AGF Management Ltd. Acquires 596 Shares of KLA Co. (NASDAQ:KLAC)

AGF Management Ltd. boosted its holdings in KLA Co. (NASDAQ:KLAC - Free Report) by 67.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,479 shares of the semiconductor company's stock after buying an additional 596 shares during the quarter. AGF Management Ltd.'s holdings in KLA were worth $932,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Hutchens & Kramer Investment Management Group LLC raised its holdings in KLA by 3.3% in the 4th quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company's stock valued at $259,000 after buying an additional 13 shares during the last quarter. Richardson Financial Services Inc. raised its holdings in KLA by 5.9% in the 4th quarter. Richardson Financial Services Inc. now owns 253 shares of the semiconductor company's stock valued at $160,000 after buying an additional 14 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings in KLA by 6.5% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 246 shares of the semiconductor company's stock worth $155,000 after purchasing an additional 15 shares during the last quarter. Catalyst Financial Partners LLC raised its holdings in KLA by 2.0% during the 4th quarter. Catalyst Financial Partners LLC now owns 755 shares of the semiconductor company's stock worth $476,000 after purchasing an additional 15 shares during the last quarter. Finally, Citizens Financial Group Inc. RI raised its holdings in KLA by 2.8% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 582 shares of the semiconductor company's stock worth $451,000 after purchasing an additional 16 shares during the last quarter. Institutional investors own 86.65% of the company's stock.

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KLA Stock Up 1.4 %

NASDAQ KLAC traded up $9.61 during mid-day trading on Wednesday, hitting $719.61. The company's stock had a trading volume of 721,335 shares, compared to its average volume of 948,183. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. The firm has a market capitalization of $95.63 billion, a price-to-earnings ratio of 30.26, a PEG ratio of 1.57 and a beta of 1.30. The company's 50 day simple moving average is $727.78 and its 200 day simple moving average is $704.39. KLA Co. has a twelve month low of $609.40 and a twelve month high of $896.32.

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

KLA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were issued a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date was Monday, February 24th. KLA's dividend payout ratio is 28.60%.

Analyst Ratings Changes

Several research analysts have issued reports on KLAC shares. UBS Group raised their price target on shares of KLA from $665.00 to $780.00 and gave the stock a "neutral" rating in a report on Tuesday, January 21st. Stifel Nicolaus raised their price target on shares of KLA from $800.00 to $825.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft raised their price target on shares of KLA from $725.00 to $850.00 and gave the stock a "buy" rating in a report on Friday, January 31st. The Goldman Sachs Group raised their price target on shares of KLA from $759.00 to $864.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Finally, Morgan Stanley lifted their price objective on shares of KLA from $703.00 to $748.00 and gave the company an "equal weight" rating in a research note on Monday, February 3rd. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $830.67.

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.