Impact Investors Inc Buys New Holdings in KLA Co. (NASDAQ:KLAC)

Impact Investors Inc purchased a new position in KLA Co. (NASDAQ:KLAC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 325 shares of the semiconductor company’s stock, valued at approximately $205,000.

Several other large investors also recently modified their holdings of KLAC. State Street Corp boosted its position in KLA by 2.5% during the 3rd quarter. State Street Corp now owns 5,979,293 shares of the semiconductor company’s stock valued at $4,630,424,000 after acquiring an additional 145,317 shares in the last quarter. Mizuho Securities USA LLC increased its position in KLA by 32,828.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock valued at $2,647,708,000 after buying an additional 3,408,617 shares in the last quarter. Geode Capital Management LLC raised its stake in KLA by 3.0% during the third quarter. Geode Capital Management LLC now owns 3,221,694 shares of the semiconductor company’s stock valued at $2,487,971,000 after buying an additional 93,743 shares during the last quarter. Van ECK Associates Corp boosted its holdings in KLA by 25.7% in the third quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock worth $1,083,684,000 after acquiring an additional 286,015 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of KLA by 5.9% in the fourth quarter. Bank of New York Mellon Corp now owns 1,153,043 shares of the semiconductor company’s stock worth $726,555,000 after acquiring an additional 64,238 shares during the last quarter. 86.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on KLAC. Susquehanna lifted their price target on KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. TD Cowen dropped their target price on shares of KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a research note on Thursday, October 31st. Cantor Fitzgerald raised their price target on shares of KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Oppenheimer raised KLA from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $750.00 to $850.00 in a research report on Thursday, October 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 company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $831.68.

KLA Stock Performance

KLAC opened at $724.97 on Wednesday. KLA Co. has a 12-month low of $609.40 and a 12-month high of $896.32. The company has a market cap of $96.34 billion, a price-to-earnings ratio of 30.49, a PEG ratio of 1.57 and a beta of 1.28. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. The company’s 50 day moving average is $711.58 and its 200 day moving average is $715.70.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share 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%. On average, equities research analysts predict that KLA Co. will post 31.59 EPS for the current year.

KLA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th will be given a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend is Monday, February 24th. KLA’s payout ratio is 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.