Aigen Investment Management LP Trims Position in KLA Co. (NASDAQ:KLAC)

Aigen Investment Management LP decreased its holdings in KLA Co. (NASDAQ:KLAC - Free Report) by 82.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 346 shares of the semiconductor company's stock after selling 1,601 shares during the quarter. Aigen Investment Management LP's holdings in KLA were worth $218,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Legacy Investment Solutions LLC bought a new stake in shares of KLA during the 3rd quarter valued at about $29,000. Kohmann Bosshard Financial Services LLC purchased a new stake in KLA in the fourth quarter worth about $32,000. Groupama Asset Managment lifted its holdings in KLA by 82.3% in the third quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company's stock worth $35,000 after buying an additional 2,038 shares during the period. Capital Performance Advisors LLP bought a new stake in KLA during the 3rd quarter valued at approximately $38,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in shares of KLA during the 4th quarter worth approximately $43,000. Institutional investors own 86.65% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on KLAC. Wells Fargo & Company lifted their price target on KLA from $795.00 to $870.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. StockNews.com cut shares of KLA from a "buy" rating to a "hold" rating in a report on Wednesday, November 27th. Barclays increased their price target on shares of KLA from $700.00 to $760.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. Susquehanna boosted their price objective on shares of KLA from $620.00 to $655.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of KLA from $725.00 to $850.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $831.68.

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KLA Stock Performance

Shares of NASDAQ:KLAC opened at $711.29 on Monday. The firm has a fifty day simple moving average of $722.21 and a two-hundred day simple moving average of $710.04. KLA Co. has a 52 week low of $609.40 and a 52 week high of $896.32. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $94.52 billion, a P/E ratio of 29.91, a PEG ratio of 1.57 and a beta of 1.30.

KLA (NASDAQ:KLAC - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share 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%. On average, analysts expect that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were given a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Monday, February 24th. KLA's dividend payout ratio (DPR) is presently 28.60%.

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.

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