Harvest Fund Management Co. Ltd Boosts Stock Holdings in KLA Co. (NASDAQ:KLAC)

Harvest Fund Management Co. Ltd grew its position in KLA Co. (NASDAQ:KLAC - Free Report) by 17.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,713 shares of the semiconductor company's stock after buying an additional 1,628 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in KLA were worth $6,750,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Swedbank AB increased its position in KLA by 0.4% during the 3rd quarter. Swedbank AB now owns 550,949 shares of the semiconductor company's stock valued at $426,660,000 after purchasing an additional 2,019 shares during the period. United Bank purchased a new stake in shares of KLA in the 3rd quarter worth approximately $339,000. AMG National Trust Bank boosted its stake in shares of KLA by 142.4% during the third quarter. AMG National Trust Bank now owns 686 shares of the semiconductor company's stock valued at $532,000 after purchasing an additional 403 shares in the last quarter. Quest Partners LLC raised its stake in KLA by 39.8% in the third quarter. Quest Partners LLC now owns 1,293 shares of the semiconductor company's stock worth $1,001,000 after buying an additional 368 shares in the last quarter. Finally, Pathstone Holdings LLC raised its stake in KLA by 2.1% in the third quarter. Pathstone Holdings LLC now owns 17,764 shares of the semiconductor company's stock worth $13,756,000 after buying an additional 367 shares in the last quarter. Institutional investors own 86.65% of the company's stock.

Analyst Upgrades and Downgrades

KLAC has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price target on KLA from $795.00 to $870.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Morgan Stanley lifted their target price on KLA from $703.00 to $748.00 and gave the company an "equal weight" rating in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft increased their price target on shares of KLA from $725.00 to $850.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Cantor Fitzgerald lifted their price objective on shares of KLA from $800.00 to $875.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Finally, Stifel Nicolaus boosted their price objective on shares of KLA from $800.00 to $825.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $830.67.

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KLA Stock Performance

KLA stock traded down $9.97 during trading hours on Friday, hitting $706.49. 2,454,762 shares of the stock traded hands, compared to its average volume of 954,804. KLA Co. has a 1 year low of $609.40 and a 1 year high of $896.32. The stock has a market capitalization of $93.88 billion, a price-to-earnings ratio of 29.71, a P/E/G ratio of 1.57 and a beta of 1.30. 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's 50 day moving average price is $729.52 and its 200-day moving average price is $703.53.

KLA (NASDAQ:KLAC - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share 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%. As a group, equities analysts expect that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Monday, February 24th were given a dividend of $1.70 per share. The ex-dividend date was Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a yield of 0.96%. KLA's dividend payout ratio is presently 28.60%.

About KLA

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.