Intellectus Partners LLC grew its position in shares of KLA Co. (NASDAQ:KLAC - Free Report) by 905.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,442 shares of the semiconductor company's stock after acquiring an additional 4,000 shares during the quarter. Intellectus Partners LLC's holdings in KLA were worth $2,799,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hutchens & Kramer Investment Management Group LLC grew its holdings in shares of KLA by 3.3% during the fourth quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company's stock valued at $259,000 after buying an additional 13 shares during the last quarter. Richardson Financial Services Inc. increased its stake in shares of KLA by 5.9% in the fourth quarter. Richardson Financial Services Inc. now owns 253 shares of the semiconductor company's stock worth $160,000 after acquiring an additional 14 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of KLA by 6.5% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 246 shares of the semiconductor company's stock worth $155,000 after acquiring an additional 15 shares during the period. Catalyst Financial Partners LLC increased its stake in shares of KLA by 2.0% in the fourth quarter. Catalyst Financial Partners LLC now owns 755 shares of the semiconductor company's stock worth $476,000 after acquiring an additional 15 shares during the period. Finally, Citizens Financial Group Inc. RI increased its stake in shares of KLA by 2.8% in the third quarter. Citizens Financial Group Inc. RI now owns 582 shares of the semiconductor company's stock worth $451,000 after acquiring an additional 16 shares during the period. 86.65% of the stock is currently owned by institutional investors.
KLA Trading Up 2.8 %
Shares of NASDAQ:KLAC traded up $19.16 during midday trading on Friday, reaching $711.29. 1,087,883 shares of the company's stock were exchanged, compared to its average volume of 1,143,586. The firm's 50 day simple moving average is $722.21 and its two-hundred day simple moving average is $710.04. 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 stock has a market cap of $94.52 billion, a price-to-earnings ratio of 29.91, a P/E/G ratio of 1.57 and a beta of 1.30. KLA Co. has a fifty-two week low of $609.40 and a fifty-two week high of $896.32.
KLA (NASDAQ:KLAC - Get Free Report) last issued its quarterly earnings data 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 return on equity of 108.60% and a net margin of 29.58%. As a group, sell-side analysts forecast that KLA Co. will post 31.59 EPS for the current fiscal year.
KLA Announces Dividend
The company 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 of this dividend was Monday, February 24th. This represents a $6.80 annualized dividend and a dividend yield of 0.96%. KLA's dividend payout ratio is presently 28.60%.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on KLAC. StockNews.com lowered shares of KLA from a "buy" rating to a "hold" rating in a research note on Wednesday, November 27th. Stifel Nicolaus increased 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. Morgan Stanley lifted their target price on shares of KLA from $703.00 to $748.00 and gave the company an "equal weight" rating in a report on Monday, February 3rd. Wells Fargo & Company lifted their target price on shares of KLA from $795.00 to $870.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Finally, The Goldman Sachs Group lifted their target price on shares of KLA from $759.00 to $864.00 and gave the company a "buy" rating in a report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $831.68.
Read Our Latest Research Report on KLAC
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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