KLA Co. (NASDAQ:KLAC) Shares Sold by Amica Mutual Insurance Co.

Amica Mutual Insurance Co. decreased its position in shares of KLA Co. (NASDAQ:KLAC) by 8.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,656 shares of the semiconductor company’s stock after selling 824 shares during the period. Amica Mutual Insurance Co.’s holdings in KLA were worth $5,454,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of KLAC. Legacy Investment Solutions LLC purchased a new stake in shares of KLA during the third quarter worth $29,000. Tortoise Investment Management LLC raised its position in KLA by 300.0% in the 4th quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 36 shares in the last quarter. TCTC Holdings LLC purchased a new position in shares of KLA in the 4th quarter valued at about $31,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of KLA during the fourth quarter worth about $32,000. Finally, Groupama Asset Managment increased its stake in shares of KLA by 82.3% during the third quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock worth $35,000 after buying an additional 2,038 shares during the period. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

KLA Trading Down 2.3 %

Shares of KLA stock opened at $705.54 on Thursday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36. The company has a market capitalization of $93.76 billion, a P/E ratio of 29.67, a PEG ratio of 1.57 and a beta of 1.30. KLA Co. has a 1 year low of $609.40 and a 1 year high of $896.32. The company’s fifty day moving average is $730.46 and its two-hundred day moving average is $703.39.

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

KLA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th were issued a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Monday, February 24th. KLA’s payout ratio is currently 28.60%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group lifted their price target on shares of KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Morgan Stanley raised their price target on KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. Barclays upped their price objective on KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Finally, Susquehanna raised their target price on KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, KLA currently has a consensus rating of “Moderate Buy” and an average target price of $830.67.

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.