iA Global Asset Management Inc. Purchases 239 Shares of KLA Co. (NASDAQ:KLAC)

iA Global Asset Management Inc. grew its position in KLA Co. (NASDAQ:KLAC) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,417 shares of the semiconductor company’s stock after acquiring an additional 239 shares during the period. iA Global Asset Management Inc.’s holdings in KLA were worth $9,084,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Teacher Retirement System of Texas boosted its holdings in shares of KLA by 14.4% during the 4th quarter. Teacher Retirement System of Texas now owns 73,266 shares of the semiconductor company’s stock worth $46,166,000 after buying an additional 9,238 shares during the period. GS Investments Inc. boosted its holdings in shares of KLA by 4.0% during the 4th quarter. GS Investments Inc. now owns 11,450 shares of the semiconductor company’s stock worth $7,215,000 after buying an additional 440 shares during the period. Trivest Advisors Ltd bought a new stake in shares of KLA during the 4th quarter worth about $6,881,000. Harvest Fund Management Co. Ltd boosted its holdings in shares of KLA by 17.9% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 10,713 shares of the semiconductor company’s stock worth $6,750,000 after buying an additional 1,628 shares during the period. Finally, Vinva Investment Management Ltd boosted its holdings in shares of KLA by 23.0% during the 4th quarter. Vinva Investment Management Ltd now owns 11,377 shares of the semiconductor company’s stock worth $7,209,000 after buying an additional 2,125 shares during the period. Institutional investors own 86.65% of the company’s stock.

KLA Price Performance

Shares of NASDAQ:KLAC opened at $719.61 on Thursday. The company has a market cap of $95.63 billion, a price-to-earnings ratio of 30.26, a PEG ratio of 1.57 and a beta of 1.30. 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 firm has a 50 day simple moving average of $728.45 and a 200 day simple moving average of $704.50. KLA Co. has a one year low of $609.40 and a one year high of $896.32.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 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%. Research analysts predict that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Announces Dividend

The firm also recently declared 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 0.94%. The ex-dividend date of this dividend was Monday, February 24th. KLA’s dividend payout ratio (DPR) is currently 28.60%.

Analyst Ratings Changes

Several analysts recently commented on KLAC shares. Needham & Company LLC lifted their target price on shares of KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a report on Friday, January 31st. The Goldman Sachs Group lifted their target price on shares of KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a report on Friday, January 31st. UBS Group lifted their price objective on shares of KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Wells Fargo & Company lifted 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. Finally, Susquehanna lifted their price objective on shares of KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, KLA presently has a consensus rating of “Moderate Buy” and a consensus price target 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.