Mitchell Mcleod Pugh & Williams Inc. Has $977,000 Holdings in KLA Co. (NASDAQ:KLAC)

Mitchell Mcleod Pugh & Williams Inc. cut its stake in KLA Co. (NASDAQ:KLAC) by 28.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,551 shares of the semiconductor company’s stock after selling 631 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in KLA were worth $977,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new stake in shares of KLA in the third quarter valued at approximately $29,000. Capital Performance Advisors LLP bought a new position in KLA during the third quarter worth $38,000. FSA Wealth Management LLC acquired a new position in shares of KLA in the third quarter valued at $53,000. Peterson Financial Group Inc. bought a new position in shares of KLA in the third quarter valued at about $56,000. Finally, Prospera Private Wealth LLC acquired a new position in KLA in the 3rd quarter valued at about $58,000. Institutional investors own 86.65% of the company’s stock.

KLA Price Performance

KLA stock opened at $757.47 on Monday. The stock’s 50 day moving average is $654.99 and its 200 day moving average is $724.46. KLA Co. has a one year low of $577.00 and a one year high of $896.32. The firm has a market cap of $101.32 billion, a P/E ratio of 34.59, a P/E/G ratio of 1.47 and a beta of 1.27. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.13 and a quick ratio of 1.48.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, beating analysts’ consensus estimates of $7.03 by $0.30. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.75 billion. KLA had a net margin of 28.92% and a return on equity of 105.16%. The company’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the firm posted $5.74 EPS. As a group, research analysts expect that KLA Co. will post 30.37 EPS for the current year.

KLA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were paid a dividend of $1.70 per share. The ex-dividend date was Monday, November 18th. This represents a $6.80 annualized dividend and a yield of 0.90%. This is a boost from KLA’s previous quarterly dividend of $1.45. KLA’s dividend payout ratio (DPR) is currently 31.05%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Susquehanna decreased their target price on KLA from $680.00 to $675.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. Oppenheimer upgraded KLA from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $750.00 to $850.00 in a research note on Thursday, October 31st. Wells Fargo & Company lowered their price objective on KLA from $800.00 to $795.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. The Goldman Sachs Group reduced their target price on shares of KLA from $850.00 to $759.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of KLA from $890.00 to $750.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, KLA has an average rating of “Moderate Buy” and a consensus price target of $806.60.

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.