CIBC Private Wealth Group LLC Acquires 462 Shares of KLA Co. (NASDAQ:KLAC)

CIBC Private Wealth Group LLC raised its holdings in shares of KLA Co. (NASDAQ:KLAC) by 14.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 3,607 shares of the semiconductor company’s stock after acquiring an additional 462 shares during the period. CIBC Private Wealth Group LLC’s holdings in KLA were worth $2,475,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in KLAC. Legacy Investment Solutions LLC bought a new stake in KLA in the third quarter valued at about $29,000. Tortoise Investment Management LLC increased its stake in shares of KLA by 300.0% in the 4th quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 36 shares during the last quarter. TCTC Holdings LLC acquired a new stake in shares of KLA in the 4th quarter valued at approximately $31,000. Kohmann Bosshard Financial Services LLC bought a new position in KLA during the 4th quarter worth approximately $32,000. Finally, Groupama Asset Managment increased its stake in KLA by 82.3% in the third quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 2,038 shares in the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on KLAC. Barclays increased their target price on shares of KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft boosted their target price on KLA from $725.00 to $850.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Wells Fargo & Company raised their price target on KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Needham & Company LLC boosted their price objective on KLA from $800.00 to $830.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Finally, Susquehanna raised 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. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $832.17.

KLA Price Performance

NASDAQ:KLAC opened at $686.19 on Thursday. The stock has a market capitalization of $91.19 billion, a PE ratio of 28.86, a P/E/G ratio of 1.57 and a beta of 1.30. KLA Co. has a 1-year low of $609.40 and a 1-year high of $896.32. The firm has a fifty day simple moving average of $722.87 and a 200 day simple moving average of $701.74. 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 released its quarterly earnings data 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, research analysts expect that KLA Co. will post 31.59 EPS for the current fiscal 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 paid a dividend of $1.70 per share. The ex-dividend date was Monday, February 24th. This represents a $6.80 annualized dividend and a dividend yield of 0.99%. KLA’s dividend payout ratio is currently 28.60%.

Insider Buying and Selling

In other KLA news, CFO Bren D. Higgins sold 7,008 shares of the company’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $724.62, for a total value of $5,078,136.96. Following the transaction, the chief financial officer now directly owns 28,798 shares in the company, valued at $20,867,606.76. The trade was a 19.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.12% of the stock is owned by insiders.

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.