Haven Private LLC Makes New Investment in KLA Co. (NASDAQ:KLAC)

Haven Private LLC purchased a new stake in shares of KLA Co. (NASDAQ:KLAC) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 1,895 shares of the semiconductor company’s stock, valued at approximately $1,194,000.

Several other institutional investors have also recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new stake in KLA during the third quarter valued at approximately $29,000. Capital Performance Advisors LLP purchased a new stake in shares of KLA during the 3rd quarter valued at $38,000. Kohmann Bosshard Financial Services LLC purchased a new position in KLA in the fourth quarter worth $32,000. FSA Wealth Management LLC purchased a new position in KLA in the third quarter worth $53,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in KLA during the fourth quarter valued at about $43,000. Institutional investors own 86.65% of the company’s stock.

KLA Price Performance

KLAC stock opened at $692.13 on Friday. The company has a fifty day simple moving average of $720.88 and a two-hundred day simple moving average of $712.31. 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 firm has a market capitalization of $91.98 billion, a P/E ratio of 29.11, a price-to-earnings-growth ratio of 1.57 and a beta of 1.28. KLA Co. has a 52 week low of $609.40 and a 52 week high of $896.32.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, topping 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%. Analysts anticipate that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Monday, February 24th were paid a dividend of $1.70 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.98%. KLA’s dividend payout ratio is presently 28.60%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Stifel Nicolaus increased their price objective on KLA from $800.00 to $825.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Susquehanna lifted their price target on shares of KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. The Goldman Sachs Group upped their price objective on shares of KLA from $759.00 to $864.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Cantor Fitzgerald raised their price objective on KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Finally, Needham & Company LLC boosted their price target on shares of KLA from $800.00 to $830.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, KLA presently has a consensus 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.