KLA Co. (NASDAQ:KLAC) Shares Bought by Todd Asset Management LLC

Todd Asset Management LLC grew its stake in KLA Co. (NASDAQ:KLAC) by 1.6% during the fourth quarter, HoldingsChannel reports. The firm owned 41,517 shares of the semiconductor company’s stock after purchasing an additional 659 shares during the quarter. Todd Asset Management LLC’s holdings in KLA were worth $26,161,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Swedbank AB increased its stake in KLA by 0.4% in the 3rd quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock valued at $426,660,000 after buying an additional 2,019 shares during the period. Diversify Advisory Services LLC increased its stake in shares of KLA by 22.7% during the fourth quarter. Diversify Advisory Services LLC now owns 648 shares of the semiconductor company’s stock worth $443,000 after acquiring an additional 120 shares during the period. ING Groep NV raised its holdings in KLA by 52.4% during the third quarter. ING Groep NV now owns 79,763 shares of the semiconductor company’s stock worth $61,769,000 after purchasing an additional 27,436 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in KLA by 14.1% in the third quarter. Daiwa Securities Group Inc. now owns 33,215 shares of the semiconductor company’s stock valued at $25,722,000 after purchasing an additional 4,112 shares during the period. Finally, Greenwich Wealth Management LLC lifted its position in KLA by 260.7% in the third quarter. Greenwich Wealth Management LLC now owns 1,378 shares of the semiconductor company’s stock valued at $1,067,000 after purchasing an additional 996 shares during the period. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Trading Down 2.2 %

Shares of KLAC stock opened at $737.57 on Tuesday. The company has a market capitalization of $98.01 billion, a price-to-earnings ratio of 31.02, a PEG ratio of 1.57 and a beta of 1.28. KLA Co. has a twelve month low of $609.40 and a twelve month high of $896.32. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. The firm has a 50-day moving average price of $710.18 and a 200 day moving average price of $715.85.

KLA (NASDAQ:KLAC) last announced its 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 net margin of 29.58% and a return on equity of 108.60%. Research analysts forecast that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Dividend Announcement

The firm also recently announced 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 of this dividend is Monday, February 24th. This represents a $6.80 annualized dividend and a yield of 0.92%. KLA’s dividend payout ratio (DPR) is presently 28.60%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KLAC. Susquehanna increased their target price on KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Stifel Nicolaus increased their price objective on KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. TD Cowen decreased their target price on shares of KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. Barclays upped their price target on shares of KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Finally, Needham & Company LLC raised their price objective on shares of KLA from $800.00 to $830.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $831.68.

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.