Westover Capital Advisors LLC Sells 314 Shares of KLA Co. (NASDAQ:KLAC)

Westover Capital Advisors LLC lessened its stake in KLA Co. (NASDAQ:KLAC) by 8.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,502 shares of the semiconductor company’s stock after selling 314 shares during the quarter. Westover Capital Advisors LLC’s holdings in KLA were worth $2,207,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of KLAC. Mizuho Securities USA LLC lifted its holdings in shares of KLA by 32,828.8% in the third quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock valued at $2,647,708,000 after purchasing an additional 3,408,617 shares in the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of KLA by 114,444.5% in the fourth quarter. Proficio Capital Partners LLC now owns 342,488 shares of the semiconductor company’s stock valued at $215,809,000 after purchasing an additional 342,189 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in KLA by 10,766.7% during the third quarter. Two Sigma Advisers LP now owns 228,200 shares of the semiconductor company’s stock worth $176,720,000 after acquiring an additional 226,100 shares during the period. Assenagon Asset Management S.A. lifted its holdings in KLA by 84.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 441,053 shares of the semiconductor company’s stock worth $277,916,000 after acquiring an additional 201,649 shares during the period. Finally, World Investment Advisors LLC bought a new stake in KLA during the third quarter worth $128,482,000. Institutional investors own 86.65% of the company’s stock.

KLA Price Performance

Shares of NASDAQ KLAC opened at $691.15 on Tuesday. The stock has a market cap of $91.84 billion, a PE ratio of 29.06, a price-to-earnings-growth ratio of 1.57 and a beta of 1.28. KLA Co. has a fifty-two week low of $609.40 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 of $717.73 and a 200-day moving average of $713.28.

KLA (NASDAQ:KLAC) last announced its quarterly earnings results 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%. 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 will be paid on Tuesday, March 4th. Investors of record on Monday, February 24th will be given a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a yield of 0.98%. The ex-dividend date is Monday, February 24th. KLA’s payout ratio is 28.60%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on KLAC shares. Stifel Nicolaus lifted their price target on KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Susquehanna lifted their price target on KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Morgan Stanley lifted their price target on KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a report on Monday, February 3rd. Cantor Fitzgerald lifted their price target on KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Finally, StockNews.com lowered KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, KLA has a consensus rating of “Moderate Buy” and a consensus price target of $831.68.

About KLA

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.