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:KLAC) 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:KLAC) 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.

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.