QRG Capital Management Inc. Purchases 480 Shares of KLA Co. (NASDAQ:KLAC)

QRG Capital Management Inc. boosted its stake in shares of KLA Co. (NASDAQ:KLAC) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,799 shares of the semiconductor company’s stock after buying an additional 480 shares during the period. QRG Capital Management Inc.’s holdings in KLA were worth $35,160,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Hutchens & Kramer Investment Management Group LLC boosted its holdings in KLA by 3.3% in the 4th quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company’s stock worth $259,000 after buying an additional 13 shares during the last quarter. Richardson Financial Services Inc. boosted its holdings in KLA by 5.9% in the 4th quarter. Richardson Financial Services Inc. now owns 253 shares of the semiconductor company’s stock worth $160,000 after buying an additional 14 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in KLA by 6.5% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 246 shares of the semiconductor company’s stock worth $155,000 after buying an additional 15 shares during the last quarter. Catalyst Financial Partners LLC boosted its holdings in KLA by 2.0% in the 4th quarter. Catalyst Financial Partners LLC now owns 755 shares of the semiconductor company’s stock worth $476,000 after buying an additional 15 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in KLA by 1.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,433 shares of the semiconductor company’s stock worth $1,110,000 after buying an additional 16 shares during the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Trading Up 1.9 %

NASDAQ KLAC opened at $738.52 on Thursday. The stock has a market capitalization of $98.14 billion, a P/E ratio of 31.06, a P/E/G ratio of 1.57 and a beta of 1.28. KLA Co. has a 52-week low of $609.40 and a 52-week high of $896.32. The firm has a 50-day moving average price of $713.74 and a 200 day moving average price of $715.86. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64.

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

KLA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th will be issued a $1.70 dividend. The ex-dividend date is Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a yield of 0.92%. KLA’s dividend payout ratio (DPR) is presently 28.60%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Needham & Company LLC lifted their price objective on KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Morgan Stanley lifted their price objective on KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a report on Monday, February 3rd. UBS Group lifted their price objective on KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Cantor Fitzgerald boosted their target price on KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Finally, TD Cowen lowered their target price on KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, KLA presently has an average rating of “Moderate Buy” and a consensus price target of $831.68.

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.