KLA draws rating upgrade, dividend news and fund position changes
· 6 sources
Wall Street Zen upgraded KLA to buy, a quarterly dividend was declared, and several firms reported changes to their KLAC holdings, MarketBeat says.
What happened
MarketBeat reports that Wall Street Zen upgraded KLA (NASDAQ:KLAC) from a hold rating to a buy rating in a research note published on Saturday.
Ad-hoc-news.de reports that KLA's board declared a quarterly dividend of $0.23 per share, which sets a new dividend timetable for investors in the stock.
MarketBeat also published several reports on institutional positions in KLA. CenterBook Partners LP acquired shares, and Ethic Inc. also acquired stock. Kestra Advisory Services LLC increased its position, while Candriam S.C.A. sold 79,248 shares.
Context
Research firms periodically revise their ratings on listed companies, and institutional investors' holdings are regularly disclosed in regulatory filings that outlets such as MarketBeat summarize.
Why it matters
Rating changes, dividend declarations and shifts in institutional ownership are among the data points market participants follow when assessing a company like KLA.
Stocks in this story
Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.
$63.58Fair range: $37.30 to $108.37The price ($138.49) is 117.8% above that figure.
Chance of a rise in 1 month
46%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $119.78 and $154.72; 9 in 10, between $95.47 and $194.11.
Fair value, probabilities and earnings for every stock. Free account, no card. Information, not advice.
Information, not advice. This content is informational and is not an investment recommendation or an offer to buy or sell securities. ATLAS estimates come from statistical models using public data, can be wrong, and past performance does not guarantee future results. Disclaimer
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