Haverford Trust Co Has $1.37 Million Stake in KLA Co. (NASDAQ:KLAC)

Haverford Trust Co lifted its stake in shares of KLA Co. (NASDAQ:KLAC) by 2.9% during the 4th quarter, HoldingsChannel reports. The firm owned 2,172 shares of the semiconductor company’s stock after acquiring an additional 61 shares during the period. Haverford Trust Co’s holdings in KLA were worth $1,369,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in KLAC. Legacy Investment Solutions LLC acquired a new stake in shares of KLA during the 3rd quarter valued at $29,000. Tortoise Investment Management LLC boosted its stake in shares of KLA by 300.0% during the fourth 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 bought a new stake in shares of KLA during the fourth quarter worth about $31,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of KLA in the fourth quarter valued at approximately $32,000. Finally, Groupama Asset Managment raised its holdings in KLA by 82.3% in the 3rd quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 2,038 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors and hedge funds.

KLA Price Performance

Shares of NASDAQ:KLAC opened at $727.73 on Tuesday. KLA Co. has a fifty-two week low of $609.40 and a fifty-two week high of $896.32. The company’s 50-day moving average is $730.26 and its 200 day moving average is $703.24. 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 $96.71 billion, a P/E ratio of 30.60, a price-to-earnings-growth ratio of 1.57 and a beta of 1.30.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts forecast that KLA Co. will post 31.59 earnings per share for the current year.

KLA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Monday, February 24th were paid a $1.70 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a yield of 0.93%. KLA’s dividend payout ratio is 28.60%.

Analysts Set New Price Targets

Several brokerages have issued reports on KLAC. Needham & Company LLC upped their price target on shares of KLA from $800.00 to $830.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Wells Fargo & Company raised their target price on KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Barclays upped their price target on KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. The Goldman Sachs Group raised their price objective on KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Finally, Cantor Fitzgerald increased their target price on shares of KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average 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.