Cumberland Partners Ltd Boosts Stake in KLA Co. (NASDAQ:KLAC)

Cumberland Partners Ltd lifted its holdings in KLA Co. (NASDAQ:KLAC) by 18.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,300 shares of the semiconductor company’s stock after purchasing an additional 200 shares during the quarter. Cumberland Partners Ltd’s holdings in KLA were worth $819,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Hutchens & Kramer Investment Management Group LLC lifted its stake in KLA by 3.3% during the 4th quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company’s stock valued at $259,000 after acquiring an additional 13 shares during the period. Richardson Financial Services Inc. boosted its holdings in KLA by 5.9% in the fourth quarter. Richardson Financial Services Inc. now owns 253 shares of the semiconductor company’s stock worth $160,000 after purchasing an additional 14 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its position in KLA by 6.5% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 246 shares of the semiconductor company’s stock worth $155,000 after purchasing an additional 15 shares during the period. Catalyst Financial Partners LLC raised its stake in KLA by 2.0% during the 4th quarter. Catalyst Financial Partners LLC now owns 755 shares of the semiconductor company’s stock valued at $476,000 after buying an additional 15 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in shares of KLA by 1.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,433 shares of the semiconductor company’s stock worth $1,110,000 after buying an additional 16 shares during the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on KLAC. The Goldman Sachs Group upped their price objective on KLA from $759.00 to $864.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Oppenheimer raised shares of KLA from a “market perform” rating to an “outperform” rating and upped their price target for the company from $750.00 to $850.00 in a research report on Thursday, October 31st. Wells Fargo & Company increased their price objective on shares of KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Barclays boosted their target price on shares of KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Finally, StockNews.com lowered shares of KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $831.68.

KLA Stock Performance

NASDAQ KLAC opened at $777.63 on Friday. The firm has a market cap of $103.34 billion, a price-to-earnings ratio of 32.70, a price-to-earnings-growth ratio of 1.54 and a beta of 1.28. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64. The business has a 50-day moving average price of $703.92 and a 200-day moving average price of $715.04. KLA Co. has a twelve month low of $609.40 and a twelve month high of $896.32.

KLA (NASDAQ:KLAC) last posted its quarterly earnings results 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 return on equity of 108.60% and a net margin of 29.58%. As a group, equities research analysts predict that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Monday, February 24th will be given a dividend of $1.70 per share. The ex-dividend date is Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.87%. KLA’s dividend 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.