KLA Co. (NASDAQ:KLAC) Shares Sold by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group reduced its position in KLA Co. (NASDAQ:KLAC) by 5.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 553 shares of the semiconductor company’s stock after selling 30 shares during the quarter. Rehmann Capital Advisory Group’s holdings in KLA were worth $428,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of KLAC. Legacy Investment Solutions LLC acquired a new position in KLA in the 3rd quarter valued at about $29,000. Family Firm Inc. acquired a new position in KLA in the 2nd quarter valued at about $30,000. Groupama Asset Managment grew its position in KLA by 82.3% in the 3rd quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 2,038 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of KLA during the third quarter worth about $38,000. Finally, 1620 Investment Advisors Inc. acquired a new position in shares of KLA during the second quarter worth about $44,000. 86.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on KLAC shares. Barclays lowered their price objective on KLA from $800.00 to $750.00 and set an “equal weight” rating for the company in a research report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft lowered their price objective on KLA from $890.00 to $750.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Cantor Fitzgerald reissued a “neutral” rating and set a $925.00 price objective on shares of KLA in a research report on Tuesday, October 8th. Morgan Stanley decreased their target price on KLA from $746.00 to $703.00 and set an “equal weight” rating for the company in a research note on Thursday, December 5th. Finally, Oppenheimer upgraded KLA from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $750.00 to $850.00 in a research note on Thursday, October 31st. Eight research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $812.30.

KLA Price Performance

KLAC stock opened at $646.60 on Friday. The company has a current ratio of 2.13, a quick ratio of 1.48 and a debt-to-equity ratio of 1.65. The business has a 50 day simple moving average of $680.06 and a 200-day simple moving average of $751.66. KLA Co. has a twelve month low of $542.41 and a twelve month high of $896.32. The company has a market capitalization of $86.49 billion, a P/E ratio of 29.53, a PEG ratio of 1.38 and a beta of 1.27.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share for the quarter, topping the consensus estimate of $7.03 by $0.30. KLA had a return on equity of 105.16% and a net margin of 28.92%. The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.75 billion. During the same period last year, the company earned $5.74 earnings per share. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. As a group, equities analysts anticipate that KLA Co. will post 30.61 EPS for the current year.

KLA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th were given a $1.70 dividend. This is a boost from KLA’s previous quarterly dividend of $1.45. The ex-dividend date was Monday, November 18th. This represents a $6.80 annualized dividend and a yield of 1.05%. KLA’s dividend payout ratio is presently 31.05%.

KLA Company 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.