OVERSEA CHINESE BANKING Corp Ltd Raises Stock Position in KLA Co. (NASDAQ:KLAC)

OVERSEA CHINESE BANKING Corp Ltd lifted its stake in shares of KLA Co. (NASDAQ:KLAC) by 23.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,173 shares of the semiconductor company’s stock after buying an additional 2,088 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in KLA were worth $7,040,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. State Street Corp lifted its position in shares of KLA by 2.5% during the 3rd quarter. State Street Corp now owns 5,979,293 shares of the semiconductor company’s stock worth $4,630,424,000 after buying an additional 145,317 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of KLA by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 3,221,694 shares of the semiconductor company’s stock worth $2,487,971,000 after buying an additional 93,743 shares during the last quarter. Amundi lifted its position in shares of KLA by 9.4% during the 4th quarter. Amundi now owns 1,394,260 shares of the semiconductor company’s stock worth $953,774,000 after buying an additional 119,845 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of KLA by 5.9% during the 4th quarter. Bank of New York Mellon Corp now owns 1,153,043 shares of the semiconductor company’s stock worth $726,555,000 after buying an additional 64,238 shares during the last quarter. Finally, Alkeon Capital Management LLC raised its position in KLA by 5.5% in the 3rd quarter. Alkeon Capital Management LLC now owns 945,835 shares of the semiconductor company’s stock valued at $732,464,000 after purchasing an additional 49,470 shares during the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Trading Down 1.2 %

NASDAQ KLAC opened at $710.00 on Wednesday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36. KLA Co. has a one year low of $609.40 and a one year high of $896.32. The company’s 50 day moving average price is $727.78 and its 200 day moving average price is $704.39. The firm has a market capitalization of $94.35 billion, a price-to-earnings ratio of 29.86, a PEG ratio of 1.57 and a beta of 1.30.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data 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 net margin of 29.58% and a return on equity of 108.60%. On average, sell-side analysts predict that KLA Co. will post 31.59 EPS for the current year.

KLA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were given a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 0.96%. The ex-dividend date was Monday, February 24th. KLA’s dividend payout ratio (DPR) is 28.60%.

Analyst Ratings Changes

KLAC has been the subject of several research reports. UBS Group upped their price target on shares of KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. Susquehanna upped their price target on shares of KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. StockNews.com downgraded shares of KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Wells Fargo & Company upped their price target on shares of KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, Morgan Stanley upped their price target on shares of KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a research report on Monday, February 3rd. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $830.67.

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.