First Hawaiian Bank increased its holdings in shares of KLA Co. (NASDAQ:KLAC – Free Report) by 12.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,505 shares of the semiconductor company’s stock after purchasing an additional 171 shares during the period. First Hawaiian Bank’s holdings in KLA were worth $601,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the business. Price T Rowe Associates Inc. MD lifted its holdings in shares of KLA by 3.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,168,666 shares of the semiconductor company’s stock valued at $1,948,742,000 after purchasing an additional 180,374 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of KLA by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 2,576,855 shares of the semiconductor company’s stock valued at $969,882,000 after purchasing an additional 16,552 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of KLA by 22.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,074,884 shares of the semiconductor company’s stock valued at $759,532,000 after purchasing an additional 385,420 shares in the last quarter. Norges Bank bought a new position in shares of KLA during the 4th quarter valued at about $572,224,000. Finally, Amundi lifted its holdings in shares of KLA by 25.0% during the 4th quarter. Amundi now owns 1,492,176 shares of the semiconductor company’s stock valued at $625,340,000 after purchasing an additional 298,731 shares in the last quarter. Institutional investors own 88.63% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the company. Stifel Nicolaus cut their price objective on KLA from $505.00 to $445.00 and set a “buy” rating on the stock in a report on Tuesday, April 18th. StockNews.com initiated coverage on KLA in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. Needham & Company LLC lowered KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. Finally, BNP Paribas lowered KLA from an “outperform” rating to a “neutral” rating and set a $435.00 target price on the stock. in a research report on Thursday, April 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, KLA presently has an average rating of “Hold” and an average price target of $404.00.
Insider Activity at KLA
KLA Stock Up 1.6 %
KLAC opened at $485.02 on Friday. KLA Co. has a 1-year low of $250.20 and a 1-year high of $488.25. The stock’s fifty day simple moving average is $431.02 and its 200 day simple moving average is $404.14. The company has a current ratio of 2.35, a quick ratio of 1.54 and a debt-to-equity ratio of 2.20. The stock has a market cap of $66.54 billion, a PE ratio of 19.78, a price-to-earnings-growth ratio of 2.89 and a beta of 1.36.
KLA (NASDAQ:KLAC – Free Report) last posted its quarterly earnings results on Wednesday, April 26th. The semiconductor company reported $5.49 earnings per share for the quarter, beating analysts’ consensus estimates of $5.30 by $0.19. KLA had a return on equity of 167.59% and a net margin of 33.01%. The business had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.38 billion. During the same quarter in the prior year, the business earned $5.13 EPS. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, research analysts expect that KLA Co. will post 24.88 earnings per share for the current year.
KLA Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Monday, May 15th were paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend was Friday, May 12th. KLA’s dividend payout ratio (DPR) is presently 21.21%.
About KLA
KLA Corporation designs, manufactures, and markets process control, process-enabling, and yield management solutions for the semiconductor and related electronics industries worldwide. It operates through four segments: Semiconductor Process Control; Specialty Semiconductor Process; PCB, Display and Component Inspection; and Other.
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