Corebridge Financial Inc. Has $28.41 Million Stock Holdings in KLA Co. (NASDAQ:KLAC)

Corebridge Financial Inc. increased its position in shares of KLA Co. (NASDAQ:KLAC) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,092 shares of the semiconductor company’s stock after purchasing an additional 203 shares during the quarter. Corebridge Financial Inc.’s holdings in KLA were worth $28,413,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new stake in shares of KLA in the 3rd quarter valued at $29,000. Tortoise Investment Management LLC increased its position in KLA by 300.0% during the 4th quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 36 shares in the last quarter. TCTC Holdings LLC bought a new position in KLA in the 4th quarter valued at approximately $31,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of KLA during the 4th quarter valued at $32,000. Finally, Groupama Asset Managment boosted its stake in shares of 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 purchasing an additional 2,038 shares in the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Stock Performance

Shares of KLAC stock opened at $706.49 on Monday. KLA Co. has a 12 month low of $609.40 and a 12 month high of $896.32. The firm has a market capitalization of $93.88 billion, a PE ratio of 29.71, a price-to-earnings-growth ratio of 1.57 and a beta of 1.30. The firm has a fifty day simple moving average of $729.52 and a two-hundred day simple moving average of $703.24. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64.

KLA (NASDAQ:KLAC) last posted its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share 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%. Analysts forecast that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on KLAC. StockNews.com lowered shares of KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Stifel Nicolaus raised their price target on shares of KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Cantor Fitzgerald upped their price objective on shares of KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Needham & Company LLC lifted their target price on shares of KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Finally, The Goldman Sachs Group upped their target price on KLA from $759.00 to $864.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.