Jacobi Capital Management LLC Purchases 66 Shares of KLA Co. (NASDAQ:KLAC)

Jacobi Capital Management LLC raised its position in KLA Co. (NASDAQ:KLAC) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,585 shares of the semiconductor company’s stock after purchasing an additional 66 shares during the period. Jacobi Capital Management LLC’s holdings in KLA were worth $1,629,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. State Street Corp increased its position in shares of KLA by 2.5% during the third quarter. State Street Corp now owns 5,979,293 shares of the semiconductor company’s stock worth $4,630,424,000 after acquiring an additional 145,317 shares in the last quarter. Mizuho Securities USA LLC increased its position in shares of KLA by 32,828.8% during the third quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock worth $2,647,708,000 after acquiring an additional 3,408,617 shares in the last quarter. 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 acquiring an additional 93,743 shares in the last quarter. Van ECK Associates Corp increased its position in shares of KLA by 25.7% during the third quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock worth $1,083,684,000 after acquiring an additional 286,015 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of KLA by 5.9% during the fourth quarter. Bank of New York Mellon Corp now owns 1,153,043 shares of the semiconductor company’s stock worth $726,555,000 after acquiring an additional 64,238 shares in the last quarter. Institutional investors own 86.65% of the company’s stock.

KLA Price Performance

KLAC stock opened at $708.84 on Friday. 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 Co. has a 12 month low of $609.40 and a 12 month high of $896.32. The firm has a market cap of $94.20 billion, a P/E ratio of 29.81, a P/E/G ratio of 1.57 and a beta of 1.28. The company’s 50-day moving average price is $716.87 and its two-hundred day moving average price is $714.86.

KLA (NASDAQ:KLAC) last released its earnings results 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, analysts anticipate that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Dividend Announcement

The business also recently declared 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. The ex-dividend date is Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.96%. KLA’s payout ratio is currently 28.60%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. StockNews.com downgraded shares of KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. 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 report on Friday, January 31st. Cantor Fitzgerald increased their target price on shares of KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Barclays increased 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 increased their target price on shares of KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $831.68.

KLA Company 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.