Treasurer of the State of North Carolina grew its stake in KLA Co. (NASDAQ:KLAC - Free Report) by 0.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 72,211 shares of the semiconductor company's stock after purchasing an additional 659 shares during the period. Treasurer of the State of North Carolina owned about 0.05% of KLA worth $45,502,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Diversify Advisory Services LLC grew its position in KLA by 22.7% during the fourth quarter. Diversify Advisory Services LLC now owns 648 shares of the semiconductor company's stock valued at $443,000 after buying an additional 120 shares during the period. Hennion & Walsh Asset Management Inc. boosted its stake in shares of KLA by 27.6% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 9,778 shares of the semiconductor company's stock worth $6,161,000 after acquiring an additional 2,112 shares in the last quarter. Milestone Asset Management LLC acquired a new stake in shares of KLA during the 4th quarter valued at about $1,563,000. AEGON ASSET MANAGEMENT UK Plc increased its stake in shares of KLA by 15.2% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 60,834 shares of the semiconductor company's stock valued at $38,326,000 after purchasing an additional 8,028 shares in the last quarter. Finally, Fiduciary Alliance LLC acquired a new position in KLA in the 4th quarter worth about $1,190,000. Institutional investors and hedge funds own 86.65% of the company's stock.
KLA Trading Up 0.2 %
NASDAQ KLAC traded up $1.03 during trading hours on Tuesday, reaching $671.00. The company had a trading volume of 323,650 shares, compared to its average volume of 1,050,912. KLA Co. has a 1-year low of $551.33 and a 1-year high of $896.32. The stock has a market capitalization of $89.17 billion, a P/E ratio of 28.22, a price-to-earnings-growth ratio of 1.57 and a beta of 1.37. The stock has a 50-day moving average of $703.79 and a 200 day moving average of $693.18. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64.
KLA (NASDAQ:KLAC - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, topping 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, research analysts anticipate that KLA Co. will post 31.59 earnings per share for the current fiscal year.
KLA Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th were paid a $1.70 dividend. This represents a $6.80 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Monday, February 24th. KLA's payout ratio is currently 28.60%.
Analyst Ratings Changes
Several brokerages have recently weighed in on KLAC. The Goldman Sachs Group upped their target price on KLA from $759.00 to $864.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Wells Fargo & Company lifted their target price on shares of KLA from $795.00 to $870.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Oppenheimer reduced their price target on shares of KLA from $850.00 to $700.00 and set an "outperform" rating for the company in a research report on Friday. UBS Group lifted their price objective on KLA from $665.00 to $780.00 and gave the stock a "neutral" rating in a report on Tuesday, January 21st. Finally, Citigroup reduced their target price on KLA from $910.00 to $800.00 and set a "buy" rating for the company in a report on Friday. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $814.11.
Get Our Latest Analysis on KLA
Insiders Place Their Bets
In related news, CFO Bren D. Higgins sold 7,008 shares of KLA stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $724.62, for a total value of $5,078,136.96. Following the transaction, the chief financial officer now directly owns 28,798 shares in the company, valued at $20,867,606.76. This trade represents a 19.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.12% of the stock is owned by company insiders.
KLA Profile
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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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