TCTC Holdings LLC purchased a new position in shares of KLA Co. (NASDAQ:KLAC – Free 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 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
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
- Five stocks we like better than KLA
- What Investors Need to Know to Beat the Market
- Can TikTok Stock Picks Really Make You Rich?
- Overbought Stocks Explained: Should You Trade Them?
- The “Quality” Rotation: Back to Basics Investing
- Stock Market Sectors: What Are They and How Many Are There?
- Occidental Petroleum: 4 Reasons to Love These Prices
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).
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.