Horizon Investments LLC lifted its holdings in shares of KLA Co. (NASDAQ:KLAC - Free Report) by 80.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,498 shares of the semiconductor company's stock after buying an additional 2,899 shares during the period. Horizon Investments LLC's holdings in KLA were worth $4,095,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Swedbank AB increased its stake in KLA by 0.4% in the 3rd quarter. Swedbank AB now owns 550,949 shares of the semiconductor company's stock worth $426,660,000 after acquiring an additional 2,019 shares during the last quarter. United Bank bought a new stake in KLA during the 3rd quarter valued at $339,000. Harbour Investments Inc. raised its position in shares of KLA by 6.3% in the 3rd quarter. Harbour Investments Inc. now owns 386 shares of the semiconductor company's stock worth $299,000 after acquiring an additional 23 shares in the last quarter. Atlanta Consulting Group Advisors LLC acquired a new position in KLA during the 3rd quarter valued at about $222,000. Finally, AMG National Trust Bank increased its position in KLA by 142.4% during the 3rd quarter. AMG National Trust Bank now owns 686 shares of the semiconductor company's stock valued at $532,000 after buying an additional 403 shares in the last quarter. 86.65% of the stock is owned by hedge funds and other institutional investors.
KLA Stock Down 1.4 %
Shares of KLAC stock traded down $9.97 on Friday, hitting $706.49. The company's stock had a trading volume of 2,454,762 shares, compared to its average volume of 952,636. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63. KLA Co. has a fifty-two week low of $609.40 and a fifty-two week high of $896.32. The firm's fifty day moving average price is $729.52 and its 200-day moving average price is $703.79. 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.
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 (EPS) 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%. Research analysts anticipate that KLA Co. will post 31.59 EPS for the current year.
KLA Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Monday, February 24th were issued a $1.70 dividend. The ex-dividend date was Monday, February 24th. This represents a $6.80 annualized dividend and a yield of 0.96%. KLA's dividend payout ratio is currently 28.60%.
Analysts Set New Price Targets
Several research firms have weighed in on KLAC. The Goldman Sachs Group boosted their price target on KLA from $759.00 to $864.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Wells Fargo & Company increased their target price on KLA from $795.00 to $870.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft increased their target price on KLA from $725.00 to $850.00 and gave the company a "buy" rating in a report on Friday, January 31st. UBS Group increased their price target on KLA from $665.00 to $780.00 and gave the company a "neutral" rating in a report on Tuesday, January 21st. Finally, StockNews.com lowered KLA from a "buy" rating to a "hold" rating in a research report on Wednesday, November 27th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, KLA currently has an average rating of "Moderate Buy" and an average target price of $830.67.
View Our Latest Report on KLAC
KLA Profile
(
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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