1,263 Shares in KLA Co. (NASDAQ:KLAC) Bought by SVB Wealth LLC

SVB Wealth LLC acquired a new stake in KLA Co. (NASDAQ:KLAC) during the 4th quarter, Holdings Channel reports. The fund acquired 1,263 shares of the semiconductor company’s stock, valued at approximately $796,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. State Street Corp boosted its stake in shares of KLA by 2.5% in the 3rd quarter. State Street Corp now owns 5,979,293 shares of the semiconductor company’s stock valued at $4,630,424,000 after purchasing an additional 145,317 shares in the last quarter. Mizuho Securities USA LLC lifted its stake in KLA by 32,828.8% in the 3rd quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock valued at $2,647,708,000 after purchasing an additional 3,408,617 shares during the last quarter. Geode Capital Management LLC boosted its position in KLA by 3.0% in the third quarter. Geode Capital Management LLC now owns 3,221,694 shares of the semiconductor company’s stock valued at $2,487,971,000 after buying an additional 93,743 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of KLA by 5.9% during the fourth quarter. Bank of New York Mellon Corp now owns 1,153,043 shares of the semiconductor company’s stock worth $726,555,000 after buying an additional 64,238 shares during the last quarter. Finally, Alkeon Capital Management LLC increased its holdings in shares of KLA by 5.5% during the third quarter. Alkeon Capital Management LLC now owns 945,835 shares of the semiconductor company’s stock worth $732,464,000 after buying an additional 49,470 shares in the last quarter. Institutional investors own 86.65% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on KLAC. Barclays raised their price objective on KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. 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. Needham & Company LLC upped their price objective on KLA from $800.00 to $830.00 and gave the company a “buy” rating in a research note on Friday, January 31st. UBS Group raised their price objective on shares of KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. Finally, Cantor Fitzgerald boosted their target price on shares of KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Seven investment 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 has an average rating of “Moderate Buy” and a consensus target price of $831.68.

KLA Stock Down 2.5 %

Shares of KLA stock opened at $691.15 on Tuesday. The stock’s 50-day moving average is $717.73 and its 200 day moving average is $713.28. KLA Co. has a one year low of $609.40 and a one year high of $896.32. The firm has a market cap of $91.84 billion, a price-to-earnings ratio of 29.06, a PEG ratio of 1.57 and a beta of 1.28. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63.

KLA (NASDAQ:KLAC) last posted its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) 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%. Equities research analysts anticipate that KLA Co. will post 31.59 EPS for the current year.

KLA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th will be paid a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 0.98%. The ex-dividend date is Monday, February 24th. KLA’s dividend payout ratio (DPR) 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.