KLA Co. (NASDAQ:KLAC) Shares Sold by Amica Mutual Insurance Co.

Amica Mutual Insurance Co. lessened its holdings in shares of KLA Co. (NASDAQ:KLAC) by 8.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,656 shares of the semiconductor company’s stock after selling 824 shares during the period. Amica Mutual Insurance Co.’s holdings in KLA were worth $5,454,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. UniSuper Management Pty Ltd increased its holdings in KLA by 6.1% in the fourth quarter. UniSuper Management Pty Ltd now owns 25,683 shares of the semiconductor company’s stock valued at $16,183,000 after buying an additional 1,475 shares in the last quarter. Sava Infond d.o.o. purchased a new position in KLA in the 4th quarter valued at approximately $624,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in KLA by 9.6% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 232,352 shares of the semiconductor company’s stock worth $152,658,000 after purchasing an additional 20,351 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in KLA during the fourth quarter worth $819,000. Finally, Penobscot Investment Management Company Inc. boosted its position in KLA by 3.9% during the fourth quarter. Penobscot Investment Management Company Inc. now owns 7,503 shares of the semiconductor company’s stock worth $4,728,000 after purchasing an additional 285 shares in the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Analyst Ratings Changes

KLAC has been the subject of several research reports. Morgan Stanley lifted their price target on KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a research note on Monday, February 3rd. StockNews.com cut shares of KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Cantor Fitzgerald increased their price target 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. The Goldman Sachs Group lifted 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, Susquehanna increased their target price on KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, KLA presently has an average rating of “Moderate Buy” and an average price target of $830.67.

KLA Trading Down 2.3 %

NASDAQ KLAC opened at $705.54 on Thursday. The company has a market cap of $93.76 billion, a P/E ratio of 29.67, 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 debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63. The company has a 50-day moving average of $730.46 and a 200-day moving average of $703.39.

KLA (NASDAQ:KLAC) last issued its quarterly 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 analysts predict that KLA Co. will post 31.59 earnings per share for the current year.

KLA Announces Dividend

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

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.