The ex-dividend date was Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.95%. KLA’s dividend payout ratio (DPR) is 28.60%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on KLAC. StockNews.com cut shares of KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Needham & Company LLC lifted their price objective on shares of KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Cantor Fitzgerald lifted their price objective on shares of KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. UBS Group lifted 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. Finally, Susquehanna lifted their price target 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. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, KLA currently has an average rating of “Moderate Buy” and an average 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.