1,251 Shares in KLA Co. (NASDAQ:KLAC) Bought by OFI Invest Asset Management

OFI Invest Asset Management acquired a new position in shares of KLA Co. (NASDAQ:KLAC) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 1,251 shares of the semiconductor company’s stock, valued at approximately $761,000.

Several other institutional investors also recently bought and sold shares of KLAC. Swedbank AB raised its holdings in KLA by 0.4% during the third 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 in the last quarter. M&G PLC bought a new position in shares of KLA in the third quarter worth about $820,000. Capital Performance Advisors LLP bought a new position in shares of KLA in the third quarter worth about $38,000. Equitable Trust Co. increased its stake in shares of KLA by 9.3% in the third quarter. Equitable Trust Co. now owns 1,119 shares of the semiconductor company’s stock worth $867,000 after purchasing an additional 95 shares during the period. Finally, CWA Asset Management Group LLC bought a new position in shares of KLA in the third quarter worth about $2,242,000. 86.65% of the stock is currently owned by institutional investors.

KLA Trading Up 2.8 %

NASDAQ:KLAC opened at $711.29 on Monday. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63. The firm has a 50-day moving average of $722.21 and a 200-day moving average of $710.04. The company has a market cap of $94.52 billion, a PE ratio of 29.91, a PEG ratio of 1.57 and a beta of 1.30. KLA Co. has a one year low of $609.40 and a one year high of $896.32.

KLA (NASDAQ:KLAC) last posted its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 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%. As a group, equities research analysts expect that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Announces Dividend

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

Analysts Set New Price Targets

KLAC has been the topic of a number of recent analyst reports. Cantor Fitzgerald lifted their price objective on KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. StockNews.com lowered KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft lifted their price objective on KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Needham & Company LLC lifted their price objective on KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Finally, Susquehanna lifted 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 thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.