KLA Co. (NASDAQ:KLAC) Holdings Lifted by GS Investments Inc.

GS Investments Inc. grew its holdings in KLA Co. (NASDAQ:KLAC) by 4.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 11,450 shares of the semiconductor company’s stock after acquiring an additional 440 shares during the period. KLA accounts for approximately 3.3% of GS Investments Inc.’s investment portfolio, making the stock its 5th biggest holding. GS Investments Inc.’s holdings in KLA were worth $7,215,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Swedbank AB boosted its position in shares of 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 purchasing an additional 2,019 shares in the last quarter. United Bank purchased a new position in KLA during the third quarter valued at $339,000. AMG National Trust Bank boosted its holdings in shares of KLA by 142.4% during the 3rd quarter. AMG National Trust Bank now owns 686 shares of the semiconductor company’s stock valued at $532,000 after buying an additional 403 shares in the last quarter. Quest Partners LLC grew its position in shares of KLA by 39.8% in the 3rd quarter. Quest Partners LLC now owns 1,293 shares of the semiconductor company’s stock worth $1,001,000 after buying an additional 368 shares during the period. Finally, Pathstone Holdings LLC increased its stake in shares of KLA by 2.1% in the 3rd quarter. Pathstone Holdings LLC now owns 17,764 shares of the semiconductor company’s stock worth $13,756,000 after acquiring an additional 367 shares in the last quarter. 86.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

KLAC has been the subject of several recent research reports. Morgan Stanley lifted their target price on shares of KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. Cantor Fitzgerald lifted their price objective on KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. 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. The Goldman Sachs Group raised 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. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of KLA from $725.00 to $850.00 and gave the stock 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 given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $830.67.

KLA Stock Performance

KLAC opened at $719.61 on Thursday. The company’s 50 day moving average is $728.45 and its 200 day moving average is $704.50. 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 company has a market cap of $95.63 billion, a price-to-earnings ratio of 30.26, a PEG 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.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share 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 predict that KLA Co. will post 31.59 EPS for the current year.

KLA Announces Dividend

The business also recently declared 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 0.94%. The ex-dividend date was Monday, February 24th. KLA’s payout ratio is 28.60%.

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.