Jensen Investment Management Inc. trimmed its stake in shares of KLA Co. (NASDAQ:KLAC - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 533,827 shares of the semiconductor company's stock after selling 7,428 shares during the period. KLA accounts for 3.0% of Jensen Investment Management Inc.'s holdings, making the stock its 15th biggest position. Jensen Investment Management Inc. owned about 0.40% of KLA worth $336,375,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of KLAC. Hutchens & Kramer Investment Management Group LLC lifted its position in shares of KLA by 3.3% during the 4th quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company's stock worth $259,000 after purchasing an additional 13 shares during the last quarter. Richardson Financial Services Inc. lifted its holdings in KLA by 5.9% during the 4th quarter. Richardson Financial Services Inc. now owns 253 shares of the semiconductor company's stock worth $160,000 after buying an additional 14 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of KLA by 6.5% during the 4th 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 in the last quarter. Catalyst Financial Partners LLC boosted its position in shares of KLA by 2.0% during the 4th quarter. Catalyst Financial Partners LLC now owns 755 shares of the semiconductor company's stock worth $476,000 after acquiring an additional 15 shares in the last quarter. Finally, Citizens Financial Group Inc. RI increased its holdings in shares of KLA by 2.8% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 582 shares of the semiconductor company's stock valued at $451,000 after acquiring an additional 16 shares during the last quarter. Hedge funds and other institutional investors own 86.65% of the company's stock.
Analysts Set New Price Targets
Several equities analysts have commented on the stock. Susquehanna increased their price target on shares of KLA from $620.00 to $655.00 and gave the company a "neutral" rating in a research note on Wednesday, January 22nd. Stifel Nicolaus lifted their price target 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. The Goldman Sachs Group boosted their price target on shares of KLA from $759.00 to $864.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Cantor Fitzgerald raised their price objective on KLA from $800.00 to $875.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. Finally, StockNews.com downgraded KLA from a "buy" rating to a "hold" rating in a report on Wednesday, November 27th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $830.67.
View Our Latest Research Report on KLA
KLA Price Performance
KLA stock traded down $3.15 during midday trading on Thursday, reaching $716.46. The company's stock had a trading volume of 629,118 shares, compared to its average volume of 946,972. The firm has a market capitalization of $95.21 billion, a PE ratio of 30.13, 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. The stock's 50 day simple moving average is $728.45 and its 200 day simple moving average is $704.50. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36.
KLA (NASDAQ:KLAC - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 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, equities research analysts forecast that KLA Co. will post 31.59 earnings per share for the current year.
KLA Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th were paid a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Monday, February 24th. KLA's dividend payout ratio (DPR) is 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.
Read More
Before you consider KLA, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and KLA wasn't on the list.
While KLA currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
