Cumberland Partners Ltd Purchases 200 Shares of KLA Co. (NASDAQ:KLAC)

by · The Cerbat Gem

Cumberland Partners Ltd grew its position in shares of KLA Co. (NASDAQ:KLAC – Free Report) by 18.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,300 shares of the semiconductor company’s stock after acquiring an additional 200 shares during the quarter. Cumberland Partners Ltd’s holdings in KLA were worth $819,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KLAC. Kentucky Retirement Systems Insurance Trust Fund lifted its position in KLA by 48.3% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 5,902 shares of the semiconductor company’s stock valued at $3,719,000 after purchasing an additional 1,922 shares during the last quarter. Valley Wealth Managers Inc. lifted its holdings in shares of KLA by 28.9% in the 4th quarter. Valley Wealth Managers Inc. now owns 802 shares of the semiconductor company’s stock valued at $505,000 after acquiring an additional 180 shares during the last quarter. Beta Wealth Group Inc. lifted its stake in shares of KLA by 33.2% in the 4th quarter. Beta Wealth Group Inc. now owns 658 shares of the semiconductor company’s stock valued at $415,000 after purchasing an additional 164 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in shares of KLA by 2.6% in the 4th quarter. Venturi Wealth Management LLC now owns 18,032 shares of the semiconductor company’s stock valued at $11,362,000 after purchasing an additional 462 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its stake in shares of KLA by 17.5% in the 4th quarter. D.A. Davidson & CO. now owns 4,429 shares of the semiconductor company’s stock valued at $2,791,000 after purchasing an additional 660 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. StockNews.com downgraded KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Needham & Company LLC raised 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. Cantor Fitzgerald raised 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. Deutsche Bank Aktiengesellschaft raised their price objective on shares of KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Finally, Barclays raised their price objective on shares of KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, KLA currently has an average rating of “Moderate Buy” and a consensus target price of $831.68.

Check Out Our Latest Report on KLA

KLA Price Performance

KLAC opened at $777.63 on Friday. The firm has a market capitalization of $103.34 billion, a PE ratio of 32.70, a price-to-earnings-growth ratio of 1.54 and a beta of 1.28. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63. The business’s 50-day moving average is $703.92 and its two-hundred day moving average is $715.04. KLA Co. has a 1 year low of $609.40 and a 1 year high of $896.32.

KLA (NASDAQ:KLAC – Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 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%. Research analysts anticipate that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Announces Dividend

The firm also recently declared 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 annualized dividend and a yield of 0.87%. The ex-dividend date is Monday, February 24th. KLA’s dividend payout ratio is presently 28.60%.

KLA Profile

(Free Report)

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.

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