Norges Bank purchased a new stake in KLA Co. (NASDAQ:KLAC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,865,924 shares of the semiconductor company's stock, valued at approximately $1,175,756,000. Norges Bank owned approximately 1.40% of KLA as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the business. Legacy Investment Solutions LLC acquired a new stake in shares of KLA in the third quarter valued at about $29,000. Tortoise Investment Management LLC lifted its stake in 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 buying an additional 36 shares in the last quarter. TCTC Holdings LLC acquired a new stake in KLA in the 4th quarter worth about $31,000. Kohmann Bosshard Financial Services LLC purchased a new stake in KLA during the 4th quarter worth approximately $32,000. Finally, Fairfield Financial Advisors LTD raised its holdings in shares of 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 acquiring an additional 40 shares during the last quarter. Institutional investors and hedge funds own 86.65% of the company's stock.
KLA Trading Up 0.0 %
Shares of NASDAQ:KLAC traded up $0.17 during midday trading on Tuesday, reaching $679.97. 174,420 shares of the company's stock were exchanged, compared to its average volume of 1,005,153. The stock has a market cap of $90.36 billion, a price-to-earnings ratio of 28.56, 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 firm's 50 day simple moving average is $726.28 and its two-hundred day simple moving average is $702.34. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63.
KLA (NASDAQ:KLAC - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, beating 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, sell-side analysts forecast that KLA Co. will post 31.59 EPS for the current fiscal 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 given a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend was Monday, February 24th. KLA's payout ratio is 28.60%.
Wall Street Analyst Weigh In
KLAC has been the topic of a number of research analyst reports. Morgan Stanley raised KLA from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $748.00 to $870.00 in a research note on Monday. Barclays upped their target price on shares of KLA from $700.00 to $760.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft raised their price target on shares of KLA from $725.00 to $850.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Jefferies Financial Group reaffirmed a "hold" rating and set a $725.00 price objective (down previously from $875.00) on shares of KLA in a research note on Friday. Finally, Cantor Fitzgerald raised their target price on shares of KLA from $800.00 to $875.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $832.17.
Read Our Latest Research Report on KLAC
Insider Transactions at KLA
In related news, CFO Bren D. Higgins sold 7,008 shares of the stock in a transaction dated 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 transaction, the chief financial officer now owns 28,798 shares of the company's stock, valued at approximately $20,867,606.76. This represents a 19.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.12% of the company's stock.
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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