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

Mutual of America Capital Management LLC lessened its holdings in shares of KLA Co. (NASDAQ:KLAC) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new position in shares of KLA in the third quarter valued at approximately $29,000. Groupama Asset Managment boosted its stake in KLA by 82.3% in the 3rd quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 2,038 shares during the period. Capital Performance Advisors LLP acquired a new position in KLA in the 3rd quarter worth $38,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in KLA during the 4th quarter worth about $43,000. Finally, Ameliora Wealth Management Ltd. acquired a new stake in shares of KLA in the 4th quarter valued at about $47,000. 86.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

KLAC has been the subject of a number of research reports. The Goldman Sachs Group increased their price objective on KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a report on Friday, January 31st. StockNews.com cut shares of KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. UBS Group increased their target price on shares of KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Cantor Fitzgerald lifted their price target 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, Stifel Nicolaus increased their price objective on shares of KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, KLA presently has a consensus rating of “Moderate Buy” and an average price target of $831.68.

KLA Price Performance

KLA stock opened at $708.84 on Friday. The company has a market capitalization of $94.20 billion, a price-to-earnings ratio of 29.81, a PEG ratio of 1.57 and a beta of 1.28. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. KLA Co. has a 12 month low of $609.40 and a 12 month high of $896.32. The stock’s 50 day moving average is $716.87 and its 200-day moving average is $714.86.

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 return on equity of 108.60% and a net margin of 29.58%. Equities research analysts expect that KLA Co. will post 31.59 EPS for the current year.

KLA Announces Dividend

The firm also recently disclosed 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. This represents a $6.80 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Monday, February 24th. KLA’s dividend payout ratio is currently 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.