KLA Co. (NASDAQ:KLAC) Shares Acquired by NEOS Investment Management LLC

NEOS Investment Management LLC increased its position in shares of KLA Co. (NASDAQ:KLAC) by 21.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,563 shares of the semiconductor company’s stock after acquiring an additional 2,730 shares during the period. NEOS Investment Management LLC’s holdings in KLA were worth $9,807,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KLAC. Hutchens & Kramer Investment Management Group LLC raised its holdings in KLA by 3.3% in the 4th quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company’s stock worth $259,000 after acquiring an additional 13 shares during the period. Richardson Financial Services Inc. increased its stake in shares of KLA by 5.9% in the fourth quarter. Richardson Financial Services Inc. now owns 253 shares of the semiconductor company’s stock worth $160,000 after purchasing an additional 14 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of KLA by 6.5% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 246 shares of the semiconductor company’s stock worth $155,000 after purchasing an additional 15 shares during the period. Catalyst Financial Partners LLC lifted its position in shares of KLA by 2.0% during the 4th quarter. Catalyst Financial Partners LLC now owns 755 shares of the semiconductor company’s stock worth $476,000 after purchasing an additional 15 shares during the last quarter. Finally, Leavell Investment Management Inc. boosted its stake in KLA by 3.1% during the 4th quarter. Leavell Investment Management Inc. now owns 537 shares of the semiconductor company’s stock valued at $338,000 after purchasing an additional 16 shares during the period. 86.65% of the stock is currently owned by institutional investors.

KLA Stock Down 2.3 %

Shares of KLA stock opened at $705.54 on Thursday. KLA Co. has a 1 year low of $609.40 and a 1 year 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. The company has a market capitalization of $93.76 billion, a P/E ratio of 29.67, a price-to-earnings-growth ratio of 1.57 and a beta of 1.30. The business has a 50-day moving average of $730.46 and a two-hundred day moving average of $703.39.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts predict that KLA Co. will post 31.59 EPS for the current year.

KLA Dividend Announcement

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

Analyst Ratings Changes

KLAC has been the topic of several research analyst reports. Stifel Nicolaus raised their price objective on shares of KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. UBS Group boosted their price objective on shares of KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Wells Fargo & Company increased their target price on shares of KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. StockNews.com lowered KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, KLA has a consensus 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.