Mission Wealth Management LP purchased a new position in shares of KLA Co. (NASDAQ:KLAC – Get Rating) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 483 shares of the semiconductor company’s stock, valued at approximately $208,000.
A number of other institutional investors have also recently added to or reduced their stakes in KLAC. The Manufacturers Life Insurance Company increased its stake in KLA by 13.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 843,258 shares of the semiconductor company’s stock valued at $282,079,000 after purchasing an additional 96,912 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of KLA by 9.7% in the 3rd quarter. Royal Bank of Canada now owns 338,054 shares of the semiconductor company’s stock worth $113,083,000 after buying an additional 29,888 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of KLA by 20.4% in the 4th quarter. Van ECK Associates Corp now owns 948,057 shares of the semiconductor company’s stock worth $407,769,000 after buying an additional 160,475 shares during the last quarter. Liontrust Investment Partners LLP purchased a new position in shares of KLA in the 3rd quarter worth about $2,676,000. Finally, Toroso Investments LLC boosted its holdings in shares of KLA by 41.3% in the 3rd quarter. Toroso Investments LLC now owns 3,224 shares of the semiconductor company’s stock worth $1,079,000 after buying an additional 943 shares during the last quarter. Hedge funds and other institutional investors own 87.13% of the company’s stock.
KLAC has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft cut their price target on shares of KLA from $475.00 to $425.00 and set a “buy” rating on the stock in a report on Wednesday, April 13th. Morgan Stanley cut their price target on shares of KLA from $400.00 to $375.00 and set an “equal weight” rating on the stock in a report on Monday, April 25th. KeyCorp lowered their price objective on KLA from $480.00 to $440.00 and set an “overweight” rating on the stock in a research note on Friday, March 18th. Barclays lowered their price objective on KLA from $400.00 to $365.00 and set an “equal weight” rating on the stock in a research note on Monday, April 25th. Finally, Piper Sandler lowered their price objective on KLA from $402.00 to $385.00 in a research note on Friday, April 29th. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $437.40.
KLA (NASDAQ:KLAC – Get Rating) last posted its quarterly earnings data on Thursday, April 28th. The semiconductor company reported $5.13 earnings per share for the quarter, topping the consensus estimate of $4.80 by $0.33. The company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.20 billion. KLA had a net margin of 36.41% and a return on equity of 78.72%. KLA’s revenue for the quarter was up 26.9% compared to the same quarter last year. During the same period in the prior year, the business earned $3.85 earnings per share. As a group, sell-side analysts forecast that KLA Co. will post 20.91 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Investors of record on Monday, May 16th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Friday, May 13th. KLA’s dividend payout ratio (DPR) is 20.39%.
In related news, CFO Bren D. Higgins sold 1,418 shares of the company’s stock in a transaction that occurred on Tuesday, February 22nd. The shares were sold at an average price of $355.06, for a total value of $503,475.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.16% of the stock is currently owned by corporate insiders.
About KLA (Get Rating)
KLA Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the semiconductor fabrication process.
- Get a free copy of the StockNews.com research report on KLA (KLAC)
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