Loomis Sayles & Co. L P raised its stake in shares of KLA Co. (NASDAQ:KLAC - Free Report) by 886.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,677 shares of the semiconductor company's stock after buying an additional 1,507 shares during the period. Loomis Sayles & Co. L P's holdings in KLA were worth $1,057,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Legacy Investment Solutions LLC purchased a new position in KLA during the third quarter valued at approximately $29,000. Tortoise Investment Management LLC grew its stake in shares of KLA by 300.0% during the 4th quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company's stock worth $30,000 after purchasing an additional 36 shares during the period. TCTC Holdings LLC purchased a new position in shares of KLA during the 4th quarter valued at approximately $31,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of KLA in the 4th quarter valued at $32,000. Finally, Groupama Asset Managment boosted its holdings in KLA by 82.3% during the third quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company's stock worth $35,000 after buying an additional 2,038 shares in the last quarter. Institutional investors and hedge funds own 86.65% of the company's stock.
KLA Trading Up 0.4 %
NASDAQ:KLAC traded up $2.66 during trading hours on Tuesday, hitting $682.46. The company had a trading volume of 669,286 shares, compared to its average volume of 1,007,057. KLA Co. has a 1 year low of $609.40 and a 1 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 moving average of $726.28 and a 200 day moving average of $702.34. The company has a market cap of $90.69 billion, a P/E ratio of 28.70, a P/E/G ratio of 1.57 and a beta of 1.30.
KLA (NASDAQ:KLAC - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts expect that KLA Co. will post 31.59 earnings per share for the current year.
KLA Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Monday, February 24th were given a $1.70 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $6.80 annualized dividend and a yield of 1.00%. KLA's payout ratio is 28.60%.
Analysts Set New Price Targets
A number of research analysts have weighed in on KLAC shares. Cantor Fitzgerald lifted their price objective on shares of KLA from $800.00 to $875.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Barclays raised their price objective on KLA from $700.00 to $760.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Wells Fargo & Company upped their target price on KLA from $795.00 to $870.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Needham & Company LLC boosted their price target on shares of KLA from $800.00 to $830.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Finally, Stifel Nicolaus increased their price objective on shares of KLA from $800.00 to $825.00 and gave the company a "buy" rating in a report on Friday, January 31st. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $832.17.
Read Our Latest Analysis on KLA
Insiders Place Their Bets
In other news, CFO Bren D. Higgins sold 7,008 shares of the stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $724.62, for a total transaction of $5,078,136.96. Following the completion of the transaction, the chief financial officer now directly owns 28,798 shares in the company, valued at approximately $20,867,606.76. This represents a 19.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.12% of the stock is owned by insiders.
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.
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