Commonwealth of Pennsylvania Public School Empls Retrmt SYS Cuts Stake in KLA Co. (NASDAQ:KLAC)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its holdings in shares of KLA Co. (NASDAQ:KLAC - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 28,441 shares of the semiconductor company's stock after selling 822 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in KLA were worth $17,921,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Legacy Investment Solutions LLC acquired a new stake in shares of KLA in the 3rd quarter valued at approximately $29,000. Tortoise Investment Management LLC lifted its stake in KLA by 300.0% in the 4th quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company's stock valued at $30,000 after purchasing an additional 36 shares during the last quarter. TCTC Holdings LLC acquired a new stake in KLA in the fourth quarter valued at approximately $31,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of KLA during the fourth quarter worth $32,000. Finally, Fairfield Financial Advisors LTD grew its stake in shares of KLA by 160.0% during the fourth quarter. Fairfield Financial Advisors LTD now owns 65 shares of the semiconductor company's stock worth $41,000 after buying an additional 40 shares during the last quarter. 86.65% of the stock is owned by institutional investors and hedge funds.

KLA Stock Down 0.8 %

KLA stock traded down $5.88 during trading on Tuesday, hitting $721.85. 498,727 shares of the company were exchanged, compared to its average volume of 953,753. 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 business's 50 day moving average is $730.26 and its 200 day moving average is $703.24. KLA Co. has a 52 week low of $609.40 and a 52 week high of $896.32. The company has a market capitalization of $95.92 billion, a P/E ratio of 30.36, a PEG ratio of 1.57 and a beta of 1.30.

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

KLA Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. UBS Group raised their price objective on KLA from $665.00 to $780.00 and gave the company a "neutral" rating in a report on Tuesday, January 21st. Wells Fargo & Company raised their price objective on shares of KLA from $795.00 to $870.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Barclays boosted their target price on shares of KLA from $700.00 to $760.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. Stifel Nicolaus raised their price target on shares of KLA from $800.00 to $825.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft lifted 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. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, KLA presently has a consensus 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.