Mutual of America Capital Management LLC Has $10.10 Million Holdings in KLA Co. (NASDAQ:KLAC)

Mutual of America Capital Management LLC decreased its position in shares of KLA Co. (NASDAQ:KLAC) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,021 shares of the semiconductor company’s stock after selling 531 shares during the quarter. Mutual of America Capital Management LLC’s holdings in KLA were worth $10,095,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Dynasty Wealth Management LLC boosted its position in shares of KLA by 4.4% during the 4th quarter. Dynasty Wealth Management LLC now owns 2,215 shares of the semiconductor company’s stock worth $1,396,000 after acquiring an additional 94 shares in the last quarter. Shoker Investment Counsel Inc. lifted its stake in KLA by 1.0% during the fourth quarter. Shoker Investment Counsel Inc. now owns 6,935 shares of the semiconductor company’s stock worth $4,370,000 after purchasing an additional 66 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in shares of KLA by 0.9% in the 4th quarter. QRG Capital Management Inc. now owns 55,799 shares of the semiconductor company’s stock valued at $35,160,000 after purchasing an additional 480 shares in the last quarter. Alecta Tjanstepension Omsesidigt increased its stake in shares of KLA by 27.0% in the 4th quarter. Alecta Tjanstepension Omsesidigt now owns 423,300 shares of the semiconductor company’s stock valued at $266,683,000 after purchasing an additional 90,000 shares during the last quarter. Finally, Proficio Capital Partners LLC increased its stake in shares of KLA by 114,444.5% in the 4th quarter. Proficio Capital Partners LLC now owns 342,488 shares of the semiconductor company’s stock valued at $215,809,000 after purchasing an additional 342,189 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KLAC has been the topic of several research analyst reports. UBS Group raised their price objective on KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. Needham & Company LLC lifted their price target on shares of KLA from $800.00 to $830.00 and gave the company a “buy” rating in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft upped their price objective on shares of KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Susquehanna boosted their target price on shares of KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Finally, Morgan Stanley upped their price target on shares of KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a report on Monday, February 3rd. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $831.68.

KLA Stock Performance

NASDAQ:KLAC opened at $708.84 on Friday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36. KLA Co. has a fifty-two week low of $609.40 and a fifty-two week high of $896.32. The company has a 50 day simple moving average of $716.87 and a two-hundred day simple moving average of $714.86. The company has a market capitalization of $94.20 billion, a PE ratio of 29.81, a P/E/G ratio of 1.57 and a beta of 1.28.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, topping the consensus estimate of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%. Research analysts anticipate that KLA Co. will post 31.59 earnings per share for the current year.

KLA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th will be paid a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Monday, February 24th. KLA’s dividend payout ratio is 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.