TIAA Trust National Association Decreases Stock Holdings in KLA Co. (NASDAQ:KLAC)

TIAA Trust National Association reduced its position in shares of KLA Co. (NASDAQ:KLAC) by 26.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,389 shares of the semiconductor company’s stock after selling 880 shares during the quarter. TIAA Trust National Association’s holdings in KLA were worth $1,505,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new stake in shares of KLA in the third quarter worth about $29,000. Tortoise Investment Management LLC grew its position in shares of KLA by 300.0% in the 4th quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company’s stock worth $30,000 after buying an additional 36 shares during the last quarter. TCTC Holdings LLC bought a new stake in shares of KLA in the 4th quarter worth approximately $31,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of KLA during the fourth quarter valued at approximately $32,000. Finally, Groupama Asset Managment raised its holdings 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 valued at $35,000 after acquiring an additional 2,038 shares in the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Stock Down 2.3 %

Shares of KLA stock opened at $705.54 on Thursday. The company has a 50-day simple moving average of $730.46 and a two-hundred day simple moving average of $703.39. The stock has a market capitalization of $93.76 billion, a PE ratio of 29.67, a price-to-earnings-growth ratio of 1.57 and a beta of 1.30. KLA Co. has a 52-week low of $609.40 and a 52-week high of $896.32. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36.

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

KLA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors 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 0.96%. KLA’s dividend payout ratio (DPR) is presently 28.60%.

Analysts Set New Price Targets

A number of brokerages have issued reports on KLAC. Needham & Company LLC boosted their price objective on shares of KLA from $800.00 to $830.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Wells Fargo & Company boosted their price target on shares of KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. The Goldman Sachs Group lifted their price objective on KLA from $759.00 to $864.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft increased their target price on KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Finally, StockNews.com lowered KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, KLA currently has a consensus rating of “Moderate Buy” and an average price target of $830.67.

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.