Cibc World Market Inc. Purchases 15,352 Shares of KLA Co. (NASDAQ:KLAC)

Cibc World Market Inc. raised its position in shares of KLA Co. (NASDAQ:KLAC) by 80.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 34,451 shares of the semiconductor company’s stock after purchasing an additional 15,352 shares during the quarter. Cibc World Market Inc.’s holdings in KLA were worth $21,708,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CVA Family Office LLC grew its holdings in KLA by 3.7% during the third quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company’s stock valued at $283,000 after purchasing an additional 13 shares during the period. Hutchens & Kramer Investment Management Group LLC increased its holdings in KLA by 3.3% in the 4th quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company’s stock worth $259,000 after acquiring an additional 13 shares in the last quarter. Marcum Wealth LLC raised its stake in KLA by 4.1% during the 3rd quarter. Marcum Wealth LLC now owns 384 shares of the semiconductor company’s stock worth $297,000 after acquiring an additional 15 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in KLA by 1.1% during the third quarter. Harbor Capital Advisors Inc. now owns 1,433 shares of the semiconductor company’s stock valued at $1,110,000 after purchasing an additional 16 shares in the last quarter. Finally, Ascent Wealth Partners LLC boosted its position in shares of KLA by 0.4% in the third quarter. Ascent Wealth Partners LLC now owns 4,466 shares of the semiconductor company’s stock worth $3,459,000 after purchasing an additional 16 shares during the period. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Trading Down 0.6 %

Shares of NASDAQ:KLAC opened at $738.24 on Friday. The company has a market capitalization of $98.75 billion, a PE ratio of 33.71, a P/E/G ratio of 1.54 and a beta of 1.27. The company has a current ratio of 2.13, a quick ratio of 1.48 and a debt-to-equity ratio of 1.65. KLA Co. has a 12-month low of $581.70 and a 12-month high of $896.32. The business’s fifty day simple moving average is $673.99 and its 200-day simple moving average is $718.67.

KLA (NASDAQ:KLAC) last posted its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.73 by $0.47. KLA had a return on equity of 105.16% and a net margin of 28.92%. As a group, equities research analysts predict that KLA Co. will post 30.34 earnings per share for the current fiscal year.

KLA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th were paid a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 0.92%. This is an increase from KLA’s previous quarterly dividend of $1.45. The ex-dividend date of this dividend was Monday, November 18th. KLA’s dividend payout ratio (DPR) is 28.60%.

Wall Street Analysts Forecast Growth

KLAC has been the topic of a number of analyst reports. Cantor Fitzgerald lifted their target price on shares of KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research note on Friday. Oppenheimer raised KLA from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $750.00 to $850.00 in a research note on Thursday, October 31st. Wells Fargo & Company lifted their target price on KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a research note on Friday. Barclays upped their price target on KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, Stifel Nicolaus raised their target price on shares of KLA from $800.00 to $825.00 and gave the company a “buy” rating in a research note on Friday. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $829.32.

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.