Dover Advisors LLC Has $2.96 Million Stock Position in KLA Co. (NASDAQ:KLAC)

Dover Advisors LLC boosted its holdings in shares of KLA Co. (NASDAQ:KLAC) by 16.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,692 shares of the semiconductor company’s stock after acquiring an additional 647 shares during the quarter. KLA accounts for about 1.7% of Dover Advisors LLC’s investment portfolio, making the stock its 11th largest holding. Dover Advisors LLC’s holdings in KLA were worth $2,957,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Y Intercept Hong Kong Ltd grew its holdings in shares of KLA by 427.0% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 6,413 shares of the semiconductor company’s stock valued at $4,041,000 after acquiring an additional 5,196 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in KLA in the fourth quarter valued at about $142,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in KLA by 1.9% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 27,402 shares of the semiconductor company’s stock worth $17,267,000 after purchasing an additional 500 shares during the last quarter. Delta Financial Group Inc. purchased a new stake in shares of KLA during the 4th quarter worth about $254,000. Finally, Howard Capital Management Inc. lifted its holdings in shares of KLA by 22.4% during the 4th quarter. Howard Capital Management Inc. now owns 15,132 shares of the semiconductor company’s stock valued at $9,535,000 after buying an additional 2,771 shares during the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Stock Down 3.0 %

KLAC stock opened at $754.30 on Monday. The business’s 50-day simple moving average is $708.55 and its 200 day simple moving average is $715.96. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64. The company has a market cap of $100.24 billion, a PE ratio of 31.72, a price-to-earnings-growth ratio of 1.57 and a beta of 1.28. KLA Co. has a twelve month low of $609.40 and a twelve month high of $896.32.

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, topping the consensus estimate of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. On average, research analysts anticipate that KLA Co. will post 31.59 earnings per share for the current year.

KLA Announces Dividend

The firm also recently disclosed 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. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Monday, February 24th. KLA’s dividend payout ratio is 28.60%.

Wall Street Analyst Weigh In

A number of research firms recently commented on KLAC. Deutsche Bank Aktiengesellschaft increased their price objective on KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Morgan Stanley raised their price target on shares of KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. TD Cowen decreased their price objective 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. Stifel Nicolaus raised their target price on KLA from $800.00 to $825.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, Needham & Company LLC upped their price target on KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.