Concord Asset Management LLC VA Has $1.25 Million Position in KLA Co. (NASDAQ:KLAC)

Concord Asset Management LLC VA lifted its position in KLA Co. (NASDAQ:KLAC) by 40.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,979 shares of the semiconductor company’s stock after purchasing an additional 569 shares during the period. Concord Asset Management LLC VA’s holdings in KLA were worth $1,247,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of KLAC. Swedbank AB raised its holdings in KLA by 0.4% during the 3rd quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock worth $426,660,000 after buying an additional 2,019 shares during the period. Diversify Advisory Services LLC raised its holdings in shares of KLA by 22.7% during the fourth quarter. Diversify Advisory Services LLC now owns 648 shares of the semiconductor company’s stock worth $443,000 after acquiring an additional 120 shares during the period. Community Financial Services Group LLC lifted its position in KLA by 538.5% in the 3rd quarter. Community Financial Services Group LLC now owns 7,445 shares of the semiconductor company’s stock valued at $5,765,000 after acquiring an additional 6,279 shares in the last quarter. Eastern Bank boosted its stake in KLA by 655.8% in the 3rd quarter. Eastern Bank now owns 27,368 shares of the semiconductor company’s stock worth $21,194,000 after purchasing an additional 23,747 shares during the period. Finally, ING Groep NV raised its stake in shares of KLA by 52.4% in the 3rd quarter. ING Groep NV now owns 79,763 shares of the semiconductor company’s stock valued at $61,769,000 after purchasing an additional 27,436 shares during the period. Institutional investors own 86.65% of the company’s stock.

Analysts Set New Price Targets

KLAC has been the subject of a number of research reports. UBS Group increased their price objective on KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Oppenheimer raised shares of KLA from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $750.00 to $850.00 in a research report on Thursday, October 31st. TD Cowen reduced their target price on shares of KLA from $760.00 to $725.00 and set a “hold” rating for the company in a report on Thursday, October 31st. The Goldman Sachs Group lifted their price target on shares of KLA from $759.00 to $864.00 and gave the company a “buy” rating in a research note on Friday. Finally, Susquehanna raised their price objective on KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, KLA has a consensus rating of “Moderate Buy” and a consensus price target of $829.32.

KLA Trading Down 0.6 %

KLAC stock opened at $738.24 on Friday. KLA Co. has a 52 week low of $581.70 and a 52 week high of $896.32. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.48 and a current ratio of 2.13. The company’s 50-day simple moving average is $673.99 and its 200 day simple moving average is $718.67. The company has a market capitalization of $98.75 billion, a PE ratio of 33.71, a price-to-earnings-growth ratio of 1.54 and a beta of 1.27.

KLA (NASDAQ:KLAC) last announced its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, topping the consensus estimate of $7.73 by $0.47. KLA had a net margin of 28.92% and a return on equity of 105.16%. As a group, sell-side analysts anticipate that KLA Co. will post 30.34 earnings per share for the current year.

KLA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th were given a dividend of $1.70 per share. This is an increase from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 annualized dividend and a yield of 0.92%. The ex-dividend date was Monday, November 18th. KLA’s payout ratio is currently 31.05%.

About KLA

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.