McGuire Investment Group LLC Purchases 105 Shares of KLA Co. (NASDAQ:KLAC)

McGuire Investment Group LLC boosted its stake in KLA Co. (NASDAQ:KLAC) by 38.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 380 shares of the semiconductor company’s stock after buying an additional 105 shares during the quarter. McGuire Investment Group LLC’s holdings in KLA were worth $239,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in KLAC. XTX Topco Ltd purchased a new position in shares of KLA in the second quarter valued at $297,000. AE Wealth Management LLC purchased a new position in shares of KLA during the second quarter worth about $256,000. Point72 Hong Kong Ltd bought a new position in shares of KLA in the second quarter worth approximately $693,000. AlTi Global Inc. bought a new stake in KLA during the second quarter valued at approximately $285,000. Finally, APG Asset Management N.V. increased its holdings in shares of KLA by 12.1% in the 2nd quarter. APG Asset Management N.V. now owns 109,663 shares of the semiconductor company’s stock worth $84,365,000 after buying an additional 11,802 shares during the last quarter. 86.65% of the stock is owned by institutional investors.

KLA Price Performance

KLA stock opened at $749.82 on Friday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.48 and a current ratio of 2.13. The stock has a market capitalization of $100.30 billion, a P/E ratio of 34.24, a P/E/G ratio of 1.66 and a beta of 1.27. KLA Co. has a 1 year low of $581.70 and a 1 year high of $896.32. The company’s fifty day moving average price is $663.74 and its 200 day moving average price is $723.76.

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

KLA Increases Dividend

The business 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 is a boost from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend was Monday, November 18th. KLA’s payout ratio is currently 31.05%.

Analysts Set New Price Targets

Several brokerages recently issued reports on KLAC. Deutsche Bank Aktiengesellschaft cut their target price on shares of KLA from $890.00 to $750.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. The Goldman Sachs Group decreased their price objective on KLA from $850.00 to $759.00 and set a “buy” rating on the stock in a report on Friday, January 10th. Susquehanna upped their target price on KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a research note on Wednesday. UBS Group boosted their target price on KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Wells Fargo & Company cut their price objective on KLA from $800.00 to $795.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, KLA has an average rating of “Moderate Buy” and an average price target of $806.35.

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.