Lockerman Financial Group Inc. Sells 20 Shares of KLA Co. (NASDAQ:KLAC)

Lockerman Financial Group Inc. reduced its holdings in KLA Co. (NASDAQ:KLAC) by 4.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 422 shares of the semiconductor company’s stock after selling 20 shares during the quarter. Lockerman Financial Group Inc.’s holdings in KLA were worth $266,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new position in shares of KLA in the 3rd quarter worth $29,000. Groupama Asset Managment increased its stake in KLA by 82.3% in 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 during the last quarter. Capital Performance Advisors LLP purchased a new stake in KLA during the third quarter valued at about $38,000. FSA Wealth Management LLC bought a new stake in KLA during the third quarter worth about $53,000. Finally, Peterson Financial Group Inc. purchased a new position in shares of KLA in the 3rd quarter worth about $56,000. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Price Performance

Shares of NASDAQ KLAC opened at $757.47 on Tuesday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.48 and a current ratio of 2.13. The company has a 50 day simple moving average of $654.99 and a two-hundred day simple moving average of $724.46. KLA Co. has a fifty-two week low of $577.00 and a fifty-two week high of $896.32. The company has a market capitalization of $101.32 billion, a price-to-earnings ratio of 34.59, a P/E/G ratio of 1.63 and a beta of 1.27.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.03 by $0.30. KLA had a return on equity of 105.16% and a net margin of 28.92%. The business had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.75 billion. During the same quarter in the previous year, the business earned $5.74 earnings per share. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. Analysts expect that KLA Co. will post 30.37 EPS for the current fiscal year.

KLA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were issued a $1.70 dividend. This is a positive change from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date was Monday, November 18th. KLA’s payout ratio is presently 31.05%.

Wall Street Analysts Forecast Growth

KLAC has been the subject of several research reports. StockNews.com lowered KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Susquehanna dropped their price target on shares of KLA from $680.00 to $675.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $925.00 price objective on shares of KLA in a research note on Tuesday, October 8th. Oppenheimer raised KLA from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $750.00 to $850.00 in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group lowered their price target on KLA from $850.00 to $759.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, KLA has a consensus rating of “Moderate Buy” and a consensus target price of $806.60.

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.