Kohmann Bosshard Financial Services LLC Purchases Shares of 51 KLA Co. (NASDAQ:KLAC)

Kohmann Bosshard Financial Services LLC purchased a new stake in KLA Co. (NASDAQ:KLAC) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 51 shares of the semiconductor company’s stock, valued at approximately $32,000.

Several other institutional investors and hedge funds have also recently modified their holdings of KLAC. Swedbank AB raised its holdings in shares of KLA by 0.4% in the 3rd quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock valued at $426,660,000 after acquiring an additional 2,019 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of KLA by 16.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 819 shares of the semiconductor company’s stock valued at $634,000 after acquiring an additional 113 shares in the last quarter. Clear Creek Financial Management LLC raised its holdings in shares of KLA by 352.0% in the 3rd quarter. Clear Creek Financial Management LLC now owns 1,130 shares of the semiconductor company’s stock valued at $875,000 after acquiring an additional 880 shares in the last quarter. Optas LLC purchased a new stake in shares of KLA in the 3rd quarter valued at about $248,000. Finally, Emerald Mutual Fund Advisers Trust purchased a new position in shares of KLA during the 3rd quarter valued at about $116,000. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Price Performance

Shares of KLAC stock opened at $691.15 on Tuesday. The firm has a market cap of $91.84 billion, a P/E ratio of 29.06, a P/E/G ratio of 1.57 and a beta of 1.28. KLA Co. has a fifty-two week low of $609.40 and a fifty-two week high of $896.32. The business’s 50 day moving average price is $717.73 and its 200-day moving average price is $713.28. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share 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%. On average, equities research analysts anticipate that KLA Co. will post 31.59 earnings per share for the current year.

KLA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Monday, February 24th will be given a dividend of $1.70 per share. The ex-dividend date is Monday, February 24th. This represents a $6.80 annualized dividend and a dividend yield of 0.98%. KLA’s dividend payout ratio is presently 28.60%.

Wall Street Analyst Weigh In

KLAC has been the topic of a number of research reports. Needham & Company LLC raised their price objective on KLA from $800.00 to $830.00 and gave the company a “buy” rating in a report on Friday, January 31st. Morgan Stanley raised their price objective on KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. UBS Group raised their price objective on KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. Barclays raised their price objective on KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on KLA from $725.00 to $850.00 and gave the company a “buy” rating in a report on Friday, January 31st. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.