KLA Co. (NASDAQ:KLAC) Shares Purchased by 1834 Investment Advisors Co.

1834 Investment Advisors Co. boosted its stake in shares of KLA Co. (NASDAQ:KLAC) by 5.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,557 shares of the semiconductor company’s stock after purchasing an additional 81 shares during the period. 1834 Investment Advisors Co.’s holdings in KLA were worth $981,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. XTX Topco Ltd purchased a new stake in shares of KLA in the second quarter valued at approximately $297,000. AE Wealth Management LLC purchased a new stake in shares of KLA during the second quarter worth approximately $256,000. Maverick Capital Ltd. acquired a new stake in shares of KLA during the 2nd quarter worth about $1,130,000. Lighthouse Investment Partners LLC purchased a new stake in KLA in the second quarter valued at $508,000. Finally, Texas Capital Bank Wealth Management Services Inc increased its position in KLA by 0.5% during the second quarter. Texas Capital Bank Wealth Management Services Inc now owns 13,544 shares of the semiconductor company’s stock worth $11,167,000 after buying an additional 65 shares during the period. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KLAC has been the subject of a number of recent research reports. Needham & Company LLC raised KLA from a “hold” rating to a “buy” rating and set a $750.00 price objective for the company in a research report on Monday, January 13th. Oppenheimer upgraded shares of KLA from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $750.00 to $850.00 in a research report on Thursday, October 31st. The Goldman Sachs Group cut their price objective on shares of KLA from $850.00 to $759.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Barclays dropped their price target on shares of KLA from $750.00 to $700.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on KLA from $890.00 to $750.00 and set a “buy” rating on the stock in a research note 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $806.35.

KLA Stock Down 1.5 %

Shares of NASDAQ:KLAC opened at $749.82 on Friday. The company’s fifty day moving average is $666.45 and its two-hundred day moving average is $722.95. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.48 and a current ratio of 2.13. KLA Co. has a 1-year low of $581.70 and a 1-year high of $896.32. The stock has a market capitalization of $100.30 billion, a price-to-earnings ratio of 34.24, a price-to-earnings-growth ratio of 1.66 and a beta of 1.27.

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

KLA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th were paid a dividend of $1.70 per share. This is a boost from KLA’s previous quarterly dividend of $1.45. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.80 annualized dividend and a yield of 0.91%. KLA’s dividend payout ratio (DPR) is presently 31.05%.

KLA 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.