Baldwin Wealth Partners LLC MA Increases Stock Holdings in KLA Co. (NASDAQ:KLAC)

Baldwin Wealth Partners LLC MA boosted its position in KLA Co. (NASDAQ:KLAC) by 6.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 38,107 shares of the semiconductor company’s stock after purchasing an additional 2,337 shares during the period. KLA comprises 1.7% of Baldwin Wealth Partners LLC MA’s portfolio, making the stock its 15th biggest holding. Baldwin Wealth Partners LLC MA’s holdings in KLA were worth $24,012,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new position in KLA in the 3rd quarter worth approximately $29,000. Groupama Asset Managment lifted its holdings in 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 purchasing an additional 2,038 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in KLA in the 3rd quarter worth approximately $38,000. FSA Wealth Management LLC purchased a new position in KLA in the 3rd quarter worth approximately $53,000. Finally, Peterson Financial Group Inc. purchased a new position in KLA in the 3rd quarter worth approximately $56,000. 86.65% of the stock is owned by hedge funds and other institutional investors.

KLA Price Performance

Shares of KLAC stock opened at $714.32 on Monday. KLA Co. has a 1-year low of $581.70 and a 1-year high of $896.32. The stock’s 50-day moving average is $666.45 and its 200 day moving average is $720.69. The company has a market cap of $95.55 billion, a P/E ratio of 32.57, a PEG ratio of 1.66 and a beta of 1.27. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.13 and a quick ratio of 1.48.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share for the quarter, beating analysts’ consensus estimates of $7.03 by $0.30. The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.75 billion. KLA had a return on equity of 105.16% and a net margin of 28.92%. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter last year, the company earned $5.74 earnings per share. Research analysts predict that KLA Co. will post 30.34 earnings per share for the current fiscal year.

KLA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were given a dividend of $1.70 per share. This is a boost from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 annualized dividend and a yield of 0.95%. The ex-dividend date was Monday, November 18th. KLA’s dividend payout ratio (DPR) is currently 31.05%.

Analyst Upgrades and Downgrades

KLAC has been the topic of a number of research reports. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $925.00 price objective on shares of KLA in a research note on Tuesday, October 8th. TD Cowen cut their target price on KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. The Goldman Sachs Group cut their target price on KLA from $850.00 to $759.00 and set a “buy” rating on the stock in a research report on Friday, January 10th. StockNews.com downgraded KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, Needham & Company LLC raised KLA from a “hold” rating to a “buy” rating and set a $750.00 target price on the stock in a research report on Monday, January 13th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $812.47.

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.