Forsta AP Fonden lessened its holdings in KLA Co. (NASDAQ:KLAC - Free Report) by 23.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 29,200 shares of the semiconductor company's stock after selling 8,900 shares during the period. Forsta AP Fonden's holdings in KLA were worth $18,400,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in KLAC. Legacy Investment Solutions LLC purchased a new position in shares of KLA during the 3rd quarter valued at about $29,000. Capital Performance Advisors LLP purchased a new position in KLA during the third quarter valued at approximately $38,000. FSA Wealth Management LLC bought a new position in shares of KLA in the third quarter worth approximately $53,000. Peterson Financial Group Inc. purchased a new stake in shares of KLA in the third quarter worth $56,000. Finally, Prospera Private Wealth LLC purchased a new position in shares of KLA during the 3rd quarter valued at $58,000. Institutional investors own 86.65% of the company's stock.
KLA Trading Up 2.2 %
Shares of NASDAQ KLAC traded up $15.53 during trading hours on Thursday, reaching $728.50. The stock had a trading volume of 329,625 shares, compared to its average volume of 1,214,521. The company has a current ratio of 2.13, a quick ratio of 1.48 and a debt-to-equity ratio of 1.65. The firm has a market cap of $97.44 billion, a price-to-earnings ratio of 33.33, a P/E/G ratio of 1.66 and a beta of 1.27. The business's fifty day moving average price is $671.76 and its two-hundred day moving average price is $718.50. KLA Co. has a 52-week low of $581.70 and a 52-week high of $896.32.
KLA (NASDAQ:KLAC - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.03 by $0.30. The firm had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.75 billion. KLA had a return on equity of 105.16% and a net margin of 28.92%. KLA's quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.74 earnings per share. Analysts expect that KLA Co. will post 30.34 EPS for the current fiscal year.
KLA Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were issued a $1.70 dividend. This is a positive change from KLA's previous quarterly dividend of $1.45. The ex-dividend date was Monday, November 18th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.93%. KLA's payout ratio is presently 31.05%.
Analyst Ratings Changes
KLAC has been the topic of a number of recent analyst reports. Morgan Stanley decreased their price target on KLA from $746.00 to $703.00 and set an "equal weight" rating on the stock in a report on Thursday, December 5th. Susquehanna upped their target price on shares of KLA from $620.00 to $655.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 22nd. StockNews.com downgraded KLA from a "buy" rating to a "hold" rating in a research note on Wednesday, November 27th. Cantor Fitzgerald reiterated a "neutral" rating and set a $925.00 target price on shares of KLA in a research report on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of KLA from $890.00 to $750.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $812.47.
Read Our Latest Analysis on KLAC
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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