Flagship Wealth Advisors LLC Makes New Investment in KLA Co. (NASDAQ:KLAC)

Flagship Wealth Advisors LLC bought a new position in shares of KLA Co. (NASDAQ:KLAC) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 166 shares of the semiconductor company’s stock, valued at approximately $105,000.

A number of other large investors also recently modified their holdings of KLAC. Legacy Investment Solutions LLC bought a new position in shares of KLA in the 3rd quarter valued at $29,000. Tortoise Investment Management LLC lifted its stake in shares of KLA by 300.0% in the 4th quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 36 shares during the last quarter. TCTC Holdings LLC bought a new position in shares of KLA in the 4th quarter valued at $31,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of KLA in the 4th quarter valued at $32,000. Finally, Groupama Asset Managment lifted its stake in shares of KLA by 82.3% in the 3rd quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 2,038 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

KLAC has been the subject of several analyst reports. The Goldman Sachs Group raised their target price on KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Cantor Fitzgerald raised their target price on KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Needham & Company LLC raised their target price on KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Wells Fargo & Company raised their target price on KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, Morgan Stanley raised their target price on KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a research report on Monday, February 3rd. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $830.67.

KLA Stock Performance

Shares of KLAC opened at $718.29 on Tuesday. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63. The stock has a 50-day moving average of $727.37 and a 200-day moving average of $705.16. The company has a market cap of $95.45 billion, a PE ratio of 30.21, a P/E/G ratio of 1.57 and a beta of 1.30. KLA Co. has a one year low of $609.40 and a one year high of $896.32.

KLA (NASDAQ:KLAC) last issued its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, beating 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%. On average, equities research analysts predict that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th were paid a $1.70 dividend. The ex-dividend date was Monday, February 24th. This represents a $6.80 annualized dividend and a dividend yield of 0.95%. KLA’s dividend payout ratio is presently 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.