1 week Ago By ABMN Staff
Diversify Advisory Services LLC boosted its holdings in KLA Co. ( NASDAQ:KLAC – Free Report ) by 22.7% in the fourth quarter, HoldingsChannel reports.
The institutional investor owned 648 shares of the semiconductor company’s stock after purchasing an additional 120 shares during the quarter. Diversify Advisory Services LLC’s holdings in KLA were worth $443,000 at the end of the most recent reporting period. Other institutional investors and hedge funds have also bought and sold shares of the company.
CVA Family Office LLC grew its position in shares of KLA by 3.7% during the third quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company’s stock worth $283,000 after purchasing an additional 13 shares in the last quarter.
Marcum Wealth LLC grew its holdings in KLA by 4.1% during the 3rd quarter. Marcum Wealth LLC now owns 384 shares of the semiconductor company’s stock valued at $297,000 after buying an additional 15 shares in the last quarter.
Harbor Capital Advisors Inc. raised its position in shares of KLA by 1.1% during the third quarter.
Harbor Capital Advisors Inc. now owns 1,433 shares of the semiconductor company’s stock valued at $1,110,000 after buying an additional 16 shares during the last quarter. Ascent Wealth Partners LLC lifted its holdings in shares of KLA by 0.
4% in the third quarter. Ascent Wealth Partners LLC now owns 4,466 shares of the semiconductor company’s stock worth $3,459,000 after buying an additional 16 shares in the last quarter. Finally, Citizens Financial Group Inc.
RI boosted its position in shares of KLA by 2.8% during the third quarter. Citizens Financial Group Inc.
RI now owns 582 shares of the semiconductor company’s stock worth $451,000 after acquiring an additional 16 shares during the last quarter. 86.65% of the stock is owned by institutional investors.
Analysts Set New Price Targets A number of analysts have issued reports on the stock. Barclays reduced their price target on shares of KLA from $750.00 to $700.
00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Susquehanna boosted their target price on KLA from $620.00 to $655.
00 and gave the stock a “neutral” rating in a research report on Wednesday. Morgan Stanley cut their price target on KLA from $746.00 to $703.
00 and set an “equal weight” rating for the company in a report on Thursday, December 5th. UBS Group upped their price objective on KLA from $665.00 to $780.
00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, TD Cowen lowered their target price on KLA from $760.00 to $725.
00 and set a “hold” rating for the company in a research report on Thursday, October 31st. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, KLA currently has a consensus rating of “Moderate Buy” and a consensus target price of $806.
35. KLA Trading Up 0.6 % NASDAQ KLAC opened at $771.
91 on Thursday. KLA Co. has a 12 month low of $581.
70 and a 12 month high of $896.32. The company’s 50-day moving average price is $658.
87 and its 200-day moving average price is $723.16. The stock has a market cap of $103.
25 billion, a PE ratio of 35.25, a PEG ratio of 1.63 and a beta of 1.
27. The company has a current ratio of 2.13, a quick ratio of 1.
48 and a debt-to-equity ratio of 1.65. KLA ( NASDAQ:KLAC – Get Free Report ) last issued its earnings results on Wednesday, October 30th.
The semiconductor company reported $7.33 EPS for the quarter, topping analysts’ consensus estimates of $7.03 by $0.
30. The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.
75 billion. KLA had a net margin of 28.92% and a return on equity of 105.
16%. The company’s quarterly revenue was up 18.5% compared to the same quarter last year.
During the same period last year, the company posted $5.74 earnings per share. Equities research analysts forecast that KLA Co.
will post 30.37 earnings per share for the current year. KLA Increases Dividend The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd.
Shareholders of record on Monday, November 18th were issued a $1.70 dividend. This represents a $6.
80 annualized dividend and a dividend yield of 0.88%. This is a boost from KLA’s previous quarterly dividend of $1.
45. The ex-dividend date was Monday, November 18th. KLA’s dividend payout ratio is currently 31.
05%. About KLA ( 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.
Further Reading Want to see what other hedge funds are holding KLAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KLA Co. ( NASDAQ:KLAC – Free Report ).
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