Edge Capital Group LLC Purchases 3,833 Shares of KLA Co. (NASDAQ:KLAC)

Edge Capital Group LLC raised its stake in KLA Co. (NASDAQ:KLAC) by 72.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,134 shares of the semiconductor company’s stock after acquiring an additional 3,833 shares during the quarter. Edge Capital Group LLC’s holdings in KLA were worth $5,756,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new stake in KLA in the 3rd quarter worth approximately $29,000. Groupama Asset Managment grew its holdings in KLA by 82.3% in the 3rd quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 2,038 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in KLA in the 3rd quarter worth $38,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in KLA in the 4th quarter worth $43,000. Finally, Ameliora Wealth Management Ltd. purchased a new stake in shares of KLA in the 4th quarter worth about $47,000. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on KLAC. Needham & Company LLC lifted their price target on shares of KLA from $800.00 to $830.00 and gave the company a “buy” rating in a research report on Friday, January 31st. UBS Group raised their price objective on shares of KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. Barclays lifted their price target on shares of KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Oppenheimer upgraded shares of KLA from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $750.00 to $850.00 in a research report on Thursday, October 31st. Finally, Wells Fargo & Company lifted their price target on shares of KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $831.68.

KLA Stock Down 3.0 %

KLAC stock opened at $754.30 on Monday. The company’s 50 day simple moving average is $708.55 and its 200-day simple moving average is $715.96. The firm has a market capitalization of $100.24 billion, a PE ratio of 31.72, a P/E/G ratio of 1.57 and a beta of 1.28. KLA Co. has a 12 month low of $609.40 and a 12 month 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.

KLA (NASDAQ:KLAC) last announced its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 earnings per share for the current fiscal year.

KLA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th will be paid a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Monday, February 24th. 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.