Tectonic Advisors LLC Acquires 456 Shares of KLA Co. (NASDAQ:KLAC)

Tectonic Advisors LLC boosted its holdings in KLA Co. (NASDAQ:KLAC) by 19.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,823 shares of the semiconductor company’s stock after acquiring an additional 456 shares during the quarter. Tectonic Advisors LLC’s holdings in KLA were worth $1,779,000 at the end of the most recent quarter.

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

KLA Trading Up 1.2 %

Shares of KLA stock opened at $749.32 on Wednesday. The firm has a market cap of $100.23 billion, a price-to-earnings ratio of 31.51, a PEG ratio of 1.57 and a beta of 1.28. The business has a 50-day moving average price of $677.87 and a 200-day moving average price of $716.00. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64. KLA Co. has a twelve month low of $595.86 and a twelve month high of $896.32.

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

KLA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were issued a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a yield of 0.91%. This is a positive change from KLA’s previous quarterly dividend of $1.45. The ex-dividend date of this dividend was Monday, November 18th. KLA’s dividend payout ratio (DPR) is presently 28.60%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Needham & Company LLC increased their price target on KLA from $800.00 to $830.00 and gave the company a “buy” rating in a report on Friday, January 31st. Susquehanna increased their price target on KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Stifel Nicolaus upped their price objective on KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft upped their price objective on KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Finally, Wells Fargo & Company upped their price objective on KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $831.68.

KLA 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.