Sonora Investment Management Group LLC Acquires 368 Shares of KLA Co. (NASDAQ:KLAC)

Sonora Investment Management Group LLC raised its position in shares of KLA Co. (NASDAQ:KLAC) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,120 shares of the semiconductor company’s stock after buying an additional 368 shares during the period. KLA comprises 1.6% of Sonora Investment Management Group LLC’s portfolio, making the stock its 18th biggest position. Sonora Investment Management Group LLC’s holdings in KLA were worth $20,239,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Boomfish Wealth Group LLC increased its holdings in shares of KLA by 18.3% in the fourth quarter. Boomfish Wealth Group LLC now owns 3,787 shares of the semiconductor company’s stock worth $2,386,000 after acquiring an additional 585 shares in the last quarter. Cibc World Market Inc. increased its holdings in shares of KLA by 80.4% during the 4th quarter. Cibc World Market Inc. now owns 34,451 shares of the semiconductor company’s stock worth $21,708,000 after acquiring an additional 15,352 shares during the last quarter. Mediolanum International Funds Ltd grew its stake in KLA by 19.2% in the 4th quarter. Mediolanum International Funds Ltd now owns 48,102 shares of the semiconductor company’s stock valued at $30,404,000 after buying an additional 7,759 shares during the last quarter. Colton Groome Financial Advisors LLC increased its position in KLA by 2.6% during the 4th quarter. Colton Groome Financial Advisors LLC now owns 2,978 shares of the semiconductor company’s stock worth $1,876,000 after buying an additional 75 shares during the period. Finally, Capital Investment Advisory Services LLC boosted its holdings in KLA by 6.8% in the 4th quarter. Capital Investment Advisory Services LLC now owns 1,040 shares of the semiconductor company’s stock valued at $655,000 after purchasing an additional 66 shares during the period. Institutional investors and hedge funds own 86.65% of the company’s stock.

Wall Street Analysts Forecast Growth

KLAC has been the subject of a number of research analyst reports. Morgan Stanley lowered their price target on KLA from $746.00 to $703.00 and set an “equal weight” rating for the company in a report on Thursday, December 5th. Barclays lowered their price target on shares of KLA from $750.00 to $700.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Deutsche Bank Aktiengesellschaft cut their price target on KLA from $890.00 to $750.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. TD Cowen decreased their price objective on KLA from $760.00 to $725.00 and set a “hold” rating for the company in a report on Thursday, October 31st. Finally, StockNews.com downgraded KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Seven investment 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, KLA currently has an average rating of “Moderate Buy” and an average target price of $812.47.

KLA Stock Up 4.1 %

Shares of KLA stock opened at $742.43 on Friday. The firm’s 50 day moving average price is $671.76 and its 200-day moving average price is $718.50. The company has a market cap of $99.31 billion, a P/E ratio of 33.90, a PEG ratio of 1.54 and a beta of 1.27. The company has a quick ratio of 1.48, a current ratio of 2.13 and a debt-to-equity ratio of 1.65. KLA Co. has a 52-week low of $581.70 and a 52-week high of $896.32.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.73 by $0.47. KLA had a return on equity of 105.16% and a net margin of 28.92%. On average, sell-side analysts predict that KLA Co. will post 30.34 EPS 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 issued a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 0.92%. The ex-dividend date was Monday, November 18th. This is a positive change from KLA’s previous quarterly dividend of $1.45. KLA’s payout ratio is presently 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.