KLA Co. (NASDAQ:KLAC) Shares Bought by Caprock Group LLC

Caprock Group LLC boosted its holdings in KLA Co. (NASDAQ:KLAC) by 2.0% in the fourth quarter, HoldingsChannel reports. The firm owned 5,465 shares of the semiconductor company’s stock after purchasing an additional 105 shares during the period. Caprock Group LLC’s holdings in KLA were worth $3,444,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KLAC. Mizuho Securities USA LLC raised its position in shares of KLA by 32,828.8% in the 3rd quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock valued at $2,647,708,000 after purchasing an additional 3,408,617 shares in the last quarter. International Assets Investment Management LLC boosted its stake in KLA by 76,452.4% during the 3rd quarter. International Assets Investment Management LLC now owns 302,382 shares of the semiconductor company’s stock valued at $234,168,000 after acquiring an additional 301,987 shares during the last quarter. Van ECK Associates Corp grew its holdings in KLA by 25.7% during the 3rd quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock worth $1,083,684,000 after acquiring an additional 286,015 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of KLA by 6,188.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 239,404 shares of the semiconductor company’s stock worth $185,397,000 after purchasing an additional 235,597 shares during the last quarter. Finally, Two Sigma Advisers LP raised its stake in shares of KLA by 10,766.7% in the 3rd quarter. Two Sigma Advisers LP now owns 228,200 shares of the semiconductor company’s stock valued at $176,720,000 after purchasing an additional 226,100 shares in the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Analyst Upgrades and Downgrades

KLAC has been the topic of several research analyst reports. Cantor Fitzgerald increased their price target on shares of KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a research report on Friday. Wells Fargo & Company boosted their price target on KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a report on Friday. UBS Group raised their price objective on KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Oppenheimer upgraded shares of KLA from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $750.00 to $850.00 in a research note on Thursday, October 31st. Finally, Needham & Company LLC raised their price target on shares of KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a research report on Friday. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $829.32.

KLA Stock Down 0.6 %

Shares of KLA stock opened at $738.24 on Friday. KLA Co. has a 1-year low of $581.70 and a 1-year high of $896.32. The company has a market capitalization of $98.75 billion, a P/E ratio of 33.71, a PEG ratio of 1.54 and a beta of 1.27. The business’s fifty day moving average price is $673.99 and its two-hundred day moving average price is $718.67. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.13 and a quick ratio of 1.48.

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 the consensus estimate of $7.73 by $0.47. KLA had a net margin of 28.92% and a return on equity of 105.16%. As a group, research analysts forecast that KLA Co. will post 30.34 EPS for the current year.

KLA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were paid a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Monday, November 18th. This is a positive change from KLA’s previous quarterly dividend of $1.45. KLA’s dividend payout ratio (DPR) is currently 31.05%.

About KLA

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.