Choate Investment Advisors Buys 430 Shares of KLA Co. (NASDAQ:KLAC)

Choate Investment Advisors lifted its stake in shares of KLA Co. (NASDAQ:KLAC - Free Report) by 69.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,051 shares of the semiconductor company's stock after buying an additional 430 shares during the quarter. Choate Investment Advisors' holdings in KLA were worth $662,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Swedbank AB raised its stake in KLA by 0.4% in the 3rd quarter. Swedbank AB now owns 550,949 shares of the semiconductor company's stock worth $426,660,000 after purchasing an additional 2,019 shares in the last quarter. United Bank acquired a new stake in KLA in the 3rd quarter worth about $339,000. Harbour Investments Inc. raised its stake in KLA by 6.3% in the 3rd quarter. Harbour Investments Inc. now owns 386 shares of the semiconductor company's stock worth $299,000 after purchasing an additional 23 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of KLA in the 3rd quarter valued at approximately $877,000. Finally, OneDigital Investment Advisors LLC raised its position in shares of KLA by 3.9% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,499 shares of the semiconductor company's stock valued at $2,709,000 after buying an additional 130 shares in the last quarter. Institutional investors and hedge funds own 86.65% of the company's stock.

KLA Trading Down 0.4 %

Shares of NASDAQ:KLAC traded down $3.15 during trading on Thursday, reaching $716.46. The stock had a trading volume of 628,151 shares, compared to its average volume of 946,970. The firm's fifty day moving average is $728.45 and its 200 day moving average is $704.50. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36. KLA Co. has a 52 week low of $609.40 and a 52 week high of $896.32. The stock has a market cap of $95.21 billion, a price-to-earnings ratio of 30.13, a P/E/G ratio of 1.57 and a beta of 1.30.

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KLA (NASDAQ:KLAC - Get Free Report) last released its earnings results 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%. As a group, equities analysts forecast that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th were paid a $1.70 dividend. The ex-dividend date was Monday, February 24th. This represents a $6.80 annualized dividend and a dividend yield of 0.95%. KLA's payout ratio is 28.60%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Needham & Company LLC boosted their target price on shares of KLA from $800.00 to $830.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of KLA from $725.00 to $850.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Barclays boosted their target price on shares of KLA from $700.00 to $760.00 and gave the company an "equal weight" 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 research report on Wednesday, November 27th. Finally, Cantor Fitzgerald lifted their price target on shares of KLA from $800.00 to $875.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $830.67.

KLA Company 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.