Cooper Financial Group Buys 224 Shares of KLA Co. (NASDAQ:KLAC)

Cooper Financial Group lifted its stake in KLA Co. (NASDAQ:KLAC) by 15.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,651 shares of the semiconductor company’s stock after purchasing an additional 224 shares during the quarter. Cooper Financial Group’s holdings in KLA were worth $1,040,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new position in KLA during the third quarter worth $29,000. Groupama Asset Managment lifted its holdings in shares of KLA by 82.3% in the 3rd quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 2,038 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of KLA in the 3rd quarter worth about $38,000. FSA Wealth Management LLC purchased a new position in shares of KLA during the 3rd quarter worth about $53,000. Finally, Peterson Financial Group Inc. bought a new position in KLA during the 3rd quarter valued at about $56,000. Institutional investors own 86.65% of the company’s stock.

Analyst Ratings Changes

KLAC has been the subject of several analyst reports. Barclays decreased their price objective on shares of KLA from $800.00 to $750.00 and set an “equal weight” rating for the company in a research note on Thursday, October 31st. Oppenheimer raised KLA from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $750.00 to $850.00 in a research note on Thursday, October 31st. The Goldman Sachs Group decreased their target price on KLA from $850.00 to $759.00 and set a “buy” rating for the company in a research report on Friday. Susquehanna lowered their target price on shares of KLA from $680.00 to $675.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. Finally, TD Cowen reduced their price target 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. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $809.10.

KLA Trading Up 1.2 %

KLAC opened at $690.99 on Tuesday. The company has a current ratio of 2.13, a quick ratio of 1.48 and a debt-to-equity ratio of 1.65. The firm has a market cap of $92.43 billion, a price-to-earnings ratio of 31.55, a PEG ratio of 1.39 and a beta of 1.27. KLA Co. has a 12 month low of $552.85 and a 12 month high of $896.32. The stock has a fifty day moving average price of $650.82 and a 200-day moving average price of $727.43.

KLA (NASDAQ:KLAC) last announced its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, topping analysts’ consensus estimates of $7.03 by $0.30. KLA had a net margin of 28.92% and a return on equity of 105.16%. The business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.75 billion. During the same period in the previous year, the company posted $5.74 earnings per share. The firm’s revenue was up 18.5% on a year-over-year basis. As a group, equities research analysts anticipate that KLA Co. will post 30.61 earnings per share for the current fiscal year.

KLA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th were paid a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 0.98%. This is an increase from KLA’s previous quarterly dividend of $1.45. The ex-dividend date was Monday, November 18th. KLA’s dividend payout ratio (DPR) is 31.05%.

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.