IFP Advisors Inc Has $2.44 Million Stake in KLA Co. (NASDAQ:KLAC)

IFP Advisors Inc lifted its holdings in shares of KLA Co. (NASDAQ:KLAC) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,880 shares of the semiconductor company’s stock after buying an additional 214 shares during the quarter. IFP Advisors Inc’s holdings in KLA were worth $2,444,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Hutchens & Kramer Investment Management Group LLC raised its stake in KLA by 3.3% in the 4th quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company’s stock worth $259,000 after purchasing an additional 13 shares in the last quarter. Richardson Financial Services Inc. raised its stake in KLA by 5.9% in the 4th quarter. Richardson Financial Services Inc. now owns 253 shares of the semiconductor company’s stock worth $160,000 after purchasing an additional 14 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its stake in KLA by 6.5% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 246 shares of the semiconductor company’s stock worth $155,000 after purchasing an additional 15 shares in the last quarter. Catalyst Financial Partners LLC raised its stake in KLA by 2.0% in the 4th quarter. Catalyst Financial Partners LLC now owns 755 shares of the semiconductor company’s stock worth $476,000 after purchasing an additional 15 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in KLA by 1.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,433 shares of the semiconductor company’s stock worth $1,110,000 after purchasing an additional 16 shares in the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on KLAC. Cantor Fitzgerald lifted their price objective on shares of KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Stifel Nicolaus raised their target price on shares of KLA from $800.00 to $825.00 and gave the company a “buy” rating in a report on Friday, January 31st. Wells Fargo & Company raised their target price on shares of KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a report on Friday, January 31st. StockNews.com lowered shares of KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of 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 assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $831.68.

KLA Stock Down 1.7 %

NASDAQ:KLAC opened at $724.97 on Wednesday. The firm’s 50 day simple moving average is $711.58 and its 200 day simple moving average is $715.70. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63. KLA Co. has a one year low of $609.40 and a one year high of $896.32. The company has a market cap of $96.34 billion, a PE ratio of 30.49, a P/E/G ratio of 1.57 and a beta of 1.28.

KLA (NASDAQ:KLAC) last posted 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 29.58% and a return on equity of 108.60%. On average, research analysts anticipate that KLA Co. will post 31.59 earnings per share for the current year.

KLA Dividend Announcement

The firm also recently announced 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 of this dividend is Monday, February 24th. This represents a $6.80 annualized dividend and a yield of 0.94%. KLA’s dividend payout ratio is presently 28.60%.

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.