Wealthfront Advisers LLC Has $20.92 Million Stock Holdings in KLA Co. (NASDAQ:KLAC)

Wealthfront Advisers LLC grew its position in KLA Co. (NASDAQ:KLAC) by 154.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 33,205 shares of the semiconductor company’s stock after acquiring an additional 20,136 shares during the period. Wealthfront Advisers LLC’s holdings in KLA were worth $20,923,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of KLAC. Hutchens & Kramer Investment Management Group LLC increased its holdings in KLA by 3.3% during the fourth quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company’s stock worth $259,000 after buying an additional 13 shares during the last quarter. Richardson Financial Services Inc. grew its holdings in KLA by 5.9% in the fourth quarter. Richardson Financial Services Inc. now owns 253 shares of the semiconductor company’s stock worth $160,000 after purchasing an additional 14 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of KLA by 6.5% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 246 shares of the semiconductor company’s stock worth $155,000 after buying an additional 15 shares in the last quarter. Catalyst Financial Partners LLC raised its holdings in shares of KLA by 2.0% during the fourth quarter. Catalyst Financial Partners LLC now owns 755 shares of the semiconductor company’s stock valued at $476,000 after purchasing an additional 15 shares during the last quarter. Finally, Citizens Financial Group Inc. RI grew its position in KLA by 2.8% during the third quarter. Citizens Financial Group Inc. RI now owns 582 shares of the semiconductor company’s stock valued at $451,000 after buying an additional 16 shares during the period. 86.65% of the stock is currently owned by institutional investors and hedge funds.

KLA Trading Down 2.1 %

NASDAQ:KLAC opened at $664.22 on Wednesday. KLA Co. has a 1-year low of $609.40 and a 1-year high of $896.32. The firm has a market capitalization of $88.27 billion, a price-to-earnings ratio of 27.93, a price-to-earnings-growth ratio of 1.57 and a beta of 1.30. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64. The stock has a fifty day simple moving average of $723.78 and a 200 day simple moving average of $708.11.

KLA (NASDAQ:KLAC) last released its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) 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%. Sell-side analysts forecast that KLA Co. will post 31.59 earnings per share for the current year.

KLA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were paid a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend was Monday, February 24th. KLA’s payout ratio is 28.60%.

Analysts Set New Price Targets

A number of research firms recently weighed in on KLAC. StockNews.com lowered shares of KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Wells Fargo & Company raised their target price on shares of KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Cantor Fitzgerald increased their price objective on KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a report on Friday, January 31st. The Goldman Sachs Group raised their price target on shares of KLA from $759.00 to $864.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Finally, Morgan Stanley increased their price objective on KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $831.68.

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.