KLA Co. (NASDAQ:KLAC) Shares Purchased by Gallacher Capital Management LLC

Gallacher Capital Management LLC grew its position in KLA Co. (NASDAQ:KLAC) by 3.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 912 shares of the semiconductor company’s stock after purchasing an additional 34 shares during the period. Gallacher Capital Management LLC’s holdings in KLA were worth $575,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Swedbank AB increased its stake 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 acquiring an additional 2,019 shares during the period. Diversify Advisory Services LLC grew its position in KLA by 22.7% during the 4th quarter. Diversify Advisory Services LLC now owns 648 shares of the semiconductor company’s stock worth $443,000 after purchasing an additional 120 shares during the period. Daiwa Securities Group Inc. grew its position in KLA by 14.1% during the 3rd quarter. Daiwa Securities Group Inc. now owns 33,215 shares of the semiconductor company’s stock worth $25,722,000 after purchasing an additional 4,112 shares during the period. Hennion & Walsh Asset Management Inc. grew its holdings in KLA by 27.6% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 9,778 shares of the semiconductor company’s stock worth $6,161,000 after acquiring an additional 2,112 shares during the period. Finally, Milestone Asset Management LLC acquired a new stake in KLA during the fourth quarter worth about $1,563,000. 86.65% of the stock is owned by institutional investors and hedge funds.

KLA Stock Performance

KLAC opened at $713.00 on Friday. The firm has a market capitalization of $94.75 billion, a PE ratio of 29.98, a PEG ratio of 1.57 and a beta of 1.30. The firm’s 50-day moving average price is $726.81 and its 200 day moving average price is $706.39. KLA Co. has a twelve month low of $609.40 and a twelve month high of $896.32. 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 released its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, topping 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%. As a group, sell-side analysts expect that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th were given a dividend of $1.70 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $6.80 annualized dividend and a dividend yield of 0.95%. KLA’s payout ratio is 28.60%.

Wall Street Analysts Forecast Growth

KLAC has been the topic of several analyst reports. Needham & Company LLC raised their target price on KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Wells Fargo & Company raised their price target on shares of KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Barclays raised their price target on shares of KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Morgan Stanley raised their price target on shares of KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a research report on Monday, February 3rd. Finally, Cantor Fitzgerald raised their target price on KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $830.67.

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.