KLA Co. (NASDAQ:KLAC) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP raised its holdings in shares of KLA Co. (NASDAQ:KLAC - Free Report) by 43.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,415 shares of the semiconductor company's stock after purchasing an additional 9,482 shares during the quarter. KLA accounts for about 0.7% of Quantbot Technologies LP's portfolio, making the stock its 3rd largest position. Quantbot Technologies LP's holdings in KLA were worth $19,795,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Legacy Investment Solutions LLC bought a new stake in shares of KLA in the 3rd quarter worth about $29,000. Tortoise Investment Management LLC lifted its holdings in shares of KLA by 300.0% in the 4th quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company's stock worth $30,000 after acquiring an additional 36 shares during the last quarter. TCTC Holdings LLC bought a new stake in shares of KLA in the 4th quarter worth about $31,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of KLA in the 4th quarter worth about $32,000. Finally, Groupama Asset Managment lifted its holdings in KLA by 82.3% during the 3rd quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company's stock valued at $35,000 after buying an additional 2,038 shares in the last quarter. Institutional investors own 86.65% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. UBS Group lifted their price objective on shares of KLA from $665.00 to $780.00 and gave the company a "neutral" rating in a report on Tuesday, January 21st. The Goldman Sachs Group lifted their price objective on shares of KLA from $759.00 to $864.00 and gave the company a "buy" rating in a report on Friday, January 31st. Susquehanna lifted their price objective on shares of KLA from $620.00 to $655.00 and gave the company a "neutral" rating in a report on Wednesday, January 22nd. Barclays raised their target price 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, Deutsche Bank Aktiengesellschaft raised their target price 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. 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, the company presently has a consensus rating of "Moderate Buy" and an average target price of $830.67.

Remove Ads

KLA Stock Down 1.2 %

Shares of KLA stock traded down $8.29 on Tuesday, reaching $710.00. The stock had a trading volume of 950,675 shares, compared to its average volume of 949,214. The company has a 50 day moving average price of $727.37 and a 200 day moving average price of $705.16. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64. 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 $94.35 billion, a P/E ratio of 29.86, a P/E/G ratio of 1.57 and a beta of 1.30.

KLA (NASDAQ:KLAC - Get Free Report) last released its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 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%. As a group, equities research analysts forecast that KLA Co. will post 31.59 EPS for the current 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 dividend payout ratio (DPR) is presently 28.60%.

KLA Company Profile

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.