Teacher Retirement System of Texas Purchases 9,238 Shares of KLA Co. (NASDAQ:KLAC)

Teacher Retirement System of Texas lifted its stake in KLA Co. (NASDAQ:KLAC - Free Report) by 14.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 73,266 shares of the semiconductor company's stock after purchasing an additional 9,238 shares during the period. Teacher Retirement System of Texas owned approximately 0.06% of KLA worth $46,166,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Parnassus Investments LLC lifted its holdings in KLA by 381.3% in the 4th quarter. Parnassus Investments LLC now owns 733,328 shares of the semiconductor company's stock valued at $462,085,000 after purchasing an additional 580,967 shares in the last quarter. Proficio Capital Partners LLC grew its stake in shares of KLA by 114,444.5% during the 4th quarter. Proficio Capital Partners LLC now owns 342,488 shares of the semiconductor company's stock valued at $215,809,000 after buying an additional 342,189 shares during the period. Two Sigma Advisers LP boosted its holdings in KLA by 10,766.7% in the third quarter. Two Sigma Advisers LP now owns 228,200 shares of the semiconductor company's stock valued at $176,720,000 after acquiring an additional 226,100 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of KLA in the fourth quarter worth $142,221,000. Finally, Assenagon Asset Management S.A. raised its holdings in shares of KLA by 84.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 441,053 shares of the semiconductor company's stock valued at $277,916,000 after buying an additional 201,649 shares during the period. Hedge funds and other institutional investors own 86.65% of the company's stock.

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Analyst Ratings Changes

KLAC has been the topic of a number of research analyst reports. Needham & Company LLC increased their price objective on shares of KLA from $800.00 to $830.00 and gave the company a "buy" rating in a research note on Friday, January 31st. The Goldman Sachs Group lifted their price target on KLA from $759.00 to $864.00 and gave the company a "buy" rating in a research report on Friday, January 31st. StockNews.com lowered KLA from a "buy" rating to a "hold" rating in a research report on Wednesday, November 27th. Wells Fargo & Company upped their price target on KLA from $795.00 to $870.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Finally, Stifel Nicolaus boosted their price target on KLA from $800.00 to $825.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Seven 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 price target of $830.67.

KLA Trading Down 0.8 %

Shares of KLAC traded down $5.88 during mid-day trading on Tuesday, reaching $721.85. The company's stock had a trading volume of 498,727 shares, compared to its average volume of 953,753. The stock has a market cap of $95.92 billion, a PE ratio of 30.36, a P/E/G ratio of 1.57 and a beta of 1.30. KLA Co. has a 52 week low of $609.40 and a 52 week high of $896.32. 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's fifty day moving average price is $730.26 and its two-hundred day moving average price is $703.24.

KLA (NASDAQ:KLAC - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, beating the consensus estimate of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. On average, analysts predict that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were issued 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 dividend payout ratio is 28.60%.

About KLA

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.