Intact Investment Management Inc. Has $1.32 Million Holdings in KLA Co. (NASDAQ:KLAC)

Intact Investment Management Inc. grew its position in KLA Co. (NASDAQ:KLAC - Free Report) by 36.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,100 shares of the semiconductor company's stock after acquiring an additional 560 shares during the period. Intact Investment Management Inc.'s holdings in KLA were worth $1,323,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new position in shares of KLA in the third quarter valued at approximately $29,000. Tortoise Investment Management LLC raised its stake in shares of KLA by 300.0% in the fourth quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company's stock valued at $30,000 after acquiring an additional 36 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of KLA in the fourth quarter valued at approximately $32,000. Fairfield Financial Advisors LTD raised its stake in shares of KLA by 160.0% in 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. Finally, FSA Wealth Management LLC bought a new position in shares of KLA in the third quarter valued at approximately $53,000. Institutional investors own 86.65% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on KLAC. StockNews.com cut shares of KLA from a "buy" rating to a "hold" rating in a research report on Wednesday, November 27th. Stifel Nicolaus boosted their price objective on shares of KLA from $800.00 to $825.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. UBS Group boosted their price objective on shares of KLA from $665.00 to $780.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of KLA from $725.00 to $850.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Finally, Susquehanna boosted their price objective on shares of KLA from $620.00 to $655.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 22nd. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $830.67.

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KLA Trading Up 1.4 %

Shares of KLAC stock traded up $9.61 on Wednesday, hitting $719.61. The stock had a trading volume of 753,317 shares, compared to its average volume of 948,310. KLA Co. has a twelve month low of $609.40 and a twelve month high of $896.32. The firm has a market cap of $95.63 billion, a P/E ratio of 30.26, a PEG ratio of 1.57 and a beta of 1.30. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. The company has a fifty day moving average price of $727.78 and a two-hundred day moving average price of $704.39.

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%. As a group, analysts forecast that KLA Co. will post 31.59 earnings per share 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 0.94%. The ex-dividend date of this dividend was Monday, February 24th. KLA's payout ratio is presently 28.60%.

KLA 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.