State of New Jersey Common Pension Fund D Has $31.02 Million Stock Holdings in KLA Co. (NASDAQ:KLAC)

State of New Jersey Common Pension Fund D decreased its position in shares of KLA Co. (NASDAQ:KLAC) by 0.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 49,235 shares of the semiconductor company’s stock after selling 342 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in KLA were worth $31,024,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of KLAC. Legacy Investment Solutions LLC acquired a new position in KLA during the 3rd quarter worth $29,000. Groupama Asset Managment lifted its stake in shares of KLA by 82.3% in the 3rd quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 2,038 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of KLA in the 3rd quarter valued at $38,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of KLA in the 4th quarter valued at $43,000. Finally, Ameliora Wealth Management Ltd. acquired a new position in shares of KLA in the 4th quarter valued at $47,000. Institutional investors and hedge funds own 86.65% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on KLAC shares. The Goldman Sachs Group increased their price target on KLA from $759.00 to $864.00 and gave the company a “buy” rating in a research note on Friday, January 31st. UBS Group increased their price target on KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. Morgan Stanley increased their price target on KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. Oppenheimer raised KLA from a “market perform” rating to an “outperform” rating and increased their price target for the company from $750.00 to $850.00 in a research note on Thursday, October 31st. Finally, StockNews.com downgraded 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 thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $831.68.

KLA Stock Performance

KLAC opened at $750.74 on Monday. 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 business’s 50-day moving average price is $697.11 and its two-hundred day moving average price is $714.99. The company has a market capitalization of $99.77 billion, a price-to-earnings ratio of 31.57, a P/E/G ratio of 1.54 and a beta of 1.28. KLA Co. has a 1 year low of $609.40 and a 1 year high of $896.32.

KLA (NASDAQ:KLAC) last released its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. Equities analysts expect that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Monday, February 24th will be issued a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Monday, February 24th. KLA’s payout ratio is currently 28.60%.

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.