Cibc World Markets Corp Acquires 23,218 Shares of KLA Co. (NASDAQ:KLAC)

Cibc World Markets Corp raised its holdings in KLA Co. (NASDAQ:KLAC) by 109.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 44,401 shares of the semiconductor company’s stock after buying an additional 23,218 shares during the quarter. Cibc World Markets Corp’s holdings in KLA were worth $27,978,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new stake in shares of KLA in the 3rd quarter worth approximately $29,000. Tortoise Investment Management LLC lifted its stake in shares of KLA by 300.0% in the 4th quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 36 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new position in shares of KLA in the 4th quarter valued at approximately $32,000. Fairfield Financial Advisors LTD lifted its stake in shares of KLA by 160.0% in the 4th quarter. Fairfield Financial Advisors LTD now owns 65 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 40 shares during the period. Finally, FSA Wealth Management LLC purchased a new position in shares of KLA in the 3rd quarter valued at approximately $53,000. 86.65% of the stock is currently owned by institutional investors.

KLA Stock Up 4.6 %

KLAC stock opened at $713.00 on Monday. KLA Co. has a 1-year low of $609.40 and a 1-year high of $896.32. The business has a fifty day moving average price of $726.81 and a 200-day moving average price of $705.71. 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 stock has a market capitalization of $94.75 billion, a P/E ratio of 29.98, a P/E/G ratio of 1.57 and a beta of 1.30.

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

KLA Announces Dividend

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 $1.70 dividend. This represents a $6.80 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Monday, February 24th. KLA’s payout ratio is currently 28.60%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Susquehanna raised their target price on KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Needham & Company LLC raised their target price on KLA from $800.00 to $830.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Barclays raised their target price on KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Cantor Fitzgerald lifted their price objective on KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Finally, Morgan Stanley lifted their price objective on KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $830.67.

KLA Company 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.