Allen Capital Group LLC Purchases New Shares in KLA Co. (NASDAQ:KLAC)

Allen Capital Group LLC acquired a new stake in shares of KLA Co. (NASDAQ:KLAC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,383 shares of the semiconductor company's stock, valued at approximately $2,132,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Legacy Investment Solutions LLC bought a new stake in shares of KLA during the third quarter valued at approximately $29,000. Groupama Asset Managment boosted its stake in shares of KLA by 82.3% during the 3rd quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company's stock worth $35,000 after acquiring an additional 2,038 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in KLA in the 3rd quarter valued at $38,000. FSA Wealth Management LLC acquired a new position in shares of KLA during the 3rd quarter valued at about $53,000. Finally, Peterson Financial Group Inc. acquired a new position in shares of KLA in the 3rd quarter worth approximately $56,000. Hedge funds and other institutional investors own 86.65% of the company's stock.

Wall Street Analysts Forecast Growth

KLAC has been the topic of a number of recent analyst reports. Susquehanna increased their target price on shares of KLA from $620.00 to $655.00 and gave the company a "neutral" rating in a research report on Wednesday, January 22nd. Cantor Fitzgerald restated a "neutral" rating and issued a $925.00 target price on shares of KLA in a research note on Tuesday, October 8th. Wells Fargo & Company decreased their price target on KLA from $800.00 to $795.00 and set an "overweight" rating for the company in a research note on Monday, January 13th. Morgan Stanley dropped their price objective on shares of KLA from $746.00 to $703.00 and set an "equal weight" rating on the stock in a research note on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on KLA from $890.00 to $750.00 and set a "buy" rating on the stock in a report on Thursday, October 31st. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $812.47.

KLA Stock Performance

Shares of KLA stock traded up $10.05 on Wednesday, hitting $712.97. The stock had a trading volume of 727,469 shares, compared to its average volume of 1,267,999. The stock has a market cap of $95.37 billion, a price-to-earnings ratio of 32.56, a P/E/G ratio of 1.66 and a beta of 1.27. KLA Co. has a 52-week low of $581.70 and a 52-week high of $896.32. The company's 50 day moving average price is $669.84 and its 200 day moving average price is $718.54. The company has a current ratio of 2.13, a quick ratio of 1.48 and a debt-to-equity ratio of 1.65.

KLA (NASDAQ:KLAC - Get Free Report) last announced its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.03 by $0.30. KLA had a net margin of 28.92% and a return on equity of 105.16%. The company had revenue of $2.84 billion during the quarter, compared to analysts' expectations of $2.75 billion. During the same quarter in the previous year, the business posted $5.74 earnings per share. The firm's quarterly revenue was up 18.5% compared to the same quarter last year. On average, research analysts anticipate that KLA Co. will post 30.34 EPS for the current year.

KLA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were paid a dividend of $1.70 per share. The ex-dividend date was Monday, November 18th. This is a boost from KLA's previous quarterly dividend of $1.45. This represents a $6.80 annualized dividend and a yield of 0.95%. KLA's dividend payout ratio (DPR) is 31.05%.

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.