Inceptionr LLC increased its position in shares of KLA Co. (NASDAQ:KLAC - Free Report) by 175.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,784 shares of the semiconductor company's stock after buying an additional 1,137 shares during the quarter. Inceptionr LLC's holdings in KLA were worth $1,124,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in KLAC. Swedbank AB grew its position in KLA by 0.4% during the third quarter. Swedbank AB now owns 550,949 shares of the semiconductor company's stock worth $426,660,000 after buying an additional 2,019 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in KLA by 1.1% during the third quarter. Harbor Capital Advisors Inc. now owns 1,433 shares of the semiconductor company's stock valued at $1,110,000 after purchasing an additional 16 shares in the last quarter. Catalina Capital Group LLC boosted its holdings in KLA by 10.6% during the third quarter. Catalina Capital Group LLC now owns 461 shares of the semiconductor company's stock valued at $357,000 after purchasing an additional 44 shares in the last quarter. Foster & Motley Inc. boosted its holdings in KLA by 29.0% during the third quarter. Foster & Motley Inc. now owns 3,052 shares of the semiconductor company's stock valued at $2,363,000 after purchasing an additional 686 shares in the last quarter. Finally, M&G PLC acquired a new stake in KLA during the third quarter valued at approximately $820,000. 86.65% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
KLAC has been the topic of a number of recent research reports. Susquehanna lifted their price objective on KLA from $620.00 to $655.00 and gave the company a "neutral" rating in a report on Wednesday, January 22nd. UBS Group boosted their target price on KLA from $665.00 to $780.00 and gave the stock a "neutral" rating in a report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft boosted their target price on KLA from $725.00 to $850.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Cantor Fitzgerald boosted their target price on KLA from $800.00 to $875.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. Finally, Stifel Nicolaus boosted their target price on KLA from $800.00 to $825.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $831.68.
Read Our Latest Report on KLAC
KLA Trading Up 2.8 %
Shares of KLA stock traded up $19.16 on Friday, hitting $711.29. 1,087,883 shares of the company's stock traded hands, compared to its average volume of 1,143,586. The firm's 50-day moving average price is $722.21 and its two-hundred day moving average price is $710.04. The stock has a market capitalization of $94.52 billion, a PE ratio of 29.91, a price-to-earnings-growth ratio of 1.57 and a beta of 1.30. KLA Co. has a one year low of $609.40 and a one year high of $896.32. 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 (NASDAQ:KLAC - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts expect that KLA Co. will post 31.59 EPS for the current fiscal year.
KLA Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Monday, February 24th were paid a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend was Monday, February 24th. KLA's 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.
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