Fortis Capital Management LLC raised its holdings in KLA Co. (NASDAQ:KLAC - Free Report) by 36.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,342 shares of the semiconductor company's stock after purchasing an additional 1,690 shares during the quarter. Fortis Capital Management LLC's holdings in KLA were worth $3,996,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of KLAC. Legacy Investment Solutions LLC acquired a new position in KLA during the third quarter worth $29,000. Tortoise Investment Management LLC boosted its holdings in KLA by 300.0% during the 4th 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. TCTC Holdings LLC acquired a new position in KLA in the 4th quarter valued at about $31,000. Kohmann Bosshard Financial Services LLC purchased a new stake in KLA during the fourth quarter worth about $32,000. Finally, Groupama Asset Managment boosted its stake in shares of KLA by 82.3% in the third quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company's stock valued at $35,000 after purchasing an additional 2,038 shares during the period. Institutional investors and hedge funds own 86.65% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the stock. UBS Group increased their target price on shares of KLA from $665.00 to $780.00 and gave the stock a "neutral" rating in a report on Tuesday, January 21st. Barclays lifted their target price on KLA from $700.00 to $760.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. The Goldman Sachs Group upped their price target on KLA from $759.00 to $864.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Stifel Nicolaus lifted their price objective on 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 upped their target price on shares of KLA from $725.00 to $850.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $830.67.
Read Our Latest Report on KLAC
Insider Buying and Selling
In related news, CFO Bren D. Higgins sold 7,008 shares of the firm's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $724.62, for a total value of $5,078,136.96. Following the completion of the sale, the chief financial officer now owns 28,798 shares in the company, valued at $20,867,606.76. This trade represents a 19.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.12% of the company's stock.
KLA Stock Performance
Shares of KLA stock traded down $5.54 on Thursday, hitting $700.00. The stock had a trading volume of 732,978 shares, compared to its average volume of 952,161. The company's 50 day moving average price is $730.46 and its 200 day moving average price is $703.39. The stock has a market cap of $93.02 billion, a price-to-earnings ratio of 29.44, a P/E/G ratio of 1.57 and a beta of 1.30. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. KLA Co. has a 52-week low of $609.40 and a 52-week high of $896.32.
KLA (NASDAQ:KLAC - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, beating the consensus estimate of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. On average, research analysts anticipate that KLA Co. will post 31.59 EPS for the current year.
KLA Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th were paid 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 0.97%. KLA's dividend payout ratio (DPR) is 28.60%.
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.
Further Reading
Before you consider KLA, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and KLA wasn't on the list.
While KLA currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
