GLOBALT Investments LLC GA Acquires 44 Shares of KLA Co. (NASDAQ:KLAC)

GLOBALT Investments LLC GA lifted its holdings in KLA Co. (NASDAQ:KLAC) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,508 shares of the semiconductor company’s stock after acquiring an additional 44 shares during the period. GLOBALT Investments LLC GA’s holdings in KLA were worth $2,210,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Legacy Investment Solutions LLC bought a new position in KLA during the third quarter valued at approximately $29,000. Tortoise Investment Management LLC lifted its stake 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 purchasing an additional 36 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in shares of KLA in the 4th quarter valued at approximately $32,000. Groupama Asset Managment lifted its stake in shares of KLA by 82.3% in the 3rd quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 2,038 shares during the last quarter. Finally, Fairfield Financial Advisors LTD raised its holdings in shares of KLA by 160.0% in the fourth quarter. Fairfield Financial Advisors LTD now owns 65 shares of the semiconductor company’s stock worth $41,000 after buying an additional 40 shares during the period. Institutional investors own 86.65% of the company’s stock.

KLA Stock Up 4.6 %

KLA stock opened at $713.00 on Monday. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63. The stock has a market capitalization of $94.75 billion, a price-to-earnings ratio of 29.98, a PEG ratio of 1.57 and a beta of 1.30. KLA Co. has a 1-year low of $609.40 and a 1-year high of $896.32. The business has a fifty day moving average price of $726.81 and a 200-day moving average price of $705.71.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, topping 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%. Equities research analysts forecast that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were given a dividend of $1.70 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a yield of 0.95%. KLA’s dividend payout ratio is currently 28.60%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Needham & Company LLC increased 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 increased their price target on KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Cantor Fitzgerald raised their price objective on KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. StockNews.com downgraded KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, UBS Group raised their price objective on KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $830.67.

KLA 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.