KLA Co. (NASDAQ:KLAC) Shares Purchased by Lbp Am Sa

Lbp Am Sa increased its position in shares of KLA Co. (NASDAQ:KLAC) by 113.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,426 shares of the semiconductor company’s stock after acquiring an additional 3,417 shares during the period. Lbp Am Sa’s holdings in KLA were worth $4,049,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new stake in KLA during the 3rd quarter worth about $29,000. Tortoise Investment Management LLC boosted its position in 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 purchasing an additional 36 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in KLA during the fourth quarter worth $32,000. Fairfield Financial Advisors LTD boosted its position in KLA by 160.0% during the fourth quarter. Fairfield Financial Advisors LTD now owns 65 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 40 shares in the last quarter. Finally, FSA Wealth Management LLC purchased a new stake in KLA during the third quarter worth $53,000. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Stock Performance

Shares of NASDAQ:KLAC opened at $713.00 on Friday. The firm has a market capitalization of $94.75 billion, a PE 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 current ratio of 2.36 and a quick ratio of 1.63. The business has a 50-day moving average of $726.81 and a two-hundred day moving average of $706.39. KLA Co. has a 12 month low of $609.40 and a 12 month high of $896.32.

KLA (NASDAQ:KLAC) last announced its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 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%. As a group, research analysts forecast that KLA Co. will post 31.59 earnings per share for the current year.

KLA Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on KLAC. StockNews.com downgraded KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Cantor Fitzgerald boosted their target price on KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Barclays boosted their target price on KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Wells Fargo & Company boosted their price target on KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.