Harvest Fund Management Co. Ltd Buys 1,628 Shares of KLA Co. (NASDAQ:KLAC)

Harvest Fund Management Co. Ltd lifted its stake in KLA Co. (NASDAQ:KLAC) by 17.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,713 shares of the semiconductor company’s stock after purchasing an additional 1,628 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in KLA were worth $6,750,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in KLAC. Legacy Investment Solutions LLC bought a new stake in shares of KLA in the 3rd quarter worth approximately $29,000. Tortoise Investment Management LLC boosted its position 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 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 bought a new position in KLA in the 4th quarter valued at approximately $32,000. Finally, Groupama Asset Managment lifted its position in KLA by 82.3% in the 3rd quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 2,038 shares in the last quarter. 86.65% of the stock is owned by institutional investors.

KLA Trading Down 1.2 %

Shares of KLA stock opened at $710.00 on Wednesday. The company has a fifty day moving average of $727.78 and a 200 day moving average of $704.39. KLA Co. has a fifty-two week low of $609.40 and a fifty-two week high of $896.32. The company has a market capitalization of $94.35 billion, a P/E ratio of 29.86, a P/E/G ratio of 1.57 and a beta of 1.30. 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 (NASDAQ:KLAC) last released its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, beating 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%. On average, sell-side analysts anticipate that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were issued a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend was Monday, February 24th. KLA’s dividend payout ratio (DPR) is presently 28.60%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. StockNews.com cut KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Wells Fargo & Company boosted their target price on shares of KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. UBS Group boosted their target price on shares of KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. Cantor Fitzgerald boosted their target price 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. Finally, Needham & Company LLC boosted their target price on shares of KLA from $800.00 to $830.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.