Paragon Private Wealth Management LLC Raises Holdings in KLA Co. (NASDAQ:KLAC)

Paragon Private Wealth Management LLC increased its holdings in KLA Co. (NASDAQ:KLAC) by 10.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,444 shares of the semiconductor company’s stock after acquiring an additional 138 shares during the period. Paragon Private Wealth Management LLC’s holdings in KLA were worth $910,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Hutchens & Kramer Investment Management Group LLC boosted its position in shares of 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 period. Richardson Financial Services Inc. boosted its position in shares of KLA by 5.9% during the fourth quarter. Richardson Financial Services Inc. now owns 253 shares of the semiconductor company’s stock worth $160,000 after buying an additional 14 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of KLA by 6.5% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 246 shares of the semiconductor company’s stock worth $155,000 after buying an additional 15 shares during the period. Catalyst Financial Partners LLC boosted its position in shares of KLA by 2.0% during the fourth quarter. Catalyst Financial Partners LLC now owns 755 shares of the semiconductor company’s stock worth $476,000 after buying an additional 15 shares during the period. Finally, Citizens Financial Group Inc. RI boosted its position in shares of KLA by 2.8% during the third quarter. Citizens Financial Group Inc. RI now owns 582 shares of the semiconductor company’s stock worth $451,000 after buying an additional 16 shares during the period. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft increased their price objective on KLA from $725.00 to $850.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Morgan Stanley increased their price objective on KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. UBS Group increased their price objective on KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. The Goldman Sachs Group increased their price objective on KLA from $759.00 to $864.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Finally, Barclays increased their price objective on KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Seven research 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, KLA presently has an average rating of “Moderate Buy” and an average price target of $831.68.

KLA Stock Performance

Shares of KLAC opened at $711.29 on Monday. The company’s fifty day moving average is $722.21 and its 200-day moving average is $710.04. KLA Co. has a 12 month low of $609.40 and a 12 month high of $896.32. The firm has a market cap of $94.52 billion, a price-to-earnings ratio of 29.91, a price-to-earnings-growth ratio of 1.57 and a beta of 1.30. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64.

KLA (NASDAQ:KLAC) last announced its quarterly 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 net margin of 29.58% and a return on equity of 108.60%. Equities analysts expect that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were given a $1.70 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $6.80 annualized dividend and a yield of 0.96%. KLA’s dividend payout ratio is 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.