Lbp Am Sa Buys 3,417 Shares of KLA Co. (NASDAQ:KLAC)

LBP AM SA raised its position in KLA Co. (NASDAQ:KLAC - Free Report) by 113.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,426 shares of the semiconductor company's stock after purchasing an additional 3,417 shares during the period. LBP AM SA's holdings in KLA were worth $4,049,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of KLAC. Mizuho Securities USA LLC increased its stake in KLA by 32,828.8% in the third quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company's stock valued at $2,647,708,000 after purchasing an additional 3,408,617 shares in the last quarter. Parnassus Investments LLC increased its position in shares of KLA by 381.3% during the fourth quarter. Parnassus Investments LLC now owns 733,328 shares of the semiconductor company's stock worth $462,085,000 after acquiring an additional 580,967 shares in the last quarter. Proficio Capital Partners LLC increased its position in shares of KLA by 114,444.5% during the fourth quarter. Proficio Capital Partners LLC now owns 342,488 shares of the semiconductor company's stock worth $215,809,000 after acquiring an additional 342,189 shares in the last quarter. Two Sigma Advisers LP increased its position in shares of KLA by 10,766.7% during the third quarter. Two Sigma Advisers LP now owns 228,200 shares of the semiconductor company's stock worth $176,720,000 after acquiring an additional 226,100 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of KLA during the fourth quarter worth $142,221,000. Institutional investors own 86.65% of the company's stock.

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KLA Stock Performance

Shares of NASDAQ KLAC traded down $3.15 during mid-day trading on Thursday, reaching $716.46. 628,151 shares of the company were exchanged, compared to its average volume of 946,970. KLA Co. has a twelve month low of $609.40 and a twelve month high of $896.32. The stock has a market capitalization of $95.21 billion, a P/E ratio of 30.13, a P/E/G ratio of 1.57 and a beta of 1.30. The company's 50-day simple moving average is $728.45 and its 200-day simple moving average is $704.50. 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 (NASDAQ:KLAC - Get Free Report) last released its quarterly 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, research analysts predict that KLA Co. will post 31.59 earnings per share for the current year.

KLA Dividend Announcement

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 annualized dividend and a yield of 0.95%. The ex-dividend date was Monday, February 24th. KLA's dividend payout ratio is currently 28.60%.

Wall Street Analysts Forecast Growth

KLAC has been the subject of several research reports. Cantor Fitzgerald increased their price objective on shares of KLA from $800.00 to $875.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Barclays increased their price objective on shares of KLA from $700.00 to $760.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. StockNews.com downgraded shares of KLA from a "buy" rating to a "hold" rating in a research report on Wednesday, November 27th. 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. Finally, UBS Group raised their target price on shares of KLA from $665.00 to $780.00 and gave the company a "neutral" rating in a research report on Tuesday, January 21st. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, KLA presently has an average rating of "Moderate Buy" and an average target price of $830.67.

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.