Counterpoint Mutual Funds LLC Has $415,000 Stock Holdings in KLA Co. (NASDAQ:KLAC)

Counterpoint Mutual Funds LLC boosted its holdings in KLA Co. (NASDAQ:KLAC - Free Report) by 126.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 659 shares of the semiconductor company's stock after buying an additional 368 shares during the quarter. Counterpoint Mutual Funds LLC's holdings in KLA were worth $415,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Legacy Investment Solutions LLC acquired a new stake in KLA during the 3rd quarter worth about $29,000. Tortoise Investment Management LLC raised its holdings in shares of KLA by 300.0% during the fourth quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company's stock valued at $30,000 after acquiring an additional 36 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of KLA during the fourth quarter valued at approximately $32,000. Groupama Asset Managment boosted its stake in KLA by 82.3% in the 3rd quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 2,038 shares during the period. Finally, Fairfield Financial Advisors LTD grew its position in KLA by 160.0% during the 4th quarter. Fairfield Financial Advisors LTD now owns 65 shares of the semiconductor company's stock worth $41,000 after purchasing an additional 40 shares in the last quarter. 86.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KLAC has been the subject of several recent analyst reports. Susquehanna raised their target price on KLA from $620.00 to $655.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 22nd. Stifel Nicolaus lifted their target price on KLA from $800.00 to $825.00 and gave the company a "buy" rating in a research note on Friday, January 31st. StockNews.com downgraded KLA from a "buy" rating to a "hold" rating in a report on Wednesday, November 27th. UBS Group raised their price target on shares of KLA from $665.00 to $780.00 and gave the stock a "neutral" rating in a report on Tuesday, January 21st. Finally, Wells Fargo & Company upped their price objective on shares of KLA from $795.00 to $870.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $830.67.

Remove Ads

KLA Stock Performance

Shares of NASDAQ KLAC traded down $9.97 during trading hours on Friday, hitting $706.49. 2,454,762 shares of the stock were exchanged, compared to its average volume of 953,125. KLA Co. has a one year low of $609.40 and a one year high of $896.32. The company's 50 day moving average is $729.05 and its 200 day moving average is $704.58. 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 firm has a market capitalization of $93.88 billion, a P/E ratio of 29.71, a P/E/G ratio of 1.57 and a beta of 1.30.

KLA (NASDAQ:KLAC - Get Free Report) last released its quarterly 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%. On average, research analysts expect that KLA Co. will post 31.59 EPS for the current year.

KLA Announces Dividend

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