Trivest Advisors Ltd acquired a new stake in KLA Co. (NASDAQ:KLAC - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 10,920 shares of the semiconductor company's stock, valued at approximately $6,881,000.
Other hedge funds have also recently bought and sold shares of the company. Swedbank AB lifted its position in KLA by 0.4% in the 3rd quarter. Swedbank AB now owns 550,949 shares of the semiconductor company's stock valued at $426,660,000 after purchasing an additional 2,019 shares during the last quarter. Diversify Advisory Services LLC increased its stake in KLA by 22.7% during the 4th 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. Daiwa Securities Group Inc. increased its stake in KLA by 14.1% during the 3rd quarter. Daiwa Securities Group Inc. now owns 33,215 shares of the semiconductor company's stock valued at $25,722,000 after buying an additional 4,112 shares during the period. Hennion & Walsh Asset Management Inc. increased its stake in KLA by 27.6% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 9,778 shares of the semiconductor company's stock valued at $6,161,000 after buying an additional 2,112 shares during the period. Finally, Milestone Asset Management LLC acquired a new position in KLA during the 4th quarter valued at about $1,563,000. 86.65% of the stock is currently owned by institutional investors.
KLA Trading Down 1.4 %
Shares of KLA stock traded down $9.97 during 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. The stock has a 50 day simple moving average of $729.52 and a 200 day simple moving average of $703.24. The company has a market capitalization of $93.88 billion, a PE ratio of 29.71, a P/E/G ratio of 1.57 and a beta of 1.30. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64. KLA Co. has a 1 year low of $609.40 and a 1 year high of $896.32.
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, 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%. On average, research analysts expect that KLA Co. will post 31.59 EPS for the current fiscal year.
KLA Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Monday, February 24th were issued a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a dividend yield of 0.96%. The ex-dividend date was Monday, February 24th. KLA's dividend payout ratio is currently 28.60%.
Analyst Ratings Changes
Several equities analysts have commented on the stock. Morgan Stanley raised their target price on shares of KLA from $703.00 to $748.00 and gave the company an "equal weight" rating in a research note on Monday, February 3rd. The Goldman Sachs Group raised their target price on shares of KLA from $759.00 to $864.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Stifel Nicolaus raised their target price on shares of KLA from $800.00 to $825.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft raised their target price on shares of KLA from $725.00 to $850.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Finally, Susquehanna lifted their price objective on shares of KLA from $620.00 to $655.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 22nd. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $830.67.
Get Our Latest Stock Report on KLAC
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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