KBC Group NV trimmed its position in shares of KLA Co. (NASDAQ:KLAC – Free Report) by 5.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,514 shares of the semiconductor company’s stock after selling 1,844 shares during the period. KBC Group NV’s holdings in KLA were worth $21,117,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in KLAC. CVA Family Office LLC grew its holdings in KLA by 3.7% during the 3rd quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company’s stock worth $283,000 after acquiring an additional 13 shares in the last quarter. Marcum Wealth LLC grew its stake in KLA by 4.1% in the third quarter. Marcum Wealth LLC now owns 384 shares of the semiconductor company’s stock worth $297,000 after purchasing an additional 15 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in KLA by 1.1% in the third quarter. Harbor Capital Advisors Inc. now owns 1,433 shares of the semiconductor company’s stock worth $1,110,000 after purchasing an additional 16 shares in the last quarter. Ascent Wealth Partners LLC increased its holdings in KLA by 0.4% in the third quarter. Ascent Wealth Partners LLC now owns 4,466 shares of the semiconductor company’s stock valued at $3,459,000 after buying an additional 16 shares during the last quarter. Finally, Citizens Financial Group Inc. RI raised its stake in KLA by 2.8% during the third quarter. Citizens Financial Group Inc. RI now owns 582 shares of the semiconductor company’s stock valued at $451,000 after buying an additional 16 shares in the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.
KLA Stock Performance
Shares of KLAC opened at $702.92 on Wednesday. The firm has a market capitalization of $94.02 billion, a PE ratio of 32.10, a P/E/G ratio of 1.66 and a beta of 1.27. The company has a quick ratio of 1.48, a current ratio of 2.13 and a debt-to-equity ratio of 1.65. The firm has a 50-day moving average price of $668.09 and a 200 day moving average price of $719.63. KLA Co. has a 52-week low of $581.70 and a 52-week high of $896.32.
KLA Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th were paid a dividend of $1.70 per share. This is a positive change from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date was Monday, November 18th. KLA’s dividend payout ratio (DPR) is presently 31.05%.
Analysts Set New Price Targets
KLAC has been the subject of a number of research analyst reports. UBS Group boosted their price target on KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. Barclays lowered their target price on shares of KLA from $750.00 to $700.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. StockNews.com downgraded shares of KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Susquehanna boosted their price objective on shares of KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Finally, TD Cowen cut their target price on shares of KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, KLA currently has a consensus rating of “Moderate Buy” and an average price target of $812.47.
Check Out Our Latest Report on KLA
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.
Featured Stories
- Five stocks we like better than KLA
- Trading Stocks: RSI and Why it’s Useful
- Survey Reveals: Top 150 Best Coffee Shops for Remote Workers and Business Deals [2025]
- Consumer Discretionary Stocks Explained
- What Does the Future Hold for Eli Lilly?
- What is Put Option Volume?
- Oracle Stock Drops Nearly 14% – Is Now the Time to Buy?
Receive News & Ratings for KLA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLA and related companies with MarketBeat.com's FREE daily email newsletter.