Zurcher Kantonalbank Zurich Cantonalbank Buys 2,132 Shares of KLA Co. (NASDAQ:KLAC)

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in KLA Co. (NASDAQ:KLAC - Free Report) by 6.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 32,916 shares of the semiconductor company's stock after purchasing an additional 2,132 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in KLA were worth $20,741,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new stake in KLA during the 3rd quarter valued at $29,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of KLA during the fourth quarter valued at about $32,000. Groupama Asset Managment boosted its holdings in shares of KLA by 82.3% during the third quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 2,038 shares during the period. Fairfield Financial Advisors LTD grew its stake in shares of KLA by 160.0% in the fourth quarter. Fairfield Financial Advisors LTD now owns 65 shares of the semiconductor company's stock worth $41,000 after purchasing an additional 40 shares during the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in KLA during the 4th quarter valued at about $43,000. Hedge funds and other institutional investors own 86.65% of the company's stock.

KLA Price Performance

Shares of NASDAQ:KLAC opened at $664.22 on Wednesday. The company has a market capitalization of $88.27 billion, a PE ratio of 27.93, a PEG ratio of 1.57 and a beta of 1.30. The business has a fifty day moving average price of $723.78 and a 200-day moving average price of $708.11. KLA Co. has a 1-year low of $609.40 and a 1-year high of $896.32. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63.

Remove Ads

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%. As a group, equities analysts expect that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were paid a dividend of $1.70 per share. The ex-dividend date was Monday, February 24th. This represents a $6.80 annualized dividend and a yield of 1.02%. KLA's dividend payout ratio is 28.60%.

Analyst Upgrades and Downgrades

KLAC has been the subject of several research analyst reports. UBS Group increased 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. Morgan Stanley raised their price target on KLA from $703.00 to $748.00 and gave the stock an "equal weight" rating in a research note on Monday, February 3rd. Stifel Nicolaus boosted their price objective 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 cut shares of KLA from a "buy" rating to a "hold" rating in a research report on Wednesday, November 27th. Finally, The Goldman Sachs Group boosted their price target on shares of KLA from $759.00 to $864.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $831.68.

KLA Profile

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.

Want to see what other hedge funds are holding KLAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KLA Co. (NASDAQ:KLAC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.