Lifestyle Asset Management Inc. Buys 31 Shares of KLA Co. (NASDAQ:KLAC)

Lifestyle Asset Management Inc. boosted its position in KLA Co. (NASDAQ:KLAC) by 8.7% during the fourth quarter, Holdings Channel reports. The fund owned 386 shares of the semiconductor company’s stock after acquiring an additional 31 shares during the period. Lifestyle Asset Management Inc.’s holdings in KLA were worth $243,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in KLAC. Legacy Investment Solutions LLC purchased a new position in shares of KLA during the 3rd quarter valued at about $29,000. Groupama Asset Managment grew its position in KLA by 82.3% during the third 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. Capital Performance Advisors LLP purchased a new position in shares of KLA during the third quarter worth approximately $38,000. FSA Wealth Management LLC bought a new stake in shares of KLA in the 3rd quarter worth approximately $53,000. Finally, Peterson Financial Group Inc. purchased a new stake in shares of KLA in the 3rd quarter valued at $56,000. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Trading Down 1.4 %

KLAC opened at $760.95 on Friday. The stock has a market cap of $101.78 billion, a PE ratio of 34.75, a PEG ratio of 1.66 and a beta of 1.27. The business has a 50 day moving average of $661.42 and a 200-day moving average of $723.50. KLA Co. has a 52 week low of $581.70 and a 52 week high of $896.32. The company has a quick ratio of 1.48, a current ratio of 2.13 and a debt-to-equity ratio of 1.65.

KLA (NASDAQ:KLAC) last announced its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, beating analysts’ consensus estimates of $7.03 by $0.30. The firm had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.75 billion. KLA had a net margin of 28.92% and a return on equity of 105.16%. The company’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.74 EPS. Equities research analysts predict that KLA Co. will post 30.34 earnings per share for the current fiscal year.

KLA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th were issued a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a dividend yield of 0.89%. This is a positive change from KLA’s previous quarterly dividend of $1.45. The ex-dividend date was Monday, November 18th. KLA’s dividend payout ratio (DPR) is presently 31.05%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on KLAC shares. Barclays decreased their target price on shares of KLA from $750.00 to $700.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Deutsche Bank Aktiengesellschaft dropped their target price on KLA from $890.00 to $750.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Needham & Company LLC raised KLA from a “hold” rating to a “buy” rating and set a $750.00 price target on the stock in a research note on Monday, January 13th. Wells Fargo & Company dropped their price objective on KLA from $800.00 to $795.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Finally, Oppenheimer upgraded shares of KLA from a “market perform” rating to an “outperform” rating and upped their price target for the company from $750.00 to $850.00 in a report on Thursday, October 31st. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $806.35.

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.