Himension Capital Singapore PTE. LTD. raised its stake in KLA Co. (NASDAQ:KLAC - Free Report) by 1,717.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,533 shares of the semiconductor company's stock after buying an additional 21,293 shares during the quarter. KLA accounts for about 1.0% of Himension Capital Singapore PTE. LTD.'s holdings, making the stock its 13th biggest position. Himension Capital Singapore PTE. LTD.'s holdings in KLA were worth $14,198,000 as of its most recent filing with the SEC.
A number of other hedge funds have also modified their holdings of the stock. Legacy Investment Solutions LLC bought a new stake in shares of KLA in the 3rd quarter valued at approximately $29,000. Tortoise Investment Management LLC lifted its stake 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 valued at $30,000 after purchasing an additional 36 shares during the last quarter. TCTC Holdings LLC bought a new stake in KLA in the fourth quarter worth $31,000. Kohmann Bosshard Financial Services LLC acquired a new position in KLA during the fourth quarter worth $32,000. Finally, Fairfield Financial Advisors LTD raised its holdings in KLA by 160.0% during the fourth quarter. Fairfield Financial Advisors LTD now owns 65 shares of the semiconductor company's stock valued at $41,000 after buying an additional 40 shares in the last quarter. 86.65% of the stock is owned by institutional investors and hedge funds.
KLA Price Performance
KLAC stock traded up $9.83 during trading on Friday, hitting $666.59. 337,267 shares of the stock traded hands, compared to its average volume of 1,048,304. The stock has a market cap of $88.58 billion, a price-to-earnings ratio of 28.18, a P/E/G ratio of 1.57 and a beta of 1.37. KLA Co. has a one year low of $551.33 and a one year 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 has a 50 day simple moving average of $707.15 and a 200 day simple moving average of $695.44.
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, 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%. Equities analysts expect that KLA Co. will post 31.59 EPS for the current fiscal year.
KLA Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were paid a $1.70 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a yield of 1.02%. KLA's payout ratio is presently 28.60%.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the company. Cantor Fitzgerald upped their target price on KLA from $800.00 to $875.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft upped their price objective on shares of KLA from $725.00 to $850.00 and gave the stock a "buy" rating in a report on Friday, January 31st. The Goldman Sachs Group lifted their target price on shares of KLA from $759.00 to $864.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Susquehanna raised their price target on KLA from $620.00 to $655.00 and gave the company a "neutral" rating in a research report on Wednesday, January 22nd. Finally, Barclays lifted their price objective on KLA from $700.00 to $760.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $823.83.
View Our Latest Stock Analysis on KLAC
Insider Transactions at KLA
In related news, CFO Bren D. Higgins sold 7,008 shares of KLA stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $724.62, for a total transaction of $5,078,136.96. Following the transaction, the chief financial officer now owns 28,798 shares of the company's stock, valued at $20,867,606.76. This trade represents a 19.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.12% of the stock is owned by corporate insiders.
KLA Profile
(
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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