Delphi Management Inc. MA Sells 647 Shares of KLA Corporation $KLAC

Delphi Management Inc. MA reduced its holdings in shares of KLA Corporation (NASDAQ:KLAC) by 39.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 974 shares of the semiconductor company’s stock after selling 647 shares during the period. Delphi Management Inc. MA’s holdings in KLA were worth $1,183,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Rothschild Investment LLC lifted its stake in shares of KLA by 0.4% during the 3rd quarter. Rothschild Investment LLC now owns 2,087 shares of the semiconductor company’s stock worth $2,251,000 after acquiring an additional 9 shares during the last quarter. Kingswood Wealth Advisors LLC lifted its stake in shares of KLA by 3.4% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 271 shares of the semiconductor company’s stock worth $292,000 after acquiring an additional 9 shares during the last quarter. Canandaigua National Bank & Trust Co. lifted its stake in shares of KLA by 1.2% during the 3rd quarter. Canandaigua National Bank & Trust Co. now owns 836 shares of the semiconductor company’s stock worth $902,000 after acquiring an additional 10 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of KLA by 3.9% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 267 shares of the semiconductor company’s stock worth $288,000 after acquiring an additional 10 shares during the last quarter. Finally, Cornerstone Planning Group LLC lifted its stake in shares of KLA by 28.6% during the 3rd quarter. Cornerstone Planning Group LLC now owns 45 shares of the semiconductor company’s stock worth $49,000 after acquiring an additional 10 shares during the last quarter. 86.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Royal Bank Of Canada raised their price target on KLA from $1,550.00 to $1,600.00 and gave the stock a “sector perform” rating in a research note on Friday, January 30th. Susquehanna reissued a “neutral” rating and set a $1,500.00 price target on shares of KLA in a research note on Monday, January 12th. Weiss Ratings reissued a “buy (b)” rating on shares of KLA in a research note on Thursday, January 22nd. Needham & Company LLC reaffirmed a “buy” rating and set a $1,800.00 target price on shares of KLA in a research report on Monday, March 16th. Finally, Argus lifted their target price on KLA from $1,400.00 to $1,750.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Twenty investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,607.64.

KLA Trading Up 1.5%

Shares of NASDAQ KLAC opened at $1,540.06 on Tuesday. The company has a quick ratio of 2.00, a current ratio of 2.83 and a debt-to-equity ratio of 1.08. The business has a fifty day simple moving average of $1,474.36 and a two-hundred day simple moving average of $1,307.10. The firm has a market cap of $201.87 billion, a PE ratio of 44.81, a price-to-earnings-growth ratio of 2.86 and a beta of 1.44. KLA Corporation has a twelve month low of $551.33 and a twelve month high of $1,693.35.

KLA (NASDAQ:KLAC) last issued its earnings results on Thursday, January 29th. The semiconductor company reported $8.85 earnings per share for the quarter, beating analysts’ consensus estimates of $8.75 by $0.10. The business had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.25 billion. KLA had a return on equity of 98.18% and a net margin of 35.76%.KLA’s revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the company posted $8.20 EPS. Analysts expect that KLA Corporation will post 31.59 earnings per share for the current fiscal year.

KLA declared that its Board of Directors has initiated a share buyback plan on Thursday, March 12th that authorizes the company to repurchase $7.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 3.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

KLA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were issued a $1.90 dividend. The ex-dividend date was Tuesday, February 17th. This represents a $7.60 dividend on an annualized basis and a dividend yield of 0.5%. KLA’s dividend payout ratio (DPR) is currently 22.11%.

KLA Profile

KLA is a provider of process control and yield management solutions for the semiconductor and related microelectronics industries. The company designs and manufactures equipment, software and services used by chipmakers to analyze and control manufacturing processes, detect defects, measure critical dimensions and improve yield across wafer fabrication, photomask and packaging operations. KLA’s offerings are aimed at enabling production of advanced logic, memory, and specialty devices at progressively smaller technology nodes and more complex package structures.

Its product portfolio includes optical and e-beam inspection systems, metrology tools for critical dimension and film measurement, mask and reticle inspection platforms, as well as enterprise software and data analytics that aggregate process data and drive automated process control.