Counterpoint Mutual Funds LLC Acquires 368 Shares of KLA Co. (NASDAQ:KLAC)

Counterpoint Mutual Funds LLC raised its holdings in shares of KLA Co. (NASDAQ:KLAC) by 126.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 659 shares of the semiconductor company’s stock after acquiring an additional 368 shares during the quarter. Counterpoint Mutual Funds LLC’s holdings in KLA were worth $415,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in KLAC. State Street Corp boosted its holdings in shares of KLA by 2.5% in the 3rd quarter. State Street Corp now owns 5,979,293 shares of the semiconductor company’s stock valued at $4,630,424,000 after buying an additional 145,317 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of KLA by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,221,694 shares of the semiconductor company’s stock valued at $2,487,971,000 after buying an additional 93,743 shares during the last quarter. Amundi boosted its holdings in shares of KLA by 9.4% in the 4th quarter. Amundi now owns 1,394,260 shares of the semiconductor company’s stock valued at $953,774,000 after buying an additional 119,845 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of KLA by 5.9% in the 4th quarter. Bank of New York Mellon Corp now owns 1,153,043 shares of the semiconductor company’s stock valued at $726,555,000 after buying an additional 64,238 shares during the last quarter. Finally, Alkeon Capital Management LLC boosted its holdings in shares of KLA by 5.5% in the 3rd quarter. Alkeon Capital Management LLC now owns 945,835 shares of the semiconductor company’s stock valued at $732,464,000 after buying an additional 49,470 shares during the last quarter. 86.65% of the stock is owned by institutional investors.

KLA Stock Up 0.7 %

Shares of NASDAQ KLAC opened at $718.29 on Tuesday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36. KLA Co. has a 52 week low of $609.40 and a 52 week high of $896.32. The stock has a market capitalization of $95.45 billion, a P/E ratio of 30.21, a PEG ratio of 1.57 and a beta of 1.30. The stock’s fifty day moving average is $727.37 and its 200 day moving average is $705.16.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, topping analysts’ consensus estimates of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. Sell-side analysts forecast that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Dividend Announcement

The firm also recently announced 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 0.95%. The ex-dividend date was Monday, February 24th. KLA’s dividend payout ratio is presently 28.60%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on KLAC shares. The Goldman Sachs Group increased their price objective on KLA from $759.00 to $864.00 and gave the company a “buy” rating in a report on Friday, January 31st. Cantor Fitzgerald raised their price target on KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft raised their price target on KLA from $725.00 to $850.00 and gave the company a “buy” rating in a report on Friday, January 31st. Needham & Company LLC raised their price target on KLA from $800.00 to $830.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, StockNews.com downgraded KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, KLA currently has an average rating of “Moderate Buy” and a consensus target price of $830.67.

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.