DGS Capital Management LLC Sells 113 Shares of KLA Co. (NASDAQ:KLAC)

DGS Capital Management LLC trimmed its holdings in KLA Co. (NASDAQ:KLAC) by 17.3% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 542 shares of the semiconductor company’s stock after selling 113 shares during the quarter. DGS Capital Management LLC’s holdings in KLA were worth $342,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of KLAC. Legacy Investment Solutions LLC purchased a new position in shares of KLA during the third quarter valued at approximately $29,000. Capital Performance Advisors LLP purchased a new stake in KLA during the 3rd quarter valued at $38,000. FSA Wealth Management LLC bought a new position in shares of KLA during the 3rd quarter valued at $53,000. Peterson Financial Group Inc. purchased a new position in shares of KLA in the 3rd quarter worth $56,000. Finally, Prospera Private Wealth LLC bought a new stake in shares of KLA in the third quarter worth $58,000. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on KLAC shares. Morgan Stanley lowered their target price on KLA from $746.00 to $703.00 and set an “equal weight” rating on the stock in a report on Thursday, December 5th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $925.00 price objective on shares of KLA in a research note on Tuesday, October 8th. The Goldman Sachs Group cut their target price on shares of KLA from $850.00 to $759.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Oppenheimer upgraded shares of KLA from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $750.00 to $850.00 in a research report on Thursday, October 31st. Finally, Needham & Company LLC raised shares of KLA from a “hold” rating to a “buy” rating and set a $750.00 price objective for the company in a research report on Monday, January 13th. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $806.35.

KLA Price Performance

Shares of NASDAQ:KLAC opened at $749.82 on Friday. The firm has a market cap of $100.30 billion, a price-to-earnings ratio of 34.24, a P/E/G ratio of 1.66 and a beta of 1.27. The firm has a fifty day moving average price of $666.45 and a 200 day moving average price of $722.95. KLA Co. has a fifty-two week low of $581.70 and a fifty-two week high of $896.32. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.48 and a current ratio of 2.13.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $2.75 billion. During the same quarter last year, the business posted $5.74 earnings per share. The business’s quarterly revenue was up 18.5% compared to the same quarter last year. As a group, sell-side analysts expect that KLA Co. will post 30.34 earnings per share for the current fiscal year.

KLA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th were given a dividend of $1.70 per share. This is an increase from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date was Monday, November 18th. KLA’s dividend payout ratio is currently 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.