Haverford Trust Co Has $1.37 Million Stake in KLA Co. (NASDAQ:KLAC)

Haverford Trust Co lifted its holdings in shares of KLA Co. (NASDAQ:KLAC) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,172 shares of the semiconductor company’s stock after purchasing an additional 61 shares during the quarter. Haverford Trust Co’s holdings in KLA were worth $1,369,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of KLAC. Parnassus Investments LLC lifted its stake in KLA by 381.3% in the 4th quarter. Parnassus Investments LLC now owns 733,328 shares of the semiconductor company’s stock valued at $462,085,000 after acquiring an additional 580,967 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in shares of KLA by 114,444.5% in the fourth quarter. Proficio Capital Partners LLC now owns 342,488 shares of the semiconductor company’s stock valued at $215,809,000 after purchasing an additional 342,189 shares during the last quarter. Two Sigma Advisers LP lifted its position in shares of KLA by 10,766.7% in the third quarter. Two Sigma Advisers LP now owns 228,200 shares of the semiconductor company’s stock worth $176,720,000 after purchasing an additional 226,100 shares in the last quarter. Raymond James Financial Inc. acquired a new position in KLA during the fourth quarter worth $142,221,000. Finally, Assenagon Asset Management S.A. grew its position in KLA by 84.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 441,053 shares of the semiconductor company’s stock valued at $277,916,000 after purchasing an additional 201,649 shares in the last quarter. Institutional investors own 86.65% of the company’s stock.

KLA Trading Up 3.0 %

Shares of NASDAQ:KLAC opened at $727.73 on Tuesday. The business’s 50 day simple moving average is $730.26 and its 200 day simple moving average is $703.24. KLA Co. has a 1 year low of $609.40 and a 1 year high of $896.32. 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 company has a market capitalization of $96.71 billion, a P/E ratio of 30.60, a P/E/G ratio of 1.57 and a beta of 1.30.

KLA (NASDAQ:KLAC) last released its earnings results 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 108.60% and a net margin of 29.58%. On average, research analysts anticipate that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Monday, February 24th were paid a $1.70 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a yield of 0.93%. KLA’s dividend payout ratio (DPR) is 28.60%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Morgan Stanley raised their price target on KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. Needham & Company LLC raised their target price on shares of KLA from $800.00 to $830.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Cantor Fitzgerald upped their price target on shares of KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. The Goldman Sachs Group boosted their price objective on shares of KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Finally, Barclays raised their target price on shares of KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $830.67.

About KLA

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.