GAM Holding AG Has $1.29 Million Holdings in KLA Co. (NASDAQ:KLAC)

GAM Holding AG lessened its position in KLA Co. (NASDAQ:KLAC) by 78.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,041 shares of the semiconductor company’s stock after selling 7,585 shares during the period. GAM Holding AG’s holdings in KLA were worth $1,286,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC lifted its holdings in shares of KLA by 2.6% in the fourth quarter. Venturi Wealth Management LLC now owns 18,032 shares of the semiconductor company’s stock valued at $11,362,000 after purchasing an additional 462 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in shares of KLA by 17.5% in the fourth quarter. D.A. Davidson & CO. now owns 4,429 shares of the semiconductor company’s stock valued at $2,791,000 after purchasing an additional 660 shares in the last quarter. Blue Chip Partners LLC lifted its holdings in shares of KLA by 1.4% in the fourth quarter. Blue Chip Partners LLC now owns 20,189 shares of the semiconductor company’s stock valued at $12,722,000 after purchasing an additional 270 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of KLA by 3.1% in the fourth quarter. CIBC Asset Management Inc now owns 43,170 shares of the semiconductor company’s stock valued at $27,202,000 after purchasing an additional 1,299 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC lifted its holdings in shares of KLA by 3.5% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,699 shares of the semiconductor company’s stock valued at $1,701,000 after purchasing an additional 92 shares in the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on KLAC shares. The Goldman Sachs Group lifted their price target on KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Oppenheimer upgraded KLA from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $750.00 to $850.00 in a report on Thursday, October 31st. Cantor Fitzgerald lifted their price target on KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Stifel Nicolaus lifted their price target on KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, StockNews.com lowered KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $831.68.

KLA Price Performance

Shares of NASDAQ KLAC opened at $758.25 on Wednesday. The stock has a market cap of $100.76 billion, a PE ratio of 31.89, a price-to-earnings-growth ratio of 1.54 and a beta of 1.28. KLA Co. has a fifty-two week low of $609.40 and a fifty-two week high of $896.32. 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 stock has a fifty day moving average of $699.08 and a 200-day moving average of $714.19.

KLA (NASDAQ:KLAC) last announced its quarterly 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 return on equity of 108.60% and a net margin of 29.58%. Equities research analysts anticipate that KLA Co. will post 31.59 earnings per share for the current year.

KLA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th will be given a $1.70 dividend. This represents a $6.80 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Monday, February 24th. KLA’s dividend payout ratio (DPR) is presently 28.60%.

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.