Crumly & Associates Inc. Has $601,000 Stake in KLA Co. (NASDAQ:KLAC)

Crumly & Associates Inc. increased its holdings in shares of KLA Co. (NASDAQ:KLAC) by 14.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 954 shares of the semiconductor company’s stock after purchasing an additional 117 shares during the quarter. Crumly & Associates Inc.’s holdings in KLA were worth $601,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Mizuho Securities USA LLC lifted its stake in shares of KLA by 32,828.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock worth $2,647,708,000 after buying an additional 3,408,617 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of KLA by 76,452.4% during the 3rd quarter. International Assets Investment Management LLC now owns 302,382 shares of the semiconductor company’s stock worth $234,168,000 after buying an additional 301,987 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of KLA by 25.7% during the 3rd quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock worth $1,083,684,000 after buying an additional 286,015 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of KLA by 6,188.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 239,404 shares of the semiconductor company’s stock worth $185,397,000 after buying an additional 235,597 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its stake in shares of KLA by 10,766.7% during the 3rd quarter. Two Sigma Advisers LP now owns 228,200 shares of the semiconductor company’s stock worth $176,720,000 after buying an additional 226,100 shares during the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Trading Up 0.4 %

KLAC opened at $777.63 on Friday. The company’s 50 day moving average is $706.54 and its 200-day moving average is $715.48. KLA Co. has a 1-year low of $609.40 and a 1-year high of $896.32. 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 company has a market cap of $103.34 billion, a P/E ratio of 32.70, a PEG ratio of 1.57 and a beta of 1.28.

KLA (NASDAQ:KLAC) last posted its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share 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 predict that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th will be paid a $1.70 dividend. The ex-dividend date is Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.87%. KLA’s payout ratio is currently 28.60%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on KLAC shares. Oppenheimer upgraded shares of KLA from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $750.00 to $850.00 in a research note on Thursday, October 31st. Stifel Nicolaus raised their price target on shares of KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Wells Fargo & Company raised their price target on shares of KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Barclays raised their price target on shares of KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Finally, Cantor Fitzgerald raised their price target on shares of KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a research 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. According to MarketBeat, the company currently 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.