Ifrah Financial Services Inc. cut its holdings in shares of KLA Corporation (NASDAQ:KLAC) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,426 shares of the semiconductor company’s stock after selling 186 shares during the period. Ifrah Financial Services Inc.’s holdings in KLA were worth $789,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of the business. Paragon Capital Management Ltd bought a new position in KLA during the fourth quarter worth about $211,000. USS Investment Management Ltd bought a new position in KLA during the fourth quarter worth about $1,924,000. Cavalier Investments LLC bought a new position in KLA during the fourth quarter worth about $428,000. Crossmark Global Holdings Inc. lifted its holdings in KLA by 68.1% during the fourth quarter. Crossmark Global Holdings Inc. now owns 14,764 shares of the semiconductor company’s stock worth $2,631,000 after acquiring an additional 5,979 shares in the last quarter. Finally, Illinois Municipal Retirement Fund bought a new position in KLA during the fourth quarter worth about $1,426,000. Hedge funds and other institutional investors own 88.24% of the company’s stock.
Several research firms have weighed in on KLAC. UBS Group lowered KLA from a “buy” rating to a “sell” rating and reduced their target price for the stock from $192.00 to $140.00 in a report on Wednesday, November 27th. JPMorgan Chase & Co. boosted their price target on KLA from $180.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. BidaskClub lowered KLA from a “strong-buy” rating to a “buy” rating in a report on Friday, February 7th. Nomura restated a “buy” rating and issued a $215.00 price target on shares of KLA in a report on Sunday, February 9th. Finally, Zacks Investment Research upgraded KLA from a “hold” rating to a “buy” rating and set a $184.00 price target on the stock in a report on Tuesday, October 29th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $172.38.
KLA (NASDAQ:KLAC) last released its earnings results on Tuesday, February 4th. The semiconductor company reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $0.08. KLA had a return on equity of 50.92% and a net margin of 21.55%. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the prior year, the company posted $2.44 earnings per share. KLA’s revenue was up 34.7% on a year-over-year basis. As a group, equities research analysts expect that KLA Corporation will post 10.2 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Saturday, February 22nd will be issued a dividend of $0.85 per share. The ex-dividend date is Thursday, February 20th. This represents a $3.40 annualized dividend and a yield of 1.90%. KLA’s payout ratio is presently 40.19%.
In other KLA news, EVP Oreste Donzella sold 590 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $168.35, for a total transaction of $99,326.50. Following the transaction, the executive vice president now owns 5,377 shares of the company’s stock, valued at $905,217.95. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Ahmad A. Khan sold 4,142 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $176.13, for a total value of $729,530.46. The disclosure for this sale can be found here. Insiders have sold 7,657 shares of company stock worth $1,344,037 in the last quarter. 0.19% of the stock is currently owned by corporate insiders.
KLA Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the semiconductor fabrication process.
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