Calamos Wealth Management LLC Purchases 17 Shares of KLA Co. (NASDAQ:KLAC)

Calamos Wealth Management LLC boosted its holdings in KLA Co. (NASDAQ:KLAC) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,775 shares of the semiconductor company’s stock after purchasing an additional 17 shares during the period. Calamos Wealth Management LLC’s holdings in KLA were worth $1,118,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new position in shares of KLA in the 3rd quarter worth $29,000. Groupama Asset Managment raised its position in KLA by 82.3% during the third quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 2,038 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of KLA in the third quarter valued at about $38,000. FSA Wealth Management LLC purchased a new stake in shares of KLA in the third quarter valued at about $53,000. Finally, Peterson Financial Group Inc. purchased a new position in shares of KLA in the third quarter valued at approximately $56,000. 86.65% of the stock is owned by institutional investors.

KLA Stock Up 0.3 %

Shares of KLAC opened at $740.21 on Tuesday. The company has a market capitalization of $99.01 billion, a PE ratio of 31.13, a price-to-earnings-growth ratio of 1.57 and a beta of 1.28. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. The business’s 50 day moving average is $675.96 and its 200 day moving average is $716.33. KLA Co. has a 12-month low of $595.86 and a 12-month high of $896.32.

KLA (NASDAQ:KLAC) last issued its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, topping analysts’ consensus estimates of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. Research analysts expect that KLA Co. will post 30.8 earnings per share for the current fiscal year.

KLA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th were issued a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.92%. This is an increase from KLA’s previous quarterly dividend of $1.45. The ex-dividend date was Monday, November 18th. KLA’s dividend payout ratio is presently 28.60%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on KLAC shares. Susquehanna upped their price target on KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Barclays raised their price objective on KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a research note on Friday. Oppenheimer upgraded KLA from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $750.00 to $850.00 in a research note on Thursday, October 31st. TD Cowen cut their target price on KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a research note on Thursday, October 31st. Finally, UBS Group raised their target price on KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $831.68.

KLA Company Profile

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.