OLD National Bancorp IN Sells 1,069 Shares of KLA Co. (NASDAQ:KLAC)

OLD National Bancorp IN cut its stake in shares of KLA Co. (NASDAQ:KLAC) by 1.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 59,164 shares of the semiconductor company’s stock after selling 1,069 shares during the quarter. KLA accounts for about 0.9% of OLD National Bancorp IN’s portfolio, making the stock its 19th largest position. OLD National Bancorp IN’s holdings in KLA were worth $37,280,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of KLAC. CVA Family Office LLC increased its holdings in KLA by 3.7% in the third quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company’s stock valued at $283,000 after purchasing an additional 13 shares during the period. Hutchens & Kramer Investment Management Group LLC raised its position in shares of KLA by 3.3% during the fourth quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company’s stock worth $259,000 after acquiring an additional 13 shares during the last quarter. Marcum Wealth LLC lifted its stake in shares of KLA by 4.1% in the third quarter. Marcum Wealth LLC now owns 384 shares of the semiconductor company’s stock worth $297,000 after acquiring an additional 15 shares during the period. Harbor Capital Advisors Inc. increased its position in KLA by 1.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,433 shares of the semiconductor company’s stock valued at $1,110,000 after purchasing an additional 16 shares during the period. Finally, Ascent Wealth Partners LLC raised its holdings in KLA by 0.4% during the 3rd quarter. Ascent Wealth Partners LLC now owns 4,466 shares of the semiconductor company’s stock worth $3,459,000 after purchasing an additional 16 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors.

KLA Trading Up 1.4 %

NASDAQ:KLAC opened at $712.97 on Thursday. KLA Co. has a 52 week low of $581.70 and a 52 week high of $896.32. The firm has a 50-day moving average price of $669.84 and a two-hundred day moving average price of $718.54. 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 firm has a market cap of $95.37 billion, a price-to-earnings ratio of 32.56, a price-to-earnings-growth ratio of 1.66 and a beta of 1.27.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, topping analysts’ consensus estimates of $7.03 by $0.30. The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.75 billion. KLA had a return on equity of 105.16% and a net margin of 28.92%. KLA’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period last year, the company posted $5.74 earnings per share. On average, equities analysts expect that KLA Co. will post 30.34 earnings per share for the current fiscal year.

KLA Increases Dividend

The business also recently declared 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 an increase from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend was Monday, November 18th. KLA’s payout ratio is 31.05%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KLAC. Needham & Company LLC upgraded shares of KLA from a “hold” rating to a “buy” rating and set a $750.00 price objective for the company in a research report on Monday, January 13th. UBS Group boosted their price target on KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. TD Cowen reduced their price objective on shares of KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. StockNews.com lowered shares of KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Finally, Susquehanna lifted their price target on shares of KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $812.47.

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.