KLA Co. (NASDAQ:KLAC) Shares Purchased by Todd Asset Management LLC

Todd Asset Management LLC raised its stake in KLA Co. (NASDAQ:KLAC) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,517 shares of the semiconductor company’s stock after buying an additional 659 shares during the quarter. Todd Asset Management LLC’s holdings in KLA were worth $26,161,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Legacy Investment Solutions LLC purchased a new position in shares of KLA during the 3rd quarter worth approximately $29,000. Groupama Asset Managment boosted its position in shares of KLA by 82.3% during the third quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock worth $35,000 after buying an additional 2,038 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of KLA in the third quarter valued at $38,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in shares of KLA in the 4th quarter valued at $43,000. Finally, Ameliora Wealth Management Ltd. acquired a new position in KLA during the 4th quarter worth about $47,000. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on KLAC shares. TD Cowen dropped their target price on KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft upped their target price on shares of KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. StockNews.com cut shares of KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Wells Fargo & Company increased their price objective on KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, Oppenheimer raised KLA from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $750.00 to $850.00 in a research note on Thursday, October 31st. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, KLA has a consensus rating of “Moderate Buy” and a consensus target price of $831.68.

KLA Stock Performance

NASDAQ KLAC opened at $737.57 on Tuesday. The company has a fifty day moving average of $710.18 and a two-hundred day moving average of $715.85. The company has a market capitalization of $98.01 billion, a PE ratio of 31.02, a P/E/G ratio of 1.57 and a beta of 1.28. KLA Co. has a 1 year low of $609.40 and a 1 year high of $896.32. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63.

KLA (NASDAQ:KLAC) last announced its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. As a group, analysts expect that KLA Co. will post 31.59 earnings per share for the current year.

KLA Announces Dividend

The firm also recently announced 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 is Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.92%. 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.