Hillsdale Investment Management Inc. Acquires Shares of 1,225 KLA Co. (NASDAQ:KLAC)

Hillsdale Investment Management Inc. acquired a new stake in KLA Co. (NASDAQ:KLAC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,225 shares of the semiconductor company's stock, valued at approximately $772,000.

Several other large investors have also made changes to their positions in KLAC. Legacy Investment Solutions LLC acquired a new stake in KLA in the 3rd quarter worth about $29,000. Tortoise Investment Management LLC lifted its position in shares of KLA by 300.0% in the fourth quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company's stock valued at $30,000 after acquiring an additional 36 shares in the last quarter. TCTC Holdings LLC purchased a new stake in shares of KLA during the fourth quarter worth approximately $31,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of KLA during the fourth quarter worth approximately $32,000. Finally, Fairfield Financial Advisors LTD raised its stake in KLA by 160.0% in the 4th quarter. Fairfield Financial Advisors LTD now owns 65 shares of the semiconductor company's stock valued at $41,000 after purchasing an additional 40 shares during the last quarter. 86.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other KLA news, CFO Bren D. Higgins sold 7,008 shares of the company's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $724.62, for a total transaction of $5,078,136.96. Following the sale, the chief financial officer now owns 28,798 shares in the company, valued at $20,867,606.76. This represents a 19.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.12% of the company's stock.

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Analyst Ratings Changes

KLAC has been the topic of several recent research reports. The Goldman Sachs Group lifted their target price on shares of KLA from $759.00 to $864.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Wells Fargo & Company boosted their price target on shares of KLA from $795.00 to $870.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft increased their price objective on shares of KLA from $725.00 to $850.00 and gave the company a "buy" rating in a report on Friday, January 31st. StockNews.com cut KLA from a "buy" rating to a "hold" rating in a report on Wednesday, November 27th. Finally, Susquehanna increased their price target on KLA from $620.00 to $655.00 and gave the company a "neutral" rating in a report on Wednesday, January 22nd. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $830.67.

KLA Trading Down 0.8 %

NASDAQ KLAC traded down $5.54 during trading hours on Thursday, reaching $700.00. The company had a trading volume of 732,978 shares, compared to its average volume of 952,253. KLA Co. has a 1-year low of $609.40 and a 1-year high of $896.32. The stock has a market capitalization of $93.02 billion, a P/E ratio of 29.44, a price-to-earnings-growth ratio of 1.57 and a beta of 1.30. The stock has a 50-day moving average of $730.46 and a 200 day moving average of $703.39. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64.

KLA (NASDAQ:KLAC - Get Free Report) last posted its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. As a group, research analysts anticipate that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th were given a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend was Monday, February 24th. KLA's dividend payout ratio is currently 28.60%.

About KLA

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.