Crestwood Advisors Group LLC Acquires 1,224 Shares of KLA Co. (NASDAQ:KLAC)

Crestwood Advisors Group LLC lifted its holdings in shares of KLA Co. (NASDAQ:KLAC) by 2.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,880 shares of the semiconductor company’s stock after purchasing an additional 1,224 shares during the quarter. Crestwood Advisors Group LLC’s holdings in KLA were worth $33,320,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Swedbank AB increased its position in shares of KLA by 0.4% in 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 period. Private Advisor Group LLC increased its holdings in KLA by 0.5% in the 3rd quarter. Private Advisor Group LLC now owns 5,750 shares of the semiconductor company’s stock valued at $4,453,000 after buying an additional 28 shares during the period. Outlook Wealth Advisors LLC increased its holdings in KLA by 6.5% in the 3rd quarter. Outlook Wealth Advisors LLC now owns 456 shares of the semiconductor company’s stock valued at $353,000 after buying an additional 28 shares during the period. DekaBank Deutsche Girozentrale increased its holdings in KLA by 7.8% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 317,420 shares of the semiconductor company’s stock valued at $246,447,000 after buying an additional 23,029 shares during the period. Finally, Frank Rimerman Advisors LLC increased its holdings in KLA by 53.4% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 2,355 shares of the semiconductor company’s stock valued at $1,824,000 after buying an additional 820 shares during the period. Institutional investors own 86.65% of the company’s stock.

KLA Trading Down 3.0 %

NASDAQ KLAC opened at $754.30 on Monday. The business’s 50-day moving average price is $708.55 and its two-hundred day moving average price is $715.96. KLA Co. has a 12 month low of $609.40 and a 12 month high of $896.32. The firm has a market capitalization of $100.24 billion, a PE ratio of 31.72, a price-to-earnings-growth ratio of 1.57 and a beta of 1.28. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64.

KLA (NASDAQ:KLAC) last announced its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, beating the consensus estimate 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 expect that KLA Co. will post 31.59 EPS for the current year.

KLA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th will be given a dividend of $1.70 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a yield of 0.90%. KLA’s dividend payout ratio (DPR) is currently 28.60%.

Analyst Upgrades and Downgrades

KLAC has been the topic of a number of recent analyst reports. Morgan Stanley lifted their price objective 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. Stifel Nicolaus lifted their price target on KLA from $800.00 to $825.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Susquehanna lifted their price target on KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Oppenheimer upgraded KLA from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $750.00 to $850.00 in a research note on Thursday, October 31st. Finally, UBS Group lifted their target price on KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $831.68.

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.