Oppenheimer Asset Management Inc. Raises Stock Holdings in KLA Co. (NASDAQ:KLAC)

Oppenheimer Asset Management Inc. lifted its holdings in KLA Co. (NASDAQ:KLAC) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,272 shares of the semiconductor company’s stock after purchasing an additional 460 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in KLA were worth $22,856,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of KLAC. Hutchens & Kramer Investment Management Group LLC lifted its holdings in shares of KLA by 3.3% in the 4th quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company’s stock valued at $259,000 after acquiring an additional 13 shares during the last quarter. Richardson Financial Services Inc. increased its position in shares of KLA by 5.9% during the 4th quarter. Richardson Financial Services Inc. now owns 253 shares of the semiconductor company’s stock valued at $160,000 after purchasing an additional 14 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its position in KLA by 6.5% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 246 shares of the semiconductor company’s stock worth $155,000 after buying an additional 15 shares during the last quarter. Catalyst Financial Partners LLC boosted its stake in KLA by 2.0% during the fourth quarter. Catalyst Financial Partners LLC now owns 755 shares of the semiconductor company’s stock worth $476,000 after buying an additional 15 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of KLA by 1.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,433 shares of the semiconductor company’s stock worth $1,110,000 after acquiring an additional 16 shares during the last quarter. Institutional investors own 86.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on KLAC. Wells Fargo & Company raised their price objective on shares of KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. StockNews.com cut KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. The Goldman Sachs Group upped their price objective on KLA from $759.00 to $864.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Susquehanna upped their price target on shares of KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of KLA from $725.00 to $850.00 and gave the company a “buy” rating in a report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $831.68.

KLA Stock Up 1.9 %

KLA stock opened at $738.52 on Thursday. KLA Co. has a fifty-two week low of $609.40 and a fifty-two week high of $896.32. The company has a market cap of $98.14 billion, a PE ratio of 31.06, a PEG ratio of 1.57 and a beta of 1.28. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36. The business’s 50-day simple moving average is $713.74 and its two-hundred day simple moving average is $715.86.

KLA (NASDAQ:KLAC) last issued its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%. Equities analysts anticipate that KLA Co. will post 31.59 EPS for the current year.

KLA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Monday, February 24th will be issued a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a yield of 0.92%. The ex-dividend date is Monday, February 24th. KLA’s dividend payout ratio (DPR) is 28.60%.

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.