49 Shares in KLA Co. (NASDAQ:KLAC) Acquired by TCTC Holdings LLC

TCTC Holdings LLC acquired a new position in KLA Co. (NASDAQ:KLAC) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 49 shares of the semiconductor company’s stock, valued at approximately $31,000.

Several other institutional investors have also recently bought and sold shares of the stock. Hutchens & Kramer Investment Management Group LLC boosted its stake in shares of KLA by 3.3% during the 4th quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company’s stock worth $259,000 after buying an additional 13 shares during the last quarter. Richardson Financial Services Inc. boosted its stake in shares of KLA by 5.9% during the 4th quarter. Richardson Financial Services Inc. now owns 253 shares of the semiconductor company’s stock worth $160,000 after buying an additional 14 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of KLA by 6.5% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 246 shares of the semiconductor company’s stock worth $155,000 after buying an additional 15 shares during the last quarter. Catalyst Financial Partners LLC boosted its stake in shares of KLA by 2.0% during the 4th quarter. Catalyst Financial Partners LLC now owns 755 shares of the semiconductor company’s stock worth $476,000 after buying an additional 15 shares during the last quarter. Finally, Citizens Financial Group Inc. RI boosted its stake in shares of KLA by 2.8% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 582 shares of the semiconductor company’s stock worth $451,000 after buying an additional 16 shares during the last quarter. Institutional investors own 86.65% of the company’s stock.

KLA Stock Up 0.7 %

Shares of KLAC opened at $718.29 on Tuesday. KLA Co. has a 12 month low of $609.40 and a 12 month high of $896.32. The firm’s 50 day moving average is $727.37 and its 200-day moving average is $705.16. The stock has a market capitalization of $95.45 billion, a PE ratio of 30.21, a P/E/G ratio of 1.57 and a beta of 1.30. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64.

KLA (NASDAQ:KLAC) last announced its 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 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 Announces Dividend

The firm 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. The ex-dividend date of this dividend was Monday, February 24th. This represents a $6.80 annualized dividend and a dividend yield of 0.95%. KLA’s dividend payout ratio is presently 28.60%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on KLAC shares. Morgan Stanley upped their target price on shares of KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. Cantor Fitzgerald upped their target price on shares of KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft upped their target price on shares of KLA from $725.00 to $850.00 and gave the company a “buy” rating in a report on Friday, January 31st. Susquehanna upped their target price on shares of KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Finally, Wells Fargo & Company upped their target price on shares of KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $830.67.

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.