M&T Bank Corp Purchases 128 Shares of KLA Co. (NASDAQ:KLAC)

M&T Bank Corp raised its position in shares of KLA Co. (NASDAQ:KLAC) by 0.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,852 shares of the semiconductor company’s stock after acquiring an additional 128 shares during the quarter. M&T Bank Corp’s holdings in KLA were worth $11,249,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Swedbank AB increased its stake in shares of KLA by 0.4% in the 3rd quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock valued at $426,660,000 after acquiring an additional 2,019 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in KLA by 1.1% in the third quarter. Harbor Capital Advisors Inc. now owns 1,433 shares of the semiconductor company’s stock worth $1,110,000 after purchasing an additional 16 shares during the period. Catalina Capital Group LLC raised its holdings in shares of KLA by 10.6% during the third quarter. Catalina Capital Group LLC now owns 461 shares of the semiconductor company’s stock valued at $357,000 after purchasing an additional 44 shares during the period. Foster & Motley Inc. boosted its position in shares of KLA by 29.0% during the 3rd quarter. Foster & Motley Inc. now owns 3,052 shares of the semiconductor company’s stock worth $2,363,000 after purchasing an additional 686 shares in the last quarter. Finally, M&G PLC acquired a new stake in shares of KLA in the 3rd quarter valued at about $820,000. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on KLAC. Cantor Fitzgerald upped their price target on KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. UBS Group upped their target price on KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. Morgan Stanley lifted their price target 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. Stifel Nicolaus upped their price objective on shares of KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of KLA from $725.00 to $850.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $831.68.

KLA Stock Performance

Shares of KLAC opened at $692.13 on Friday. The stock has a 50 day moving average of $720.88 and a 200 day moving average of $712.31. The company has a market capitalization of $91.98 billion, a price-to-earnings ratio of 29.11, a PEG ratio of 1.57 and a beta of 1.28. KLA Co. has a 12 month low of $609.40 and a 12 month high of $896.32. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64.

KLA (NASDAQ:KLAC) last announced its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. As a group, sell-side analysts forecast that KLA Co. will post 31.59 earnings per share for the current year.

KLA Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Monday, February 24th. KLA’s payout ratio is 28.60%.

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.