Torray Investment Partners LLC Purchases 170 Shares of KLA Co. (NASDAQ:KLAC)

Torray Investment Partners LLC increased its position in shares of KLA Co. (NASDAQ:KLAC) by 2.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,938 shares of the semiconductor company’s stock after buying an additional 170 shares during the period. Torray Investment Partners LLC’s holdings in KLA were worth $5,002,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new stake in KLA during the 3rd quarter worth about $29,000. Kohmann Bosshard Financial Services LLC acquired a new stake in KLA during the fourth quarter worth approximately $32,000. Groupama Asset Managment increased its holdings in KLA by 82.3% in the third quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 2,038 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in KLA in the third quarter worth approximately $38,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of KLA during the 4th quarter worth approximately $43,000. Institutional investors own 86.65% of the company’s stock.

KLA Stock Performance

Shares of KLA stock opened at $691.15 on Tuesday. The business’s fifty day simple moving average is $717.73 and its 200 day simple moving average is $713.28. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. KLA Co. has a 12 month low of $609.40 and a 12 month high of $896.32. The firm has a market capitalization of $91.84 billion, a P/E ratio of 29.06, a price-to-earnings-growth ratio of 1.57 and a beta of 1.28.

KLA (NASDAQ:KLAC) last released its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, topping analysts’ consensus estimates of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. As a group, analysts anticipate that KLA Co. will post 31.59 EPS for the current year.

KLA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th will be paid a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Monday, February 24th. KLA’s payout ratio is 28.60%.

Analyst Ratings Changes

KLAC has been the subject of several research analyst reports. Stifel Nicolaus lifted their price objective on shares of KLA from $800.00 to $825.00 and gave the company a “buy” rating in a research note on Friday, January 31st. StockNews.com lowered KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Cantor Fitzgerald lifted their price target on shares of KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Needham & Company LLC upped their price objective on shares of KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, UBS Group raised their price objective on shares of KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, KLA has an average rating of “Moderate Buy” and an average target price of $831.68.

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.