Clare Market Investments LLC Invests $687,000 in KLA Co. (NASDAQ:KLAC)

Clare Market Investments LLC purchased a new position in shares of KLA Co. (NASDAQ:KLAC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,090 shares of the semiconductor company’s stock, valued at approximately $687,000.

A number of other large investors have also modified their holdings of KLAC. Legacy Investment Solutions LLC purchased a new stake in shares of KLA during the third quarter worth about $29,000. Tortoise Investment Management LLC grew its stake in shares of KLA by 300.0% during the fourth quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 36 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of KLA during the fourth quarter worth about $32,000. Groupama Asset Managment lifted its holdings in shares of KLA by 82.3% during the third quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 2,038 shares during the period. Finally, Capital Performance Advisors LLP acquired a new stake in shares of KLA during the third quarter worth about $38,000. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Stock Down 4.6 %

KLA stock opened at $678.36 on Tuesday. The stock has a market capitalization of $90.15 billion, a PE ratio of 28.53, a price-to-earnings-growth ratio of 1.57 and a beta of 1.30. KLA Co. has a 12 month low of $609.40 and a 12 month high of $896.32. The business has a 50 day simple moving average of $723.10 and a 200-day simple moving average of $709.19. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, beating analysts’ consensus estimates of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. On average, analysts anticipate that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Monday, February 24th were given a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a dividend yield of 1.00%. The ex-dividend date was Monday, February 24th. KLA’s payout ratio is 28.60%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Susquehanna lifted their target price on KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Barclays lifted their target price on KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Morgan Stanley lifted their target price on KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a report on Monday, February 3rd. Stifel Nicolaus lifted their target price on KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, UBS Group lifted their target price on KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $831.68.

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.