Amalgamated Bank Has $17.70 Million Holdings in KLA Co. (NASDAQ:KLAC)

Amalgamated Bank lessened its position in shares of KLA Co. (NASDAQ:KLAC) by 7.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 28,082 shares of the semiconductor company’s stock after selling 2,213 shares during the period. Amalgamated Bank’s holdings in KLA were worth $17,695,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new stake in shares of KLA during the 3rd quarter worth approximately $29,000. 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 purchasing an additional 2,038 shares during the period. Capital Performance Advisors LLP purchased a new position in KLA during the 3rd quarter worth $38,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in KLA during the 4th quarter worth $43,000. Finally, Ameliora Wealth Management Ltd. purchased a new position in KLA during the 4th quarter worth $47,000. 86.65% of the stock is owned by institutional investors and hedge funds.

KLA Trading Down 2.2 %

KLA stock opened at $737.57 on Tuesday. KLA Co. has a one year low of $609.40 and a one year high of $896.32. The business’s fifty day moving average is $710.18 and its 200 day moving average is $715.85. 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 stock has a market capitalization of $98.01 billion, a PE ratio of 31.02, a price-to-earnings-growth ratio of 1.57 and a beta of 1.28.

KLA (NASDAQ:KLAC) last posted its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, beating analysts’ consensus estimates of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. On average, sell-side analysts predict that KLA Co. will post 31.59 EPS for the current year.

KLA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th will be issued a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Monday, February 24th. KLA’s dividend payout ratio is 28.60%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Susquehanna lifted their target price on KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. StockNews.com downgraded KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Wells Fargo & Company boosted their price objective on KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Morgan Stanley boosted their price objective on KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a research report on Monday, February 3rd. Finally, Cantor Fitzgerald boosted their price objective on KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, KLA presently has an average rating of “Moderate Buy” and an average price target of $831.68.

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.