Kovitz Investment Group Partners LLC Lowers Stock Holdings in KLA Co. (NASDAQ:KLAC)

Kovitz Investment Group Partners LLC decreased its holdings in KLA Co. (NASDAQ:KLACFree Report) by 5.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,861 shares of the semiconductor company’s stock after selling 112 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in KLA were worth $854,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of KLAC. Norges Bank acquired a new stake in KLA during the fourth quarter valued at approximately $572,224,000. Jensen Investment Management Inc. bought a new stake in KLA in the second quarter worth about $205,999,000. Goldman Sachs Group Inc. increased its stake in KLA by 22.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,074,884 shares of the semiconductor company’s stock worth $759,532,000 after purchasing an additional 385,420 shares in the last quarter. Bank of Montreal Can purchased a new position in KLA in the 2nd quarter worth about $135,462,000. Finally, Geode Capital Management LLC increased its stake in KLA by 10.4% in the 1st quarter. Geode Capital Management LLC now owns 2,844,959 shares of the semiconductor company’s stock worth $1,133,396,000 after purchasing an additional 268,104 shares in the last quarter. Institutional investors and hedge funds own 85.49% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Stifel Nicolaus lifted their price target on KLA from $535.00 to $625.00 and gave the company a “buy” rating in a report on Tuesday, January 16th. Morgan Stanley dropped their price objective on shares of KLA from $529.00 to $500.00 and set an “equal weight” rating on the stock in a report on Thursday, October 26th. Redburn Atlantic initiated coverage on shares of KLA in a report on Wednesday, November 22nd. They set a “neutral” rating and a $550.00 price objective on the stock. Berenberg Bank lifted their target price on shares of KLA from $670.00 to $690.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Finally, Susquehanna lowered shares of KLA from a “positive” rating to a “neutral” rating and boosted their price target for the company from $640.00 to $675.00 in a research report on Monday, January 29th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $607.50.

View Our Latest Stock Report on KLAC

KLA Trading Up 5.1 %

NASDAQ:KLAC opened at $649.80 on Monday. KLA Co. has a 1 year low of $355.88 and a 1 year high of $658.78. The stock’s fifty day moving average price is $580.76 and its two-hundred day moving average price is $523.81. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.91 and a quick ratio of 1.25. The company has a market cap of $87.87 billion, a P/E ratio of 33.00, a P/E/G ratio of 3.13 and a beta of 1.33.

KLA (NASDAQ:KLACGet Free Report) last released its earnings results on Thursday, January 25th. The semiconductor company reported $6.16 EPS for the quarter, beating analysts’ consensus estimates of $5.91 by $0.25. KLA had a return on equity of 107.56% and a net margin of 27.98%. The business had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter in the prior year, the firm earned $7.38 earnings per share. The firm’s revenue was down 16.7% on a year-over-year basis. As a group, analysts expect that KLA Co. will post 22.88 EPS for the current year.

KLA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Monday, February 19th will be given a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Thursday, February 15th. KLA’s payout ratio is 29.46%.

KLA Company Profile

(Free Report)

KLA Corporation designs, manufactures, and markets 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, Display and Component Inspection.

See Also

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Institutional Ownership by Quarter for KLA (NASDAQ:KLAC)

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