OVERSEA CHINESE BANKING Corp Ltd Has $7.04 Million Stock Holdings in KLA Co. (NASDAQ:KLAC)

OVERSEA CHINESE BANKING Corp Ltd boosted its stake in shares of KLA Co. (NASDAQ:KLAC - Free Report) by 23.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,173 shares of the semiconductor company's stock after purchasing an additional 2,088 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd's holdings in KLA were worth $7,040,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of KLAC. Legacy Investment Solutions LLC bought a new stake in shares of KLA in the 3rd quarter worth about $29,000. Tortoise Investment Management LLC grew its holdings in 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 acquiring an additional 36 shares during the last quarter. TCTC Holdings LLC acquired a new position in KLA during the 4th quarter valued at about $31,000. Kohmann Bosshard Financial Services LLC acquired a new position in KLA during the 4th quarter valued at about $32,000. Finally, Fairfield Financial Advisors LTD lifted its position in KLA by 160.0% during the 4th quarter. Fairfield Financial Advisors LTD now owns 65 shares of the semiconductor company's stock valued at $41,000 after purchasing an additional 40 shares during the period. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on KLAC shares. Susquehanna upped their target price on shares of KLA from $620.00 to $655.00 and gave the company a "neutral" rating in a research report on Wednesday, January 22nd. Stifel Nicolaus increased their price target on shares of KLA from $800.00 to $825.00 and gave the company a "buy" 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. Morgan Stanley increased their price target on shares of KLA from $703.00 to $748.00 and gave the company an "equal weight" rating in a research report on Monday, February 3rd. Finally, Cantor Fitzgerald increased their price target on shares of KLA from $800.00 to $875.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $830.67.

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KLA Stock Down 1.4 %

Shares of NASDAQ:KLAC traded down $9.97 during midday trading on Friday, hitting $706.49. The stock had a trading volume of 2,454,762 shares, compared to its average volume of 954,804. KLA Co. has a 12 month low of $609.40 and a 12 month high of $896.32. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64. The business's 50-day simple moving average is $729.52 and its 200-day simple moving average is $703.53. The company has a market cap of $93.88 billion, a P/E ratio of 29.71, a PEG ratio of 1.57 and a beta of 1.30.

KLA (NASDAQ:KLAC - Get Free Report) last released its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, beating 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%. On average, sell-side analysts forecast that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors 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 annualized dividend and a dividend yield of 0.96%. KLA's dividend payout ratio is presently 28.60%.

About KLA

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.