Trust Investment Advisors Sells 115 Shares of KLA Co. (NASDAQ:KLAC)

Trust Investment Advisors decreased its position in shares of KLA Co. (NASDAQ:KLAC) by 8.9% in the 4th quarter, Holdings Channel reports. The fund owned 1,173 shares of the semiconductor company’s stock after selling 115 shares during the quarter. Trust Investment Advisors’ holdings in KLA were worth $739,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Hutchens & Kramer Investment Management Group LLC grew its holdings 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 buying an additional 13 shares in the last quarter. Richardson Financial Services Inc. grew its stake in KLA by 5.9% during the fourth quarter. Richardson Financial Services Inc. now owns 253 shares of the semiconductor company’s stock valued at $160,000 after acquiring an additional 14 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its holdings in 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 acquiring an additional 15 shares during the period. Catalyst Financial Partners LLC lifted its stake in KLA by 2.0% in 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 in the last quarter. Finally, TFB Advisors LLC boosted its holdings in KLA by 3.4% in the 4th quarter. TFB Advisors LLC now owns 489 shares of the semiconductor company’s stock valued at $308,000 after purchasing an additional 16 shares during the period. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Stock Performance

Shares of KLAC opened at $721.85 on Wednesday. KLA Co. has a one year low of $609.40 and a one year high of $896.32. The company has a 50-day simple moving average of $730.67 and a two-hundred day simple moving average of $703.37. 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 firm has a market capitalization of $95.92 billion, a PE ratio of 30.36, a price-to-earnings-growth ratio of 1.57 and a beta of 1.30.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, topping the consensus estimate of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. On average, analysts anticipate that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Monday, February 24th were paid a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend was Monday, February 24th. KLA’s payout ratio is currently 28.60%.

Wall Street Analyst Weigh In

KLAC has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft increased 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. 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. StockNews.com lowered KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Susquehanna raised their target price on shares of KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Finally, Wells Fargo & Company boosted their price target 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. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $830.67.

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.