Boston Partners trimmed its position in KLA Co. (NASDAQ:KLAC - Free Report) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,371 shares of the semiconductor company's stock after selling 1,148 shares during the quarter. Boston Partners owned 0.07% of KLA worth $57,676,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of KLAC. Hutchens & Kramer Investment Management Group LLC raised its stake in shares of 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 in the last quarter. Richardson Financial Services Inc. raised its position in KLA by 5.9% in the fourth quarter. Richardson Financial Services Inc. now owns 253 shares of the semiconductor company's stock worth $160,000 after purchasing an additional 14 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its stake in KLA by 6.5% during the fourth 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 period. Catalyst Financial Partners LLC boosted its holdings in KLA by 2.0% during the fourth quarter. Catalyst Financial Partners LLC now owns 755 shares of the semiconductor company's stock valued at $476,000 after purchasing an additional 15 shares in the last quarter. Finally, Citizens Financial Group Inc. RI boosted its holdings in KLA by 2.8% during the third quarter. Citizens Financial Group Inc. RI now owns 582 shares of the semiconductor company's stock valued at $451,000 after purchasing an additional 16 shares in the last quarter. 86.65% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several equities analysts recently commented on the company. Stifel Nicolaus raised their target price on KLA from $800.00 to $825.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft lifted their price objective on KLA from $725.00 to $850.00 and gave the company a "buy" rating in a report on Friday, January 31st. Morgan Stanley upped their target price on shares of KLA from $703.00 to $748.00 and gave the stock an "equal weight" rating in a report on Monday, February 3rd. StockNews.com lowered shares of KLA from a "buy" rating to a "hold" rating in a research report on Wednesday, November 27th. Finally, UBS Group raised their price objective on shares of KLA from $665.00 to $780.00 and gave the stock a "neutral" rating in a report on Tuesday, January 21st. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $830.67.
Get Our Latest Stock Analysis on KLAC
KLA Trading Up 3.0 %
Shares of NASDAQ KLAC traded up $21.24 during mid-day trading on Monday, hitting $727.73. The company's stock had a trading volume of 730,158 shares, compared to its average volume of 953,905. KLA Co. has a one year low of $609.40 and a one year high of $896.32. The company's fifty day simple moving average is $729.52 and its 200-day simple moving average is $703.24. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63. The stock has a market cap of $96.71 billion, a price-to-earnings ratio of 30.60, a price-to-earnings-growth ratio of 1.57 and a beta of 1.30.
KLA (NASDAQ:KLAC - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts anticipate that KLA Co. will post 31.59 earnings per share for the current fiscal year.
KLA Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Monday, February 24th were issued a $1.70 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a yield of 0.93%. KLA's dividend payout ratio is presently 28.60%.
About KLA
(
Free Report)
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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