KLA Co. (NASDAQ:KLAC) Shares Bought by Whittier Trust Co.

Whittier Trust Co. increased its position in shares of KLA Co. (NASDAQ:KLAC) by 11.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,025 shares of the semiconductor company’s stock after buying an additional 216 shares during the quarter. Whittier Trust Co.’s holdings in KLA were worth $1,276,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new stake in shares of KLA in the 3rd quarter worth $29,000. Tortoise Investment Management LLC grew its holdings in KLA by 300.0% during the fourth quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 36 shares during the period. TCTC Holdings LLC acquired a new stake in KLA in the 4th quarter valued at about $31,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of KLA during the 4th quarter valued at about $32,000. Finally, Groupama Asset Managment grew its stake in shares of KLA by 82.3% in the 3rd 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 during the last quarter. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KLAC has been the subject of several recent research reports. Stifel Nicolaus increased their target price 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. Cantor Fitzgerald lifted their target price on KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft upped their target price on KLA from $725.00 to $850.00 and gave the company a “buy” rating in a report on Friday, January 31st. Morgan Stanley lifted their price target on KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a research note on Monday, February 3rd. Finally, Barclays lifted their target price on shares of KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $830.67.

KLA Stock Performance

Shares of KLAC stock opened at $706.49 on Friday. The firm has a market cap of $93.88 billion, a P/E ratio of 29.71, 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 fifty-two week low of $609.40 and a fifty-two week high of $896.32. The stock’s 50-day moving average is $729.52 and its two-hundred day moving average is $703.79.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, beating 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%. Analysts predict that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were given a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a yield of 0.96%. The ex-dividend date was Monday, February 24th. KLA’s payout ratio 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.