Strategic Investment Advisors MI Has $1.94 Million Stake in KLA Co. (NASDAQ:KLAC)

Strategic Investment Advisors MI increased its position in KLA Co. (NASDAQ:KLACFree Report) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,078 shares of the semiconductor company’s stock after buying an additional 61 shares during the period. Strategic Investment Advisors MI’s holdings in KLA were worth $1,939,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in KLA in the fourth quarter worth approximately $479,000. 1834 Investment Advisors Co. increased its holdings in KLA by 5.5% in the fourth quarter. 1834 Investment Advisors Co. now owns 1,557 shares of the semiconductor company’s stock worth $981,000 after buying an additional 81 shares during the last quarter. First Citizens Bank & Trust Co. increased its holdings in KLA by 9.2% in the fourth quarter. First Citizens Bank & Trust Co. now owns 464 shares of the semiconductor company’s stock worth $292,000 after buying an additional 39 shares during the last quarter. TTP Investments Inc. acquired a new position in KLA in the fourth quarter worth approximately $352,000. Finally, Patton Albertson Miller Group LLC boosted its position in KLA by 6.0% during the fourth quarter. Patton Albertson Miller Group LLC now owns 15,547 shares of the semiconductor company’s stock worth $9,797,000 after purchasing an additional 874 shares during the period. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Stock Down 1.5 %

KLAC opened at $749.82 on Monday. KLA Co. has a fifty-two week low of $581.70 and a fifty-two week high of $896.32. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.13 and a quick ratio of 1.48. The firm’s fifty day moving average price is $666.45 and its two-hundred day moving average price is $721.89. The company has a market capitalization of $100.30 billion, a P/E ratio of 34.24, a P/E/G ratio of 1.66 and a beta of 1.27.

KLA (NASDAQ:KLACGet Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.03 by $0.30. The company had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.75 billion. KLA had a return on equity of 105.16% and a net margin of 28.92%. The business’s revenue was up 18.5% on a year-over-year basis. During the same period last year, the business earned $5.74 earnings per share. On average, analysts anticipate that KLA Co. will post 30.34 EPS for the current year.

KLA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th were issued a dividend of $1.70 per share. The ex-dividend date of this dividend was Monday, November 18th. This is a boost from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.91%. KLA’s dividend payout ratio (DPR) is presently 31.05%.

Analysts Set New Price Targets

A number of research firms have recently commented on KLAC. Deutsche Bank Aktiengesellschaft dropped their price target on shares of KLA from $890.00 to $750.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Needham & Company LLC raised shares of KLA from a “hold” rating to a “buy” rating and set a $750.00 price target on the stock in a research report on Monday, January 13th. TD Cowen dropped their price target on shares of KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. Morgan Stanley dropped their price target on shares of KLA from $746.00 to $703.00 and set an “equal weight” rating on the stock in a research report on Thursday, December 5th. Finally, Susquehanna lifted their price target on shares of KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $812.47.

View Our Latest Stock Report on KLA

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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Institutional Ownership by Quarter for KLA (NASDAQ:KLAC)

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