Amica Retiree Medical Trust Has $710,000 Holdings in KLA Co. (NASDAQ:KLAC)

Amica Retiree Medical Trust decreased its stake in KLA Co. (NASDAQ:KLAC) by 7.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,126 shares of the semiconductor company’s stock after selling 97 shares during the quarter. Amica Retiree Medical Trust’s holdings in KLA were worth $710,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in KLA by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 13,484,468 shares of the semiconductor company’s stock worth $8,496,833,000 after buying an additional 85,370 shares during the last quarter. State Street Corp lifted its holdings in KLA by 2.5% during the 3rd quarter. State Street Corp now owns 5,979,293 shares of the semiconductor company’s stock worth $4,630,424,000 after buying an additional 145,317 shares during the period. Geode Capital Management LLC increased its position in shares of KLA by 3.0% during the third quarter. Geode Capital Management LLC now owns 3,221,694 shares of the semiconductor company’s stock worth $2,487,971,000 after buying an additional 93,743 shares during the period. Amundi lifted its stake in KLA by 9.4% in the fourth quarter. Amundi now owns 1,394,260 shares of the semiconductor company’s stock valued at $953,774,000 after buying an additional 119,845 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of KLA by 5.9% during the 4th quarter. Bank of New York Mellon Corp now owns 1,153,043 shares of the semiconductor company’s stock worth $726,555,000 after purchasing an additional 64,238 shares in the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on KLAC. Cantor Fitzgerald upped their target price on shares of KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Wells Fargo & Company boosted their price objective on KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft increased their price objective on KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Barclays upped their target price on shares of KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Finally, Needham & Company LLC raised 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. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $830.67.

KLA Stock Performance

NASDAQ:KLAC opened at $705.54 on Thursday. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63. 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 $93.76 billion, a PE ratio of 29.67, a price-to-earnings-growth ratio of 1.57 and a beta of 1.30. The business’s fifty day moving average price is $730.46 and its 200 day moving average price is $703.39.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, topping analysts’ consensus estimates of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%. On average, sell-side analysts anticipate that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Announces Dividend

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

About KLA

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.