Allworth Financial LP Has $5.74 Million Position in KLA Co. (NASDAQ:KLAC)

Allworth Financial LP lifted its position in shares of KLA Co. (NASDAQ:KLAC) by 5.6% during the 4th quarter, Holdings Channel reports. The firm owned 9,116 shares of the semiconductor company’s stock after purchasing an additional 485 shares during the quarter. Allworth Financial LP’s holdings in KLA were worth $5,744,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of KLAC. Hutchens & Kramer Investment Management Group LLC increased its position in KLA by 3.3% during the fourth quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company’s stock worth $259,000 after buying an additional 13 shares during the last quarter. Richardson Financial Services Inc. boosted its stake in shares of KLA by 5.9% during the 4th quarter. Richardson Financial Services Inc. now owns 253 shares of the semiconductor company’s stock worth $160,000 after acquiring an additional 14 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its stake in KLA by 6.5% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 246 shares of the semiconductor company’s stock valued at $155,000 after acquiring an additional 15 shares during the period. Catalyst Financial Partners LLC lifted its holdings in KLA by 2.0% during the 4th quarter. Catalyst Financial Partners LLC now owns 755 shares of the semiconductor company’s stock valued at $476,000 after purchasing an additional 15 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its position in 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 purchasing an additional 16 shares during the period. 86.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on KLAC. Cantor Fitzgerald increased their price objective on shares of KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Susquehanna raised their price objective on shares of KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Oppenheimer raised KLA from a “market perform” rating to an “outperform” rating and upped their target price for the company from $750.00 to $850.00 in a research report on Thursday, October 31st. Needham & Company LLC lifted their price target on KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, Barclays upped their price objective on KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $831.68.

KLA Trading Down 1.8 %

Shares of KLAC opened at $750.74 on Monday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36. KLA Co. has a 52-week low of $609.40 and a 52-week high of $896.32. The firm has a market cap of $99.77 billion, a price-to-earnings ratio of 31.57, a PEG ratio of 1.54 and a beta of 1.28. The business’s fifty day moving average is $697.11 and its 200-day moving average is $714.99.

KLA (NASDAQ:KLAC) last issued its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, topping the consensus estimate of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. Equities analysts anticipate that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th will be given a $1.70 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a yield of 0.91%. KLA’s dividend payout ratio is currently 28.60%.

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.