1,300 Shares in KLA Co. (NASDAQ:KLAC) Purchased by United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in KLA Co. (NASDAQ:KLAC) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 1,300 shares of the semiconductor company’s stock, valued at approximately $819,000.

Several other hedge funds also recently bought and sold shares of the stock. Legacy Investment Solutions LLC acquired a new position in shares of KLA in the 3rd quarter worth approximately $29,000. Tortoise Investment Management LLC raised its holdings 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 buying an additional 36 shares during the period. TCTC Holdings LLC purchased a new position in KLA during the 4th quarter valued at about $31,000. Kohmann Bosshard Financial Services LLC purchased a new stake in KLA during the fourth quarter worth about $32,000. Finally, Groupama Asset Managment lifted 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 purchasing an additional 2,038 shares in the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Trading Down 0.8 %

KLAC opened at $721.85 on Wednesday. The firm has a market cap of $95.92 billion, a price-to-earnings ratio of 30.36, a price-to-earnings-growth ratio of 1.57 and a beta of 1.30. KLA Co. has a 52 week low of $609.40 and a 52 week high of $896.32. The business’s 50 day moving average is $730.67 and its two-hundred day moving average is $703.37. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64.

KLA (NASDAQ:KLAC) last announced its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, beating analysts’ consensus estimates 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 predict that KLA Co. will post 31.59 EPS for the current year.

KLA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Monday, February 24th were issued a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date was Monday, February 24th. KLA’s dividend payout ratio is currently 28.60%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Barclays lifted their price objective on shares of KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft increased their price objective on KLA from $725.00 to $850.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Needham & Company LLC upped their price target on KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Stifel Nicolaus lifted their price objective on KLA from $800.00 to $825.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Finally, Wells Fargo & Company upped their target price 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. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, KLA currently has an average 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.