Mesirow Financial Investment Management Inc. boosted its holdings in shares of KLA Co. (NASDAQ:KLAC - Free Report) by 40.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,450 shares of the semiconductor company's stock after acquiring an additional 415 shares during the period. Mesirow Financial Investment Management Inc.'s holdings in KLA were worth $914,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of KLAC. Hutchens & Kramer Investment Management Group LLC grew its stake in KLA by 3.3% during the 4th quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company's stock valued at $259,000 after purchasing an additional 13 shares during the last quarter. Richardson Financial Services Inc. lifted its holdings in shares of KLA by 5.9% in the 4th quarter. Richardson Financial Services Inc. now owns 253 shares of the semiconductor company's stock valued at $160,000 after buying an additional 14 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of KLA by 6.5% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 246 shares of the semiconductor company's stock valued at $155,000 after buying an additional 15 shares during the period. Catalyst Financial Partners LLC lifted its holdings in shares of KLA by 2.0% in the 4th quarter. Catalyst Financial Partners LLC now owns 755 shares of the semiconductor company's stock valued at $476,000 after buying an additional 15 shares during the period. Finally, Citizens Financial Group Inc. RI lifted 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 buying an additional 16 shares during the period. 86.65% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities analysts have recently issued reports on KLAC shares. StockNews.com cut KLA from a "buy" rating to a "hold" rating in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft boosted their price objective on KLA from $725.00 to $850.00 and gave the company a "buy" rating in a report on Friday, January 31st. The Goldman Sachs Group boosted their price objective on KLA from $759.00 to $864.00 and gave the company a "buy" rating in a report on Friday, January 31st. Stifel Nicolaus boosted their price objective on KLA from $800.00 to $825.00 and gave the company a "buy" rating in a report on Friday, January 31st. Finally, Morgan Stanley boosted their price objective on KLA from $703.00 to $748.00 and gave the company an "equal weight" rating in a report on Monday, February 3rd. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $831.68.
Check Out Our Latest Stock Analysis on KLAC
KLA Price Performance
Shares of KLAC stock traded up $19.16 during trading hours on Friday, reaching $711.29. The company had a trading volume of 1,087,883 shares, compared to its average volume of 1,143,586. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36. The stock has a fifty day moving average of $722.21 and a 200-day moving average of $710.85. The company has a market capitalization of $94.52 billion, a price-to-earnings ratio of 29.91, a PEG ratio of 1.57 and a beta of 1.30. KLA Co. has a 12-month low of $609.40 and a 12-month high of $896.32.
KLA (NASDAQ:KLAC - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. On average, equities analysts anticipate that KLA Co. will post 31.59 earnings per share for the current year.
KLA Announces Dividend
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 0.96%. KLA's payout ratio 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.
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