Marco Investment Management LLC Sells 31 Shares of KLA Co. (NASDAQ:KLAC)

Marco Investment Management LLC trimmed its stake in shares of KLA Co. (NASDAQ:KLAC) by 0.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 23,404 shares of the semiconductor company’s stock after selling 31 shares during the quarter. KLA accounts for approximately 1.4% of Marco Investment Management LLC’s portfolio, making the stock its 25th largest position. Marco Investment Management LLC’s holdings in KLA were worth $13,605,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of KLAC. Private Trust Co. NA grew its position in KLA by 6.5% during the 3rd quarter. Private Trust Co. NA now owns 594 shares of the semiconductor company’s stock worth $272,000 after acquiring an additional 36 shares during the last quarter. Oak Thistle LLC grew its position in KLA by 42.4% during the 3rd quarter. Oak Thistle LLC now owns 1,225 shares of the semiconductor company’s stock worth $562,000 after acquiring an additional 365 shares during the last quarter. Handelsbanken Fonder AB grew its position in KLA by 2.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 45,325 shares of the semiconductor company’s stock worth $20,789,000 after acquiring an additional 882 shares during the last quarter. U.S. Capital Wealth Advisors LLC grew its position in KLA by 0.7% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 6,040 shares of the semiconductor company’s stock worth $2,770,000 after acquiring an additional 40 shares during the last quarter. Finally, Trust Co. of Toledo NA OH grew its position in KLA by 2.5% during the 3rd quarter. Trust Co. of Toledo NA OH now owns 1,905 shares of the semiconductor company’s stock worth $874,000 after acquiring an additional 47 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Needham & Company LLC reiterated a “hold” rating on shares of KLA in a research report on Friday. Deutsche Bank Aktiengesellschaft assumed coverage on KLA in a research note on Thursday, April 11th. They set a “buy” rating and a $800.00 target price on the stock. Cantor Fitzgerald boosted their target price on KLA from $625.00 to $800.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Bank of America boosted their target price on KLA from $740.00 to $850.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Finally, Stifel Nicolaus boosted their target price on KLA from $685.00 to $760.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, KLA presently has a consensus rating of “Moderate Buy” and a consensus price target of $720.42.

KLA Stock Up 4.9 %

Shares of NASDAQ KLAC traded up $33.31 during mid-day trading on Friday, hitting $706.26. 1,193,523 shares of the stock traded hands, compared to its average volume of 821,545. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.25 and a current ratio of 1.91. The stock has a fifty day moving average price of $685.41 and a 200-day moving average price of $601.50. KLA Co. has a 52 week low of $369.00 and a 52 week high of $729.15. The company has a market cap of $95.51 billion, a price-to-earnings ratio of 37.00, a PEG ratio of 3.52 and a beta of 1.34.

KLA (NASDAQ:KLAC) last released its earnings results on Thursday, April 25th. The semiconductor company reported $5.26 EPS for the quarter, topping the consensus estimate of $4.94 by $0.32. KLA had a return on equity of 103.31% and a net margin of 27.19%. The business had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same period in the previous year, the company posted $5.49 earnings per share. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. Research analysts anticipate that KLA Co. will post 22.61 EPS for the current year.

KLA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 19th were issued a $1.45 dividend. This represents a $5.80 annualized dividend and a yield of 0.82%. The ex-dividend date was Thursday, February 15th. KLA’s dividend payout ratio (DPR) is 30.38%.

Insiders Place Their Bets

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

KLA Company Profile

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.