Blueshift Asset Management LLC Buys 211 Shares of KLA Co. (NASDAQ:KLAC)

Blueshift Asset Management LLC lifted its stake in KLA Co. (NASDAQ:KLAC) by 19.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,279 shares of the semiconductor company’s stock after purchasing an additional 211 shares during the period. Blueshift Asset Management LLC’s holdings in KLA were worth $806,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new position in shares of KLA in the third quarter worth about $29,000. Tortoise Investment Management LLC grew its holdings in shares of KLA by 300.0% in 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 during the last quarter. TCTC Holdings LLC bought a new position in shares of KLA in the fourth quarter worth about $31,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of KLA in the fourth quarter worth about $32,000. Finally, Fairfield Financial Advisors LTD grew its holdings in KLA by 160.0% during the 4th quarter. Fairfield Financial Advisors LTD now owns 65 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 40 shares in the last quarter. 86.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. The Goldman Sachs Group increased their target price on shares of KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Susquehanna increased their target price on shares of KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft increased their target price on shares of KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a report on Friday, January 31st. UBS Group increased 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, StockNews.com cut shares of KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. 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 Price Performance

NASDAQ:KLAC opened at $719.61 on Thursday. 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 firm has a market cap of $95.63 billion, a price-to-earnings ratio of 30.26, a price-to-earnings-growth ratio of 1.57 and a beta of 1.30. The company has a 50 day moving average price of $728.45 and a 200-day moving average price of $704.50. KLA Co. has a 1-year low of $609.40 and a 1-year high of $896.32.

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

KLA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th were issued a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a dividend yield of 0.94%. The ex-dividend date was Monday, February 24th. KLA’s dividend payout ratio (DPR) 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.