10,920 Shares in KLA Co. (NASDAQ:KLAC) Acquired by Trivest Advisors Ltd

Trivest Advisors Ltd purchased a new position in KLA Co. (NASDAQ:KLAC) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 10,920 shares of the semiconductor company’s stock, valued at approximately $6,881,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Legacy Investment Solutions LLC acquired a new stake in shares of KLA in the 3rd quarter worth $29,000. Tortoise Investment Management LLC lifted its holdings in KLA by 300.0% in the fourth quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 36 shares during the period. TCTC Holdings LLC purchased a new position in KLA in the fourth quarter valued at $31,000. Kohmann Bosshard Financial Services LLC purchased a new position in KLA during the fourth quarter worth approximately $32,000. Finally, Fairfield Financial Advisors LTD grew its position 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 purchasing an additional 40 shares during the period. Institutional investors own 86.65% of the company’s stock.

KLA Stock Performance

Shares of KLAC stock opened at $710.00 on Wednesday. The stock’s 50-day moving average is $727.78 and its two-hundred day moving average is $704.39. KLA Co. has a fifty-two week low of $609.40 and a fifty-two week high of $896.32. The firm has a market cap of $94.35 billion, a P/E ratio of 29.86, a PEG ratio of 1.57 and a beta of 1.30. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63.

KLA (NASDAQ:KLAC) last announced its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, beating the consensus estimate of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. Analysts predict 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. 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 0.96%. The ex-dividend date of this dividend was Monday, February 24th. KLA’s payout ratio is presently 28.60%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Stifel Nicolaus increased their price objective on shares of KLA from $800.00 to $825.00 and gave the company a “buy” rating in a report on Friday, January 31st. Wells Fargo & Company upped their price target on KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. The Goldman Sachs Group upped their price target on KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a report on Friday, January 31st. UBS Group upped their price target on KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. Finally, StockNews.com cut KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus 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.