Legacy Capital Wealth Partners LLC Raises Holdings in KLA Co. (NASDAQ:KLAC)

Legacy Capital Wealth Partners LLC grew its position in shares of KLA Co. (NASDAQ:KLAC) by 54.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 511 shares of the semiconductor company’s stock after purchasing an additional 180 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in KLA were worth $322,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in KLAC. Creative Planning grew its holdings in shares of KLA by 16.1% during the third quarter. Creative Planning now owns 39,771 shares of the semiconductor company’s stock worth $29,796,000 after purchasing an additional 5,519 shares during the last quarter. Swedbank AB grew its holdings in shares of KLA by 0.4% during the third quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock worth $426,660,000 after purchasing an additional 2,019 shares during the last quarter. Global Retirement Partners LLC grew its holdings in shares of KLA by 25.6% during the third quarter. Global Retirement Partners LLC now owns 692 shares of the semiconductor company’s stock worth $536,000 after purchasing an additional 141 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of KLA by 104.5% during the third quarter. Blue Trust Inc. now owns 2,098 shares of the semiconductor company’s stock worth $1,730,000 after purchasing an additional 1,072 shares during the last quarter. Finally, Capital Investment Advisors LLC grew its holdings in shares of KLA by 9.1% during the third quarter. Capital Investment Advisors LLC now owns 735 shares of the semiconductor company’s stock worth $569,000 after buying an additional 61 shares during the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on KLAC shares. The Goldman Sachs Group upped their price objective on KLA from $759.00 to $864.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Morgan Stanley increased their price target on KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a report on Monday, February 3rd. TD Cowen decreased their price target on KLA from $760.00 to $725.00 and set a “hold” rating for the company in a report on Thursday, October 31st. Oppenheimer raised KLA from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $750.00 to $850.00 in a report on Thursday, October 31st. Finally, Barclays increased their price target on KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $831.68.

KLA Trading Down 1.8 %

Shares of KLAC stock opened at $750.74 on Monday. KLA Co. has a fifty-two week low of $609.40 and a fifty-two week high of $896.32. The stock 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 business has a fifty day simple moving average of $697.11 and a 200-day simple moving average of $714.99. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64.

KLA (NASDAQ:KLAC) last announced its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, beating analysts’ consensus estimates of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. On average, analysts forecast that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Announces Dividend

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 given 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%.

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.