E. Ohman J or Asset Management AB Has $4.39 Million Stock Holdings in KLA Co. (NASDAQ:KLAC)

E. Ohman J or Asset Management AB decreased its position in KLA Co. (NASDAQ:KLAC) by 88.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,969 shares of the semiconductor company’s stock after selling 52,960 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in KLA were worth $4,391,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of KLAC. Legacy Investment Solutions LLC acquired a new stake in shares of KLA in the third quarter worth about $29,000. Groupama Asset Managment boosted 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 worth $35,000 after purchasing an additional 2,038 shares during the period. Capital Performance Advisors LLP acquired a new position in KLA during the third quarter valued at approximately $38,000. FSA Wealth Management LLC acquired a new stake in shares of KLA in the third quarter worth $53,000. Finally, Peterson Financial Group Inc. bought a new stake in shares of KLA during the 3rd quarter worth $56,000. Institutional investors and hedge funds own 86.65% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Susquehanna lifted their target price on shares of KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. TD Cowen cut their target price on shares of KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Cantor Fitzgerald raised their price objective on KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a research report on Friday. Stifel Nicolaus upped their target price on shares of KLA from $800.00 to $825.00 and gave the company a “buy” rating in a research note on Friday. Finally, The Goldman Sachs Group lifted their price objective on KLA from $759.00 to $864.00 and gave the company a “buy” rating in a report on Friday. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $831.68.

KLA Trading Up 0.3 %

Shares of NASDAQ KLAC opened at $740.21 on Tuesday. KLA Co. has a fifty-two week low of $595.86 and a fifty-two week high of $896.32. The firm has a market capitalization of $99.01 billion, a P/E ratio of 31.13, a P/E/G ratio of 1.57 and a beta of 1.28. 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’s 50 day simple moving average is $675.96 and its 200 day simple moving average is $716.33.

KLA (NASDAQ:KLAC) last posted its quarterly earnings results 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 return on equity of 108.60% and a net margin of 29.58%. On average, analysts predict that KLA Co. will post 30.8 EPS for the current year.

KLA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were given a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.92%. This is an increase from KLA’s previous quarterly dividend of $1.45. The ex-dividend date was Monday, November 18th. KLA’s dividend payout ratio (DPR) is currently 28.60%.

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.