BFI Infinity Ltd. Invests $3.67 Million in KLA Co. (NASDAQ:KLAC)

BFI Infinity Ltd. purchased a new position in KLA Co. (NASDAQ:KLAC) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 5,816 shares of the semiconductor company’s stock, valued at approximately $3,665,000. KLA makes up 4.0% of BFI Infinity Ltd.’s portfolio, making the stock its 8th largest position.

Other institutional investors have also modified their holdings of the company. CVA Family Office LLC grew its position in KLA by 3.7% in the 3rd quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company’s stock valued at $283,000 after acquiring an additional 13 shares during the last quarter. Marcum Wealth LLC grew its stake in KLA by 4.1% in the 3rd quarter. Marcum Wealth LLC now owns 384 shares of the semiconductor company’s stock worth $297,000 after acquiring an additional 15 shares in the last quarter. Harbor Capital Advisors Inc. increased its position in shares of KLA by 1.1% during the third quarter. Harbor Capital Advisors Inc. now owns 1,433 shares of the semiconductor company’s stock worth $1,110,000 after acquiring an additional 16 shares during the period. Ascent Wealth Partners LLC grew its stake in KLA by 0.4% in the third quarter. Ascent Wealth Partners LLC now owns 4,466 shares of the semiconductor company’s stock worth $3,459,000 after purchasing an additional 16 shares in the last quarter. Finally, Citizens Financial Group Inc. RI lifted its holdings in shares of KLA by 2.8% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 582 shares of the semiconductor company’s stock worth $451,000 after buying an additional 16 shares during the period. 86.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Needham & Company LLC upgraded KLA from a “hold” rating to a “buy” rating and set a $750.00 price objective for the company in a report on Monday. StockNews.com cut shares of KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Cantor Fitzgerald reissued a “neutral” rating and set a $925.00 target price on shares of KLA in a research report on Tuesday, October 8th. The Goldman Sachs Group decreased their price objective on KLA from $850.00 to $759.00 and set a “buy” rating for the company in a report on Friday, January 10th. Finally, Susquehanna dropped their target price on KLA from $680.00 to $675.00 and set a “neutral” rating on the stock in a research note on Friday, October 11th. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, KLA presently has an average rating of “Moderate Buy” and an average target price of $809.10.

KLA Trading Up 3.0 %

KLAC opened at $738.09 on Thursday. The stock has a market capitalization of $98.73 billion, a PE ratio of 33.70, a P/E/G ratio of 1.47 and a beta of 1.27. KLA Co. has a one year low of $552.85 and a one year high of $896.32. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.48 and a current ratio of 2.13. The business’s 50 day moving average price is $651.44 and its 200 day moving average price is $726.56.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share 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 firm had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.75 billion. During the same quarter last year, the company posted $5.74 EPS. The firm’s quarterly revenue was up 18.5% on a year-over-year basis. As a group, equities research analysts expect that KLA Co. will post 30.37 EPS for the current year.

KLA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th were given a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a dividend yield of 0.92%. The ex-dividend date was Monday, November 18th. This is a boost from KLA’s previous quarterly dividend of $1.45. KLA’s dividend payout ratio is currently 31.05%.

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.