325 Shares in KLA Co. (NASDAQ:KLAC) Acquired by BXM Wealth LLC

BXM Wealth LLC acquired a new stake in shares of KLA Co. (NASDAQ:KLAC) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 325 shares of the semiconductor company’s stock, valued at approximately $205,000.

Other hedge funds have also recently modified their holdings of the company. State Street Corp increased its holdings in KLA by 2.5% in the 3rd quarter. State Street Corp now owns 5,979,293 shares of the semiconductor company’s stock valued at $4,630,424,000 after acquiring an additional 145,317 shares during the last quarter. Mizuho Securities USA LLC grew its position in shares of KLA by 32,828.8% during the third quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock valued at $2,647,708,000 after purchasing an additional 3,408,617 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of KLA by 3.0% in the third quarter. Geode Capital Management LLC now owns 3,221,694 shares of the semiconductor company’s stock worth $2,487,971,000 after purchasing an additional 93,743 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of KLA by 25.7% in the third quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock worth $1,083,684,000 after buying an additional 286,015 shares in the last quarter. Finally, Alkeon Capital Management LLC boosted its stake in KLA by 5.5% during the third quarter. Alkeon Capital Management LLC now owns 945,835 shares of the semiconductor company’s stock valued at $732,464,000 after buying an additional 49,470 shares during the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Analysts Set New Price Targets

KLAC has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft lifted their price objective on KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Morgan Stanley upped their price target on shares of KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. UBS Group increased their price objective on shares of KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. The Goldman Sachs Group boosted their target price on shares of KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, StockNews.com downgraded shares of KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $831.68.

KLA Trading Down 1.8 %

NASDAQ:KLAC opened at $750.74 on Friday. The firm has a 50-day simple moving average of $695.06 and a 200-day simple moving average of $715.48. KLA Co. has a one year low of $609.40 and a one year high of $896.32. The firm has a market cap of $99.77 billion, a P/E ratio of 31.57, a P/E/G ratio of 1.54 and a beta of 1.28. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 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 anticipate that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th will be issued a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Monday, February 24th. KLA’s dividend payout ratio is currently 28.60%.

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.