Cibc World Markets Corp Purchases 23,218 Shares of KLA Co. (NASDAQ:KLAC)

Cibc World Markets Corp increased its holdings in shares of KLA Co. (NASDAQ:KLAC - Free Report) by 109.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 44,401 shares of the semiconductor company's stock after buying an additional 23,218 shares during the quarter. Cibc World Markets Corp's holdings in KLA were worth $27,978,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Swedbank AB raised its stake in KLA by 0.4% during the 3rd quarter. Swedbank AB now owns 550,949 shares of the semiconductor company's stock worth $426,660,000 after buying an additional 2,019 shares during the period. Diversify Advisory Services LLC raised its stake in KLA by 22.7% during the 4th quarter. Diversify Advisory Services LLC now owns 648 shares of the semiconductor company's stock worth $443,000 after buying an additional 120 shares during the period. Daiwa Securities Group Inc. raised its stake in KLA by 14.1% during the 3rd quarter. Daiwa Securities Group Inc. now owns 33,215 shares of the semiconductor company's stock worth $25,722,000 after buying an additional 4,112 shares during the period. Hennion & Walsh Asset Management Inc. raised its stake in KLA by 27.6% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 9,778 shares of the semiconductor company's stock worth $6,161,000 after buying an additional 2,112 shares during the period. Finally, Milestone Asset Management LLC acquired a new stake in KLA during the 4th quarter worth $1,563,000. Institutional investors and hedge funds own 86.65% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Needham & Company LLC raised their price objective on KLA from $800.00 to $830.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft lifted their price target on KLA from $725.00 to $850.00 and gave the company a "buy" rating in a research note on Friday, January 31st. 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 note on Friday, January 31st. UBS Group lifted their price target on KLA from $665.00 to $780.00 and gave the company a "neutral" rating in a research note on Tuesday, January 21st. Finally, Barclays lifted their price target on KLA from $700.00 to $760.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, KLA currently has an average rating of "Moderate Buy" and an average price target of $830.67.

Remove Ads

KLA Stock Performance

KLA stock traded down $3.15 during midday trading on Thursday, reaching $716.46. 629,121 shares of the company's stock were exchanged, compared to its average volume of 946,972. KLA Co. has a 52 week low of $609.40 and a 52 week high of $896.32. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36. The firm 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. The stock's 50-day simple moving average is $728.45 and its 200 day simple moving average is $704.50.

KLA (NASDAQ:KLAC - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, topping analysts' consensus estimates 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors 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 0.95%. The ex-dividend date was Monday, February 24th. KLA's payout ratio is currently 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.