KLA Co. (NASDAQ:KLAC) Shares Sold by TD Asset Management Inc.

TD Asset Management Inc. decreased its position in shares of KLA Co. (NASDAQ:KLAC) by 60.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 282,082 shares of the semiconductor company’s stock after selling 433,069 shares during the quarter. TD Asset Management Inc. owned 0.21% of KLA worth $177,746,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of KLAC. Vanguard Group Inc. boosted its position in KLA by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 13,484,468 shares of the semiconductor company’s stock worth $8,496,833,000 after purchasing an additional 85,370 shares in the last quarter. State Street Corp boosted its position in shares of KLA by 2.5% in the 3rd quarter. State Street Corp now owns 5,979,293 shares of the semiconductor company’s stock worth $4,630,424,000 after buying an additional 145,317 shares in the last quarter. Geode Capital Management LLC grew its stake in KLA by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,221,694 shares of the semiconductor company’s stock valued at $2,487,971,000 after acquiring an additional 93,743 shares during the last quarter. Amundi increased its holdings in KLA by 9.4% during the 4th quarter. Amundi now owns 1,394,260 shares of the semiconductor company’s stock valued at $953,774,000 after acquiring an additional 119,845 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in KLA by 5.9% during the fourth quarter. Bank of New York Mellon Corp now owns 1,153,043 shares of the semiconductor company’s stock worth $726,555,000 after acquiring an additional 64,238 shares during the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Price Performance

Shares of KLA stock opened at $721.85 on Wednesday. The business’s fifty day moving average price is $730.67 and its 200 day moving average price is $703.37. KLA Co. has a twelve month low of $609.40 and a twelve month high of $896.32. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $95.92 billion, a P/E ratio of 30.36, a PEG ratio of 1.57 and a beta of 1.30.

KLA (NASDAQ:KLAC) last released its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, beating the consensus estimate of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. As a group, research analysts anticipate that KLA Co. will post 31.59 earnings per share for the current year.

KLA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th were given a $1.70 dividend. This represents a $6.80 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Monday, February 24th. KLA’s payout ratio is currently 28.60%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on KLAC. Barclays raised their price objective on shares of KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Morgan Stanley raised their price target on KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a research report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft upped their price objective on KLA from $725.00 to $850.00 and gave the company a “buy” rating in a research report on Friday, January 31st. UBS Group lifted their price objective on KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. Finally, Needham & Company LLC upped their target price on shares of KLA from $800.00 to $830.00 and gave the company a “buy” rating in a report on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $830.67.

KLA 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.