KLA Co. (NASDAQ:KLAC) Shares Acquired by NewEdge Wealth LLC

NewEdge Wealth LLC increased its stake in shares of KLA Co. (NASDAQ:KLAC) by 7.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 78,121 shares of the semiconductor company’s stock after acquiring an additional 5,257 shares during the period. KLA makes up approximately 0.9% of NewEdge Wealth LLC’s holdings, making the stock its 23rd largest holding. NewEdge Wealth LLC owned about 0.06% of KLA worth $49,226,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KLAC. Swedbank AB boosted its holdings in KLA by 0.4% in the third quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock valued at $426,660,000 after purchasing an additional 2,019 shares during the last quarter. Patriot Financial Group Insurance Agency LLC boosted its stake in shares of KLA by 28.0% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 370 shares of the semiconductor company’s stock valued at $286,000 after buying an additional 81 shares during the last quarter. abrdn plc grew its position in shares of KLA by 18.0% during the third quarter. abrdn plc now owns 66,596 shares of the semiconductor company’s stock worth $51,318,000 after buying an additional 10,139 shares in the last quarter. Fidelis Capital Partners LLC increased its stake in shares of KLA by 46.8% in the third quarter. Fidelis Capital Partners LLC now owns 3,076 shares of the semiconductor company’s stock worth $2,382,000 after buying an additional 980 shares during the last quarter. Finally, Highview Capital Management LLC DE raised its holdings in KLA by 3.3% in the third quarter. Highview Capital Management LLC DE now owns 1,550 shares of the semiconductor company’s stock valued at $1,200,000 after acquiring an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on KLAC shares. Needham & Company LLC boosted their target price on shares of KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. The Goldman Sachs Group boosted their price objective on KLA from $759.00 to $864.00 and gave the company a “buy” rating in a report on Friday, January 31st. Oppenheimer raised KLA from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $750.00 to $850.00 in a report on Thursday, October 31st. Wells Fargo & Company boosted their price target on KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, Barclays raised their price objective on KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $831.68.

KLA Trading Up 1.9 %

Shares of KLAC stock opened at $738.52 on Thursday. KLA Co. has a 52-week low of $609.40 and a 52-week high of $896.32. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36. The stock has a market cap of $98.14 billion, a price-to-earnings ratio of 31.06, a P/E/G ratio of 1.57 and a beta of 1.28. The firm has a fifty day moving average of $713.74 and a 200-day moving average of $715.86.

KLA (NASDAQ:KLAC) last released its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, beating 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%. On average, equities research analysts forecast that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th will be paid a $1.70 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.92%. KLA’s dividend payout ratio (DPR) is presently 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.