Intact Investment Management Inc. Has $1.32 Million Stake in KLA Co. (NASDAQ:KLAC)

Intact Investment Management Inc. boosted its stake in shares of KLA Co. (NASDAQ:KLAC) by 36.4% in the fourth quarter, Holdings Channel reports. The firm owned 2,100 shares of the semiconductor company’s stock after acquiring an additional 560 shares during the period. Intact Investment Management Inc.’s holdings in KLA were worth $1,323,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new position in KLA during the 3rd quarter worth $29,000. Tortoise Investment Management LLC boosted its stake in KLA by 300.0% during 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 during the period. Kohmann Bosshard Financial Services LLC bought a new position in KLA in the 4th quarter worth approximately $32,000. Groupama Asset Managment grew its stake in shares of 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 acquiring an additional 2,038 shares during the last quarter. Finally, Fairfield Financial Advisors LTD raised its stake in KLA by 160.0% during the 4th quarter. Fairfield Financial Advisors LTD now owns 65 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 40 shares during the last quarter. Institutional investors own 86.65% of the company’s stock.

KLA Trading Up 4.6 %

Shares of KLAC stock opened at $713.00 on Friday. The company has a market capitalization of $94.75 billion, a P/E ratio of 29.98, a P/E/G ratio of 1.57 and a beta of 1.30. KLA Co. has a 12-month low of $609.40 and a 12-month high of $896.32. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64. The firm has a 50-day moving average price of $726.81 and a 200 day moving average price of $707.13.

KLA (NASDAQ:KLAC) last posted its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, beating 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th were issued a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Monday, February 24th. KLA’s payout ratio is presently 28.60%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Susquehanna raised their price target on shares of KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Wells Fargo & Company boosted their price target on KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. The Goldman Sachs Group upped their price target on KLA from $759.00 to $864.00 and gave the company a “buy” rating in a report on Friday, January 31st. Cantor Fitzgerald boosted their price objective on KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Finally, Needham & Company LLC upped their target price on KLA from $800.00 to $830.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, KLA presently has a consensus rating of “Moderate Buy” and an average target price of $830.67.

KLA 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.