KLA Co. (NASDAQ:KLAC) Shares Acquired by Intact Investment Management Inc.

Intact Investment Management Inc. boosted its stake in KLA Co. (NASDAQ:KLAC) by 36.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,100 shares of the semiconductor company’s stock after buying an additional 560 shares during the period. Intact Investment Management Inc.’s holdings in KLA were worth $1,323,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Swedbank AB grew its position in KLA by 0.4% in the 3rd quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock worth $426,660,000 after purchasing an additional 2,019 shares during the last quarter. United Bank acquired a new stake in KLA in the 3rd quarter valued at approximately $339,000. Sigma Planning Corp raised its stake in KLA by 12.4% during the 3rd quarter. Sigma Planning Corp now owns 725 shares of the semiconductor company’s stock valued at $561,000 after acquiring an additional 80 shares in the last quarter. Harbour Investments Inc. boosted its position in KLA by 6.3% during the 3rd quarter. Harbour Investments Inc. now owns 386 shares of the semiconductor company’s stock worth $299,000 after acquiring an additional 23 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in shares of KLA during the third quarter valued at $877,000. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Stock Performance

KLAC stock opened at $713.00 on Friday. The stock has a market cap of $94.75 billion, a P/E ratio of 29.98, a P/E/G ratio of 1.57 and a beta of 1.30. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36. The firm has a 50 day simple moving average of $726.81 and a 200 day simple moving average of $707.13. KLA Co. has a 52 week low of $609.40 and a 52 week high of $896.32.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, topping 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%. Research analysts anticipate that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have commented on the stock. The Goldman Sachs Group boosted their price target on shares of KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Barclays upped their price objective on KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Susquehanna upped their price target on shares of KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. UBS Group boosted their target price on shares of KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft upped their price target on KLA from $725.00 to $850.00 and gave the company a “buy” rating in a report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $830.67.

KLA Company 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.