Rhumbline Advisers Has $158.18 Million Stock Position in KLA Co. (NASDAQ:KLAC)

Rhumbline Advisers trimmed its position in KLA Co. (NASDAQ:KLAC) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 251,033 shares of the semiconductor company’s stock after selling 5,596 shares during the quarter. Rhumbline Advisers owned about 0.19% of KLA worth $158,181,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on KLAC. Cantor Fitzgerald boosted their target price on shares of KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. The Goldman Sachs Group boosted their price target on shares of KLA from $759.00 to $864.00 and gave the company a “buy” rating in a report on Friday, January 31st. Morgan Stanley boosted their price target on shares of KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. Needham & Company LLC boosted their price target on shares of KLA from $800.00 to $830.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, Barclays boosted their price target on shares of KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $831.68.

KLA Stock Down 1.8 %

KLAC opened at $750.74 on Friday. The firm’s 50-day simple moving average is $695.06 and its 200-day simple moving average is $715.48. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36. KLA Co. has a twelve month low of $609.40 and a twelve month high of $896.32. The firm has a market cap of $99.77 billion, a price-to-earnings ratio of 31.57, a PEG ratio of 1.54 and a beta of 1.28.

KLA (NASDAQ:KLAC) last issued its quarterly 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 net margin of 29.58% and a return on equity of 108.60%. Equities research analysts anticipate that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Monday, February 24th will be given a dividend of $1.70 per share. The ex-dividend date is Monday, February 24th. This represents a $6.80 annualized dividend and a yield of 0.91%. KLA’s dividend payout ratio (DPR) is 28.60%.

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.