KLA Co. (NASDAQ:KLAC) Shares Purchased by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. raised its stake in KLA Co. (NASDAQ:KLAC) by 3.9% in the fourth quarter, HoldingsChannel reports. The fund owned 7,503 shares of the semiconductor company’s stock after purchasing an additional 285 shares during the period. Penobscot Investment Management Company Inc.’s holdings in KLA were worth $4,728,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of KLAC. Murphy & Mullick Capital Management Corp purchased a new stake in shares of KLA during the 4th quarter worth about $183,000. Mitsubishi UFJ Trust & Banking Corp boosted its position in KLA by 37.9% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 140,927 shares of the semiconductor company’s stock worth $88,801,000 after purchasing an additional 38,713 shares in the last quarter. Florida Financial Advisors LLC grew its holdings in KLA by 16.3% in the fourth quarter. Florida Financial Advisors LLC now owns 665 shares of the semiconductor company’s stock valued at $419,000 after purchasing an additional 93 shares during the period. Ariadne Wealth Management LP increased its position in shares of KLA by 22.7% in the fourth quarter. Ariadne Wealth Management LP now owns 518 shares of the semiconductor company’s stock valued at $326,000 after buying an additional 96 shares in the last quarter. Finally, Modern Wealth Management LLC acquired a new position in shares of KLA during the 4th quarter worth approximately $206,000. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Stock Performance

NASDAQ:KLAC opened at $721.85 on Wednesday. The company’s 50-day moving average is $730.67 and its two-hundred day moving average is $703.37. The firm has a market capitalization of $95.92 billion, a price-to-earnings ratio of 30.36, 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. KLA Co. has a 1-year low of $609.40 and a 1-year high of $896.32.

KLA (NASDAQ:KLAC) last posted its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) 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%. Analysts forecast that KLA Co. will post 31.59 EPS for the current year.

KLA Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Morgan Stanley lifted their price target on shares of KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. StockNews.com downgraded shares of KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Needham & Company LLC lifted their price objective on KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Stifel Nicolaus raised their target price on KLA from $800.00 to $825.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Finally, Wells Fargo & Company boosted their price target on KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company 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.