Journey Strategic Wealth LLC Increases Stock Position in KLA Co. (NASDAQ:KLAC)

Journey Strategic Wealth LLC raised its position in KLA Co. (NASDAQ:KLAC) by 76.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,082 shares of the semiconductor company’s stock after acquiring an additional 469 shares during the quarter. Journey Strategic Wealth LLC’s holdings in KLA were worth $682,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Swedbank AB raised its position in KLA by 0.4% during the 3rd quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock valued at $426,660,000 after purchasing an additional 2,019 shares during the last quarter. Diversify Advisory Services LLC increased its stake in shares of KLA by 22.7% during the fourth quarter. Diversify Advisory Services LLC now owns 648 shares of the semiconductor company’s stock valued at $443,000 after buying an additional 120 shares during the period. Community Financial Services Group LLC raised its holdings in shares of KLA by 538.5% during the third quarter. Community Financial Services Group LLC now owns 7,445 shares of the semiconductor company’s stock valued at $5,765,000 after acquiring an additional 6,279 shares in the last quarter. Eastern Bank boosted its holdings in KLA by 655.8% in the third quarter. Eastern Bank now owns 27,368 shares of the semiconductor company’s stock valued at $21,194,000 after acquiring an additional 23,747 shares in the last quarter. Finally, ING Groep NV increased its position in KLA by 52.4% during the 3rd quarter. ING Groep NV now owns 79,763 shares of the semiconductor company’s stock valued at $61,769,000 after purchasing an additional 27,436 shares during the period. 86.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Susquehanna lifted their target price on shares of KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Cantor Fitzgerald upped their target price on KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a report on Friday. Oppenheimer upgraded KLA from a “market perform” rating to an “outperform” rating and raised their target price for the company from $750.00 to $850.00 in a research note on Thursday, October 31st. Needham & Company LLC upped their price target on KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a research note on Friday. Finally, TD Cowen lowered their price objective on KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $829.32.

KLA Trading Down 0.6 %

NASDAQ:KLAC opened at $738.24 on Monday. The stock has a market cap of $98.75 billion, a price-to-earnings ratio of 33.71, 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. The company’s 50 day moving average price is $675.96 and its 200-day moving average price is $716.79. KLA Co. has a 52 week low of $581.70 and a 52 week high of $896.32.

KLA (NASDAQ:KLAC) last posted its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, topping 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%. On average, equities research analysts forecast that KLA Co. will post 30.34 earnings per share for the current fiscal year.

KLA Increases Dividend

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