49 Shares in KLA Co. (NASDAQ:KLAC) Acquired by TCTC Holdings LLC

TCTC Holdings LLC purchased a new position in shares of KLA Co. (NASDAQ:KLACFree Report) during the 4th quarter, Holdings Channel.com reports. The firm purchased 49 shares of the semiconductor company’s stock, valued at approximately $31,000.

Other large investors have also made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new stake in shares of KLA during the 3rd quarter worth approximately $29,000. Tortoise Investment Management LLC boosted its position in KLA by 300.0% in the fourth quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 36 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in KLA in the fourth quarter valued at approximately $32,000. Groupama Asset Managment boosted its position in KLA by 82.3% in the third quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 2,038 shares in the last quarter. Finally, Fairfield Financial Advisors LTD boosted its position in KLA by 160.0% in the fourth quarter. Fairfield Financial Advisors LTD now owns 65 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 40 shares in the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Price Performance

Shares of NASDAQ KLAC opened at $718.29 on Tuesday. KLA Co. has a twelve month low of $609.40 and a twelve month high of $896.32. The firm has a fifty day simple moving average of $727.37 and a 200 day simple moving average of $705.16. The company has a market capitalization of $95.45 billion, a PE ratio of 30.21, 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 (NASDAQ:KLACGet Free Report) last posted its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, beating 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, sell-side analysts forecast that KLA Co. will post 31.59 EPS for the current year.

KLA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were paid a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 0.95%. The ex-dividend date was Monday, February 24th. KLA’s dividend payout ratio (DPR) is currently 28.60%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on KLAC. 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 report on Monday, February 3rd. UBS Group raised their target price on shares of KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. Cantor Fitzgerald raised their target price on shares of KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Barclays raised their target price on shares of KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Finally, StockNews.com downgraded shares of KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, KLA has a consensus rating of “Moderate Buy” and a consensus target price of $830.67.

Check Out Our Latest Stock Analysis on KLA

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.

Featured Articles

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:KLACFree Report).

Institutional Ownership by Quarter for KLA (NASDAQ:KLAC)

Receive News & Ratings for KLA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLA and related companies with MarketBeat.com's FREE daily email newsletter.