HighTower Advisors LLC reduced its position in shares of KLA Co. (NASDAQ:KLAC - Free Report) by 14.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,173 shares of the semiconductor company's stock after selling 6,101 shares during the period. HighTower Advisors LLC's holdings in KLA were worth $23,423,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of KLAC. Legacy Investment Solutions LLC acquired a new stake in KLA during the third quarter worth about $29,000. Tortoise Investment Management LLC increased its position in KLA by 300.0% during the fourth quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company's stock worth $30,000 after purchasing an additional 36 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of KLA during the fourth quarter valued at about $32,000. Groupama Asset Managment increased its position in shares of KLA by 82.3% during the third quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company's stock valued at $35,000 after acquiring an additional 2,038 shares during the last quarter. Finally, Fairfield Financial Advisors LTD increased its position 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 valued at $41,000 after acquiring an additional 40 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
KLAC has been the subject of a number of recent analyst reports. Cantor Fitzgerald lifted their price target on shares of KLA from $800.00 to $875.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. StockNews.com cut shares of KLA from a "buy" rating to a "hold" rating in a research report on Wednesday, November 27th. UBS Group lifted their price target on shares of KLA from $665.00 to $780.00 and gave the company a "neutral" rating in a research report on Tuesday, January 21st. Barclays lifted their price target on shares of KLA from $700.00 to $760.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. Finally, Stifel Nicolaus lifted their price target on shares of KLA from $800.00 to $825.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, KLA has a consensus rating of "Moderate Buy" and an average target price of $830.67.
Get Our Latest Stock Report on KLA
KLA Stock Up 1.4 %
KLA stock traded up $9.61 during trading on Wednesday, reaching $719.61. The stock had a trading volume of 721,335 shares, compared to its average volume of 948,183. KLA Co. has a 52-week low of $609.40 and a 52-week high of $896.32. The business has a 50 day moving average price of $727.78 and a 200 day moving average price of $704.39. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64. The stock has a market cap of $95.63 billion, a PE ratio of 30.26, a P/E/G ratio of 1.57 and a beta of 1.30.
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 (EPS) for the quarter, topping 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, analysts predict that KLA Co. will post 31.59 EPS for the current year.
KLA Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders 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 presently 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.
See Also
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
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
