Center For Asset Management LLC Has $506,000 Stake in KLA Co. (NASDAQ:KLAC)

Center For Asset Management LLC trimmed its position in KLA Co. (NASDAQ:KLACFree Report) by 6.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 871 shares of the semiconductor company’s stock after selling 58 shares during the quarter. Center For Asset Management LLC’s holdings in KLA were worth $506,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. AdvisorNet Financial Inc raised its stake in KLA by 29.3% during the fourth quarter. AdvisorNet Financial Inc now owns 75 shares of the semiconductor company’s stock worth $44,000 after acquiring an additional 17 shares in the last quarter. Value Aligned Research Advisors LLC grew its holdings in shares of KLA by 0.7% during the fourth quarter. Value Aligned Research Advisors LLC now owns 45,331 shares of the semiconductor company’s stock worth $26,351,000 after purchasing an additional 326 shares during the last quarter. Fifth Third Bancorp boosted its holdings in KLA by 9.1% in the fourth quarter. Fifth Third Bancorp now owns 4,137 shares of the semiconductor company’s stock valued at $2,405,000 after acquiring an additional 346 shares during the last quarter. ICICI Prudential Asset Management Co Ltd boosted its holdings in KLA by 8.5% in the fourth quarter. ICICI Prudential Asset Management Co Ltd now owns 1,319 shares of the semiconductor company’s stock valued at $767,000 after acquiring an additional 103 shares during the last quarter. Finally, Realta Investment Advisors bought a new position in KLA in the fourth quarter valued at about $377,000. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at KLA

In other KLA news, CFO Bren D. Higgins sold 7,018 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $705.04, for a total value of $4,947,970.72. Following the completion of the transaction, the chief financial officer now directly owns 32,375 shares in the company, valued at $22,825,670. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Bren D. Higgins sold 7,018 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $705.04, for a total value of $4,947,970.72. Following the completion of the sale, the chief financial officer now owns 32,375 shares of the company’s stock, valued at $22,825,670. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Oreste Donzella sold 3,257 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $697.85, for a total value of $2,272,897.45. Following the sale, the executive vice president now directly owns 16,922 shares of the company’s stock, valued at approximately $11,809,017.70. The disclosure for this sale can be found here. 0.12% of the stock is owned by insiders.

Analyst Ratings Changes

KLAC has been the topic of several recent research reports. TD Cowen raised their price target on KLA from $525.00 to $650.00 and gave the company a “market perform” rating in a report on Friday, January 26th. Susquehanna cut KLA from a “positive” rating to a “neutral” rating and raised their target price for the stock from $640.00 to $675.00 in a report on Monday, January 29th. Raymond James raised their target price on KLA from $550.00 to $625.00 and gave the stock an “outperform” rating in a report on Friday, January 19th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $625.00 price target on shares of KLA in a research report on Monday, March 4th. Finally, Wells Fargo & Company raised their price target on KLA from $750.00 to $760.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $641.05.

Read Our Latest Stock Report on KLA

KLA Stock Performance

KLAC traded up $1.70 during trading on Friday, hitting $698.57. The stock had a trading volume of 1,080,962 shares, compared to its average volume of 953,944. The company has a 50 day moving average price of $664.02 and a 200-day moving average price of $569.69. The firm has a market cap of $94.47 billion, a price-to-earnings ratio of 35.48, a P/E/G ratio of 3.39 and a beta of 1.34. KLA Co. has a one year low of $355.88 and a one year high of $729.15. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.91 and a quick ratio of 1.25.

KLA (NASDAQ:KLACGet Free Report) last announced its quarterly earnings data on Thursday, January 25th. The semiconductor company reported $6.16 earnings per share for the quarter, beating the consensus estimate of $5.91 by $0.25. The firm had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.46 billion. KLA had a return on equity of 107.56% and a net margin of 27.98%. The company’s quarterly revenue was down 16.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $7.38 EPS. As a group, research analysts predict that KLA Co. will post 22.74 EPS for the current year.

KLA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 19th were issued a dividend of $1.45 per share. The ex-dividend date was Thursday, February 15th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 0.83%. KLA’s dividend payout ratio (DPR) is currently 29.46%.

KLA Company Profile

(Free Report)

KLA Corporation designs, manufactures, and markets 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, Display and Component Inspection.

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Institutional Ownership by Quarter for KLA (NASDAQ:KLAC)

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