Regal Investment Advisors LLC Has $425,000 Stock Holdings in KLA Co. (NASDAQ:KLAC)

Regal Investment Advisors LLC decreased its position in KLA Co. (NASDAQ:KLAC) by 14.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 675 shares of the semiconductor company’s stock after selling 111 shares during the period. Regal Investment Advisors LLC’s holdings in KLA were worth $425,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of KLAC. Hutchens & Kramer Investment Management Group LLC boosted its position in KLA by 3.3% during the fourth quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company’s stock valued at $259,000 after purchasing an additional 13 shares during the last quarter. Richardson Financial Services Inc. boosted its holdings in shares of KLA by 5.9% in the 4th quarter. Richardson Financial Services Inc. now owns 253 shares of the semiconductor company’s stock valued at $160,000 after buying an additional 14 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of KLA by 6.5% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 246 shares of the semiconductor company’s stock valued at $155,000 after buying an additional 15 shares in the last quarter. Catalyst Financial Partners LLC increased its holdings in KLA by 2.0% during the fourth quarter. Catalyst Financial Partners LLC now owns 755 shares of the semiconductor company’s stock worth $476,000 after buying an additional 15 shares during the last quarter. Finally, Anchor Investment Management LLC raised its position in KLA by 12.0% during the fourth quarter. Anchor Investment Management LLC now owns 140 shares of the semiconductor company’s stock worth $88,000 after acquiring an additional 15 shares in the last quarter. Institutional investors own 86.65% of the company’s stock.

Wall Street Analyst Weigh In

KLAC has been the topic of several recent analyst reports. Stifel Nicolaus lowered their price objective on shares of KLA from $825.00 to $750.00 and set a “buy” rating on the stock in a research note on Tuesday. Oppenheimer dropped their price objective on KLA from $850.00 to $700.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. Susquehanna raised their price objective on KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft increased their price target on KLA from $725.00 to $850.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Finally, Citigroup reduced their price objective on shares of KLA from $910.00 to $800.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, KLA presently has an average rating of “Moderate Buy” and an average price target of $814.11.

KLA Stock Performance

NASDAQ:KLAC opened at $642.19 on Thursday. The company has a market cap of $85.34 billion, a price-to-earnings ratio of 27.01, a PEG ratio of 1.57 and a beta of 1.37. KLA Co. has a fifty-two week low of $551.33 and a fifty-two 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. The stock has a fifty day moving average price of $699.96 and a 200-day moving average price of $692.71.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) 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%. As a group, equities analysts anticipate that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were paid a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a yield of 1.06%. The ex-dividend date was Monday, February 24th. KLA’s payout ratio is presently 28.60%.

Insider Buying and Selling at KLA

In related news, CFO Bren D. Higgins sold 7,008 shares of the company’s stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $724.62, for a total transaction of $5,078,136.96. Following the completion of the sale, the chief financial officer now directly owns 28,798 shares in the company, valued at $20,867,606.76. This represents a 19.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.12% of the company’s stock.

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.