Lake Street Advisors Group LLC Sells 205 Shares of KLA Co. (NASDAQ:KLAC)

Lake Street Advisors Group LLC trimmed its stake in shares of KLA Co. (NASDAQ:KLAC) by 16.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,070 shares of the semiconductor company’s stock after selling 205 shares during the quarter. Lake Street Advisors Group LLC’s holdings in KLA were worth $674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in KLAC. Hutchens & Kramer Investment Management Group LLC increased its stake in KLA by 3.3% during the 4th quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company’s stock valued at $259,000 after purchasing an additional 13 shares in the last quarter. Richardson Financial Services Inc. increased its position in KLA by 5.9% in the fourth quarter. Richardson Financial Services Inc. now owns 253 shares of the semiconductor company’s stock worth $160,000 after buying an additional 14 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position in KLA by 6.5% during the fourth 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 period. Catalyst Financial Partners LLC increased its stake in shares of KLA by 2.0% in the fourth quarter. Catalyst Financial Partners LLC now owns 755 shares of the semiconductor company’s stock worth $476,000 after purchasing an additional 15 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in shares of KLA by 1.1% in the third quarter. Harbor Capital Advisors Inc. now owns 1,433 shares of the semiconductor company’s stock valued at $1,110,000 after purchasing an additional 16 shares during the period. 86.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on KLAC shares. Stifel Nicolaus lifted their price objective on shares of KLA from $800.00 to $825.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Needham & Company LLC lifted their price target on KLA from $800.00 to $830.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Oppenheimer raised KLA from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $750.00 to $850.00 in a report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft lifted their target price on KLA from $725.00 to $850.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, Cantor Fitzgerald increased their price target on shares of KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $831.68.

KLA Stock Performance

NASDAQ:KLAC opened at $699.16 on Friday. The company has a market cap of $92.91 billion, a P/E ratio of 29.40, a P/E/G ratio of 1.57 and a beta of 1.28. The firm’s 50 day moving average is $715.28 and its two-hundred day moving average is $715.74. KLA Co. has a fifty-two week low of $609.40 and a fifty-two week high of $896.32. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64.

KLA (NASDAQ:KLAC) last released its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 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 EPS for the current year.

KLA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Monday, February 24th will be given a $1.70 dividend. The ex-dividend date is Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a yield of 0.97%. KLA’s dividend payout ratio is presently 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.