Raymond James Financial Inc. purchased a new position in shares of KLA Co. (NASDAQ:KLAC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 225,703 shares of the semiconductor company's stock, valued at approximately $142,221,000. Raymond James Financial Inc. owned 0.17% of KLA as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of the business. Hutchens & Kramer Investment Management Group LLC lifted its holdings in shares of KLA by 3.3% during the fourth quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company's stock worth $259,000 after purchasing an additional 13 shares during the period. Richardson Financial Services Inc. increased its stake in KLA by 5.9% in the fourth quarter. Richardson Financial Services Inc. now owns 253 shares of the semiconductor company's stock valued at $160,000 after purchasing an additional 14 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its stake in KLA by 6.5% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 246 shares of the semiconductor company's stock valued at $155,000 after purchasing an additional 15 shares in the last quarter. Catalyst Financial Partners LLC increased its position in shares of KLA by 2.0% during the fourth quarter. Catalyst Financial Partners LLC now owns 755 shares of the semiconductor company's stock worth $476,000 after acquiring an additional 15 shares in the last quarter. Finally, Citizens Financial Group Inc. RI increased its position in shares of KLA by 2.8% during the third quarter. Citizens Financial Group Inc. RI now owns 582 shares of the semiconductor company's stock worth $451,000 after acquiring an additional 16 shares in the last quarter. Institutional investors and hedge funds own 86.65% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on KLAC. Susquehanna increased 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. UBS Group lifted their target price on shares of KLA from $665.00 to $780.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft lifted their target price on shares of KLA from $725.00 to $850.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. The Goldman Sachs Group lifted their target price on shares of KLA from $759.00 to $864.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Finally, Barclays lifted their target price 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. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $831.68.
Get Our Latest Analysis on KLA
KLA Stock Up 2.8 %
KLA stock traded up $19.16 during trading hours on Friday, hitting $711.29. The stock had a trading volume of 1,087,883 shares, compared to its average volume of 1,143,586. 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 stock has a market capitalization of $94.52 billion, a P/E ratio of 29.91, a price-to-earnings-growth 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. The stock's 50-day moving average price is $722.21 and its 200-day moving average price is $710.85.
KLA (NASDAQ:KLAC - Get Free Report) last issued its earnings results 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%. Equities research analysts anticipate that KLA Co. will post 31.59 EPS for the current fiscal year.
KLA Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were issued a dividend of $1.70 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a yield of 0.96%. KLA's dividend payout ratio is currently 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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