Delta Financial Group Inc. Invests $254,000 in KLA Co. (NASDAQ:KLAC)

Delta Financial Group Inc. bought a new stake in shares of KLA Co. (NASDAQ:KLAC) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 403 shares of the semiconductor company’s stock, valued at approximately $254,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in KLAC. Swedbank AB grew its stake 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 purchasing an additional 2,019 shares during the period. Private Advisor Group LLC boosted its stake in KLA by 0.5% in the 3rd quarter. Private Advisor Group LLC now owns 5,750 shares of the semiconductor company’s stock valued at $4,453,000 after buying an additional 28 shares in the last quarter. Outlook Wealth Advisors LLC grew its position in KLA by 6.5% in the third quarter. Outlook Wealth Advisors LLC now owns 456 shares of the semiconductor company’s stock valued at $353,000 after acquiring an additional 28 shares during the period. DekaBank Deutsche Girozentrale raised its stake in KLA by 7.8% during the third quarter. DekaBank Deutsche Girozentrale now owns 317,420 shares of the semiconductor company’s stock worth $246,447,000 after acquiring an additional 23,029 shares in the last quarter. Finally, Frank Rimerman Advisors LLC lifted its holdings in shares of KLA by 53.4% during the third quarter. Frank Rimerman Advisors LLC now owns 2,355 shares of the semiconductor company’s stock valued at $1,824,000 after acquiring an additional 820 shares during the period. Institutional investors own 86.65% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on KLAC shares. Barclays upped their target price on shares of KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. TD Cowen decreased their price objective on shares of KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a research note on Thursday, October 31st. Stifel Nicolaus raised their price objective on shares of KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Susquehanna boosted their target price on KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Finally, The Goldman Sachs Group increased their price target on KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a research report 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $831.68.

KLA Stock Performance

KLA stock opened at $754.30 on Monday. The company has a market cap of $100.24 billion, a PE ratio of 31.72, a PEG ratio of 1.57 and a beta of 1.28. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. KLA Co. has a 1 year low of $609.40 and a 1 year high of $896.32. The company’s 50-day moving average is $708.55 and its two-hundred day moving average is $715.96.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, beating 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 earnings per share for the current year.

KLA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Monday, February 24th will be paid a dividend of $1.70 per share. The ex-dividend date is Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.90%. KLA’s dividend payout ratio (DPR) is presently 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.