United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Purchases New Holdings in KLA Co. (NASDAQ:KLAC)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in shares of KLA Co. (NASDAQ:KLAC) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,300 shares of the semiconductor company’s stock, valued at approximately $819,000.

A number of other large investors also recently bought and sold shares of the business. Legacy Investment Solutions LLC bought a new position in shares of KLA in the third quarter worth about $29,000. Tortoise Investment Management LLC increased its position in shares of KLA by 300.0% during the fourth quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 36 shares during the period. TCTC Holdings LLC bought a new stake in shares of KLA during the fourth quarter valued at approximately $31,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of KLA in the fourth quarter valued at approximately $32,000. Finally, Groupama Asset Managment grew its stake in KLA by 82.3% in the third quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 2,038 shares in the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Trading Down 0.8 %

Shares of KLAC opened at $721.85 on Wednesday. KLA Co. has a 52-week low of $609.40 and a 52-week high of $896.32. The stock has a market cap of $95.92 billion, a PE ratio of 30.36, a price-to-earnings-growth ratio of 1.57 and a beta of 1.30. The firm’s fifty day moving average is $730.67 and its two-hundred day moving average is $703.37. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, beating 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%. Research analysts forecast that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Monday, February 24th were given a dividend of $1.70 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a yield of 0.94%. KLA’s payout ratio is 28.60%.

Analyst Ratings Changes

Several brokerages have weighed in on KLAC. Barclays upped their target price on KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Cantor Fitzgerald raised their target price 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. StockNews.com cut shares of KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. UBS Group increased their price objective on shares of KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. Finally, Wells Fargo & Company boosted their price objective on shares of KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, KLA currently has an average rating of “Moderate Buy” and an average price target of $830.67.

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.