KLA Co. (NASDAQ:KLAC) Shares Acquired by Albert D Mason Inc.

Albert D Mason Inc. increased its stake in shares of KLA Co. (NASDAQ:KLAC) by 64.5% in the 4th quarter, HoldingsChannel reports. The firm owned 3,671 shares of the semiconductor company’s stock after purchasing an additional 1,439 shares during the period. KLA makes up 1.5% of Albert D Mason Inc.’s investment portfolio, making the stock its 14th biggest position. Albert D Mason Inc.’s holdings in KLA were worth $2,313,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Richardson Financial Services Inc. increased its position in shares of KLA by 11.7% in the 2nd quarter. Richardson Financial Services Inc. now owns 238 shares of the semiconductor company’s stock valued at $196,000 after purchasing an additional 25 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of KLA during the second quarter worth $297,000. Brighton Jones LLC increased its holdings in KLA by 2.8% in the second quarter. Brighton Jones LLC now owns 913 shares of the semiconductor company’s stock valued at $753,000 after buying an additional 25 shares during the last quarter. Ieq Capital LLC raised its stake in KLA by 8.5% in the second quarter. Ieq Capital LLC now owns 7,935 shares of the semiconductor company’s stock valued at $6,542,000 after buying an additional 621 shares in the last quarter. Finally, Trust Investment Advisors lifted its holdings in KLA by 21.5% during the 2nd quarter. Trust Investment Advisors now owns 1,538 shares of the semiconductor company’s stock worth $1,268,000 after buying an additional 272 shares during the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Stock Up 1.4 %

KLAC opened at $757.47 on Friday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.48 and a current ratio of 2.13. The company has a market cap of $101.32 billion, a price-to-earnings ratio of 34.59, a PEG ratio of 1.47 and a beta of 1.27. KLA Co. has a one year low of $577.00 and a one year high of $896.32. The business’s fifty day moving average is $654.99 and its two-hundred day moving average is $726.15.

KLA (NASDAQ:KLAC) last posted its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share for the quarter, beating the consensus estimate of $7.03 by $0.30. The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.75 billion. KLA had a net margin of 28.92% and a return on equity of 105.16%. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period last year, the firm posted $5.74 EPS. Analysts anticipate that KLA Co. will post 30.37 EPS for the current fiscal year.

KLA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th were given a dividend of $1.70 per share. This is an increase from KLA’s previous quarterly dividend of $1.45. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.80 annualized dividend and a yield of 0.90%. KLA’s dividend payout ratio (DPR) is presently 31.05%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on KLAC. The Goldman Sachs Group dropped their price objective on KLA from $850.00 to $759.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Wells Fargo & Company dropped their price target on shares of KLA from $800.00 to $795.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Cantor Fitzgerald restated a “neutral” rating and set a $925.00 price objective on shares of KLA in a research report on Tuesday, October 8th. TD Cowen dropped their target price on shares of KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. Finally, Morgan Stanley cut their price target on shares of KLA from $746.00 to $703.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 5th. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, KLA has a consensus rating of “Moderate Buy” and an average price target of $806.60.

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.