Sage Mountain Advisors LLC Sells 64 Shares of KLA Co. (NASDAQ:KLAC)

Sage Mountain Advisors LLC reduced its position in KLA Co. (NASDAQ:KLAC) by 7.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 746 shares of the semiconductor company’s stock after selling 64 shares during the quarter. Sage Mountain Advisors LLC’s holdings in KLA were worth $470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new position in KLA in the 3rd quarter worth $29,000. Tortoise Investment Management LLC lifted its position in shares of KLA by 300.0% in the fourth quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 36 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of KLA in the fourth quarter worth about $32,000. Groupama Asset Managment grew its position in shares of KLA by 82.3% during the third quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 2,038 shares in the last quarter. Finally, Fairfield Financial Advisors LTD raised its stake in KLA by 160.0% during the 4th quarter. Fairfield Financial Advisors LTD now owns 65 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 40 shares during the period. 86.65% of the stock is owned by hedge funds and other institutional investors.

KLA Price Performance

KLAC stock opened at $664.22 on Wednesday. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. KLA Co. has a 12 month low of $609.40 and a 12 month high of $896.32. The stock has a market cap of $88.27 billion, a PE ratio of 27.93, a P/E/G ratio of 1.57 and a beta of 1.30. The company has a 50-day moving average price of $723.78 and a 200 day moving average price of $708.11.

KLA (NASDAQ:KLAC) last released its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS 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%. Equities research analysts anticipate that KLA Co. will post 31.59 earnings per share for the current year.

KLA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th were given a dividend of $1.70 per share. The ex-dividend date was Monday, February 24th. This represents a $6.80 annualized dividend and a dividend yield of 1.02%. KLA’s dividend payout ratio (DPR) is 28.60%.

Analyst Upgrades and Downgrades

KLAC has been the subject of several recent analyst reports. StockNews.com downgraded KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Stifel Nicolaus upped their target price on shares of KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. The Goldman Sachs Group lifted their price target on shares of KLA from $759.00 to $864.00 and gave the company a “buy” rating in a report on Friday, January 31st. Morgan Stanley increased their price objective on shares of KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. Finally, Wells Fargo & Company lifted their target price on KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.