Hillsdale Investment Management Inc. Acquires Shares of 1,225 KLA Co. (NASDAQ:KLAC)

Hillsdale Investment Management Inc. bought a new position in KLA Co. (NASDAQ:KLAC) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,225 shares of the semiconductor company’s stock, valued at approximately $772,000.

Several other institutional investors have also made changes to their positions in KLAC. Legacy Investment Solutions LLC purchased a new position in KLA during the 3rd quarter worth approximately $29,000. Tortoise Investment Management LLC boosted its position in shares of KLA by 300.0% in the fourth quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company’s stock worth $30,000 after buying an additional 36 shares during the period. TCTC Holdings LLC acquired a new stake in shares of KLA in the fourth quarter worth $31,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of KLA during the fourth quarter valued at $32,000. Finally, Groupama Asset Managment raised its position in KLA by 82.3% during the third quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 2,038 shares during the period. 86.65% of the stock is owned by hedge funds and other institutional investors.

KLA Stock Down 1.4 %

KLA stock opened at $706.49 on Monday. The firm has a market cap of $93.88 billion, a price-to-earnings ratio of 29.71, a P/E/G ratio of 1.57 and a beta of 1.30. The firm has a fifty day moving average price of $729.52 and a two-hundred day moving average price of $703.24. KLA Co. has a fifty-two week low of $609.40 and a fifty-two week 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.

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 return on equity of 108.60% and a net margin of 29.58%. As a group, analysts forecast that KLA Co. will post 31.59 earnings per share for the current year.

KLA Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wells Fargo & Company lifted their target price on KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Barclays boosted their price objective on shares of KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. The Goldman Sachs Group increased their target price on shares of KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Susquehanna boosted their price target on shares of KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Finally, Morgan Stanley increased their price objective on KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a report on Monday, February 3rd. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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.