First Affirmative Financial Network Has $264,000 Position in KLA Co. (NASDAQ:KLAC)

First Affirmative Financial Network raised its position in KLA Co. (NASDAQ:KLAC) by 27.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 419 shares of the semiconductor company’s stock after buying an additional 90 shares during the quarter. First Affirmative Financial Network’s holdings in KLA were worth $264,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Algert Global LLC bought a new stake in KLA during the second quarter worth $239,000. Quarry LP raised its holdings in shares of KLA by 556.3% during the 2nd quarter. Quarry LP now owns 105 shares of the semiconductor company’s stock worth $87,000 after buying an additional 89 shares in the last quarter. Advisory Alpha LLC bought a new stake in shares of KLA during the 2nd quarter worth $312,000. Cetera Investment Advisers boosted its stake in KLA by 5.0% in the second quarter. Cetera Investment Advisers now owns 27,178 shares of the semiconductor company’s stock valued at $22,409,000 after buying an additional 1,300 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in KLA in the second quarter valued at about $17,607,000. Institutional investors own 86.65% of the company’s stock.

KLA Stock Up 4.1 %

Shares of NASDAQ:KLAC opened at $742.43 on Friday. The firm has a market capitalization of $99.31 billion, a P/E ratio of 33.90, a P/E/G ratio of 1.66 and a beta of 1.27. 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 stock has a 50 day moving average price of $671.76 and a 200-day moving average price of $718.50. KLA Co. has a 52-week low of $581.70 and a 52-week high of $896.32.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, beating analysts’ consensus estimates of $7.73 by $0.47. KLA had a return on equity of 105.16% and a net margin of 28.92%. As a group, equities research analysts anticipate that KLA Co. will post 30.34 EPS for the current fiscal year.

KLA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were issued a $1.70 dividend. This is a boost from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date was Monday, November 18th. KLA’s dividend payout ratio (DPR) is currently 31.05%.

Wall Street Analyst Weigh In

KLAC has been the subject of a number of research analyst reports. The Goldman Sachs Group lowered their price objective on shares of KLA from $850.00 to $759.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Wells Fargo & Company lowered their price target on shares of KLA from $800.00 to $795.00 and set an “overweight” rating for the company in a report on Monday, January 13th. Morgan Stanley cut their price objective on KLA from $746.00 to $703.00 and set an “equal weight” rating on the stock in a report on Thursday, December 5th. UBS Group upped their target price on KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Finally, Barclays cut their price target on KLA from $750.00 to $700.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $812.47.

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.