11,645 Shares in KLA Co. (NASDAQ:KLAC) Acquired by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. bought a new stake in shares of KLA Co. (NASDAQ:KLACFree Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 11,645 shares of the semiconductor company’s stock, valued at approximately $5,341,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blair William & Co. IL lifted its holdings in shares of KLA by 1.9% during the 1st quarter. Blair William & Co. IL now owns 22,566 shares of the semiconductor company’s stock worth $8,261,000 after acquiring an additional 413 shares during the last quarter. Sei Investments Co. lifted its stake in KLA by 34.9% during the first quarter. Sei Investments Co. now owns 80,289 shares of the semiconductor company’s stock worth $29,382,000 after purchasing an additional 20,773 shares during the last quarter. Prudential PLC boosted its holdings in shares of KLA by 183.1% in the 1st quarter. Prudential PLC now owns 4,374 shares of the semiconductor company’s stock worth $1,601,000 after purchasing an additional 2,829 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in shares of KLA by 32.9% during the 1st quarter. Sequoia Financial Advisors LLC now owns 924 shares of the semiconductor company’s stock valued at $338,000 after purchasing an additional 229 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. raised its holdings in shares of KLA by 4.4% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 50,684 shares of the semiconductor company’s stock valued at $18,553,000 after buying an additional 2,151 shares in the last quarter. Hedge funds and other institutional investors own 85.49% of the company’s stock.

KLA Trading Down 1.4 %

Shares of KLAC opened at $688.71 on Thursday. KLA Co. has a 1-year low of $355.88 and a 1-year high of $729.15. The firm has a market capitalization of $93.13 billion, a price-to-earnings ratio of 34.98, a PEG ratio of 3.32 and a beta of 1.34. The firm’s 50-day moving average price is $632.65 and its 200-day moving average price is $553.84. The company has a current ratio of 1.91, a quick ratio of 1.25 and a debt-to-equity ratio of 1.69.

KLA (NASDAQ:KLACGet Free Report) last posted its earnings results on Thursday, January 25th. The semiconductor company reported $6.16 earnings per share for the quarter, topping analysts’ consensus estimates of $5.91 by $0.25. The firm had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.46 billion. KLA had a return on equity of 107.56% and a net margin of 27.98%. The business’s revenue for the quarter was down 16.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $7.38 EPS. Sell-side analysts anticipate that KLA Co. will post 22.82 EPS for the current year.

KLA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 19th were issued a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend was Thursday, February 15th. KLA’s dividend payout ratio (DPR) is presently 29.46%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on KLAC shares. Wells Fargo & Company increased their price target on shares of KLA from $670.00 to $705.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Stifel Nicolaus upped their price target on shares of KLA from $535.00 to $625.00 and gave the company a “buy” rating in a research report on Tuesday, January 16th. The Goldman Sachs Group raised their price objective on KLA from $560.00 to $640.00 and gave the company a “buy” rating in a research note on Friday, January 26th. New Street Research initiated coverage on KLA in a research note on Monday, December 18th. They issued a “buy” rating and a $730.00 target price for the company. Finally, TD Cowen raised their price target on KLA from $525.00 to $650.00 and gave the stock a “market perform” rating in a research report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $623.06.

View Our Latest Analysis on KLAC

About KLA

(Free Report)

KLA Corporation designs, manufactures, and markets 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, Display and Component Inspection.

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Institutional Ownership by Quarter for KLA (NASDAQ:KLAC)

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