Kirtland Hills Capital Management LLC boosted its stake in shares of KLA Co. (NASDAQ:KLAC – Free Report) by 76.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 633 shares of the semiconductor company’s stock after acquiring an additional 275 shares during the period. Kirtland Hills Capital Management LLC’s holdings in KLA were worth $399,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of KLAC. Swedbank AB grew its stake in KLA by 0.4% during the third quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock valued at $426,660,000 after acquiring an additional 2,019 shares in the last quarter. Patriot Financial Group Insurance Agency LLC grew its stake in KLA by 28.0% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 370 shares of the semiconductor company’s stock valued at $286,000 after acquiring an additional 81 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in KLA by 49.1% during the third quarter. Nisa Investment Advisors LLC now owns 59,246 shares of the semiconductor company’s stock valued at $45,881,000 after acquiring an additional 19,522 shares in the last quarter. abrdn plc grew its stake in KLA by 18.0% during the third quarter. abrdn plc now owns 66,596 shares of the semiconductor company’s stock valued at $51,318,000 after acquiring an additional 10,139 shares in the last quarter. Finally, China Universal Asset Management Co. Ltd. grew its stake in KLA by 11.9% during the third quarter. China Universal Asset Management Co. Ltd. now owns 9,385 shares of the semiconductor company’s stock valued at $7,268,000 after acquiring an additional 995 shares in the last quarter. 86.65% of the stock is owned by hedge funds and other institutional investors.
KLA Trading Down 1.7 %
NASDAQ:KLAC opened at $724.97 on Wednesday. KLA Co. has a one year low of $609.40 and a one year 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 firm has a market cap of $96.34 billion, a P/E ratio of 30.49, a P/E/G ratio of 1.57 and a beta of 1.28. The firm has a 50-day simple moving average of $711.58 and a 200-day simple moving average of $715.70.
KLA Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th will be issued a $1.70 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $6.80 annualized dividend and a dividend yield of 0.94%. KLA’s dividend payout ratio is currently 28.60%.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on KLAC shares. Oppenheimer raised shares of KLA from a “market perform” rating to an “outperform” rating and raised their target price for the company from $750.00 to $850.00 in a research note on Thursday, October 31st. Stifel Nicolaus lifted their price objective on shares of KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. UBS Group lifted their price objective on shares of KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Barclays lifted their price objective on shares of KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Finally, Cantor Fitzgerald raised their target price on shares of KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, KLA has an average rating of “Moderate Buy” and an average price target of $831.68.
View Our Latest Analysis on KLAC
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.
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