KLA Co. (NASDAQ:KLAC) Shares Acquired by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI increased its holdings in shares of KLA Co. (NASDAQ:KLAC) by 47.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 860 shares of the semiconductor company’s stock after purchasing an additional 278 shares during the period. Citizens Financial Group Inc. RI’s holdings in KLA were worth $542,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of KLAC. Legacy Investment Solutions LLC acquired a new position in shares of KLA in the third quarter valued at approximately $29,000. Tortoise Investment Management LLC increased its stake in KLA by 300.0% in the 4th quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 36 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new position in KLA during the 4th quarter worth $32,000. Fairfield Financial Advisors LTD boosted its holdings in shares of KLA by 160.0% in the fourth quarter. Fairfield Financial Advisors LTD now owns 65 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 40 shares in the last quarter. Finally, FSA Wealth Management LLC acquired a new position in shares of KLA during the third quarter worth about $53,000. 86.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on KLAC. Wells Fargo & Company raised their price objective on shares of KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Cantor Fitzgerald lifted their price target on KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Stifel Nicolaus increased their price objective on KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Susquehanna boosted their target price 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. Finally, Needham & Company LLC increased their price target on shares of KLA from $800.00 to $830.00 and gave the company a “buy” rating in a report on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $831.68.

KLA Trading Up 0.2 %

KLA stock opened at $681.50 on Friday. The stock has a market cap of $90.56 billion, a PE ratio of 28.66, a P/E/G ratio of 1.57 and a beta of 1.30. 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 stock has a 50-day moving average price of $725.69 and a 200 day moving average price of $707.73. KLA Co. has a 52 week low of $609.40 and a 52 week high of $896.32.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share 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%. Equities research analysts predict that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Announces Dividend

The firm also recently disclosed 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 1.00%. The ex-dividend date of this dividend was Monday, February 24th. KLA’s dividend payout ratio (DPR) 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.