First Financial Corp IN Has $171,000 Stock Holdings in KLA Co. (NASDAQ:KLAC)

First Financial Corp IN trimmed its stake in shares of KLA Co. (NASDAQ:KLAC) by 14.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 272 shares of the semiconductor company’s stock after selling 46 shares during the quarter. First Financial Corp IN’s holdings in KLA were worth $171,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Federated Hermes Inc. grew its position in KLA by 7.0% in the second quarter. Federated Hermes Inc. now owns 7,455 shares of the semiconductor company’s stock valued at $6,147,000 after acquiring an additional 488 shares during the period. Parallel Advisors LLC grew its holdings in shares of KLA by 6.1% in the 2nd quarter. Parallel Advisors LLC now owns 2,015 shares of the semiconductor company’s stock worth $1,661,000 after purchasing an additional 116 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of KLA by 1.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,811,766 shares of the semiconductor company’s stock worth $2,318,329,000 after purchasing an additional 28,172 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in KLA by 8.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 691,039 shares of the semiconductor company’s stock valued at $569,758,000 after purchasing an additional 56,109 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. acquired a new position in KLA in the second quarter valued at about $794,000. 86.65% of the stock is owned by institutional investors and hedge funds.

KLA Stock Performance

Shares of NASDAQ:KLAC opened at $690.99 on Tuesday. The firm’s 50 day simple moving average is $650.82 and its 200 day simple moving average is $727.43. KLA Co. has a fifty-two week low of $552.85 and a fifty-two week high of $896.32. The company has a market capitalization of $92.43 billion, a price-to-earnings ratio of 31.55, a P/E/G ratio of 1.39 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 earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share for the quarter, topping the consensus estimate of $7.03 by $0.30. KLA had a net margin of 28.92% and a return on equity of 105.16%. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.75 billion. During the same period last year, the business posted $5.74 earnings per share. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. As a group, sell-side analysts forecast that KLA Co. will post 30.61 earnings per share for the current year.

KLA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders 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 annualized dividend and a dividend yield of 0.98%. The ex-dividend date was Monday, November 18th. KLA’s dividend payout ratio is 31.05%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. StockNews.com cut shares of KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Citigroup reduced their price objective on KLA from $960.00 to $900.00 and set a “buy” rating on the stock in a research note on Monday, September 16th. Wells Fargo & Company lowered their target price on KLA from $800.00 to $795.00 and set an “overweight” rating for the company in a research note on Monday. The Goldman Sachs Group reduced their price target on shares of KLA from $850.00 to $759.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Susquehanna dropped their target price on shares of KLA from $680.00 to $675.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, KLA currently has a consensus rating of “Moderate Buy” and an average target price of $809.10.

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.