Bensler LLC Buys 649 Shares of KLA Co. (NASDAQ:KLAC)

Bensler LLC boosted its position in KLA Co. (NASDAQ:KLAC - Free Report) by 3.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,958 shares of the semiconductor company's stock after buying an additional 649 shares during the quarter. KLA makes up about 1.4% of Bensler LLC's holdings, making the stock its 23rd biggest position. Bensler LLC's holdings in KLA were worth $11,946,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new position in KLA during the third quarter valued at about $29,000. Groupama Asset Managment raised its stake in shares of KLA by 82.3% in the third quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company's stock valued at $35,000 after purchasing an additional 2,038 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in KLA during the third quarter worth $38,000. FSA Wealth Management LLC acquired a new position in shares of KLA in the 3rd quarter valued at $53,000. Finally, Peterson Financial Group Inc. acquired a new stake in shares of KLA during the 3rd quarter valued at about $56,000. 86.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

KLAC has been the topic of a number of recent research reports. Wells Fargo & Company decreased their price objective on KLA from $800.00 to $795.00 and set an "overweight" rating on the stock in a report on Monday, January 13th. Cantor Fitzgerald reiterated a "neutral" rating and issued a $925.00 price target on shares of KLA in a research report on Tuesday, October 8th. Oppenheimer raised KLA from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $750.00 to $850.00 in a report on Thursday, October 31st. Susquehanna upped their target price on shares of KLA from $620.00 to $655.00 and gave the stock a "neutral" rating in a report on Wednesday, January 22nd. Finally, Needham & Company LLC raised shares of KLA from a "hold" rating to a "buy" rating and set a $750.00 price target for the company in a report on Monday, January 13th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, KLA presently has an average rating of "Moderate Buy" and an average target price of $812.47.

KLA Trading Up 0.0 %

NASDAQ KLAC traded up $0.21 during trading on Tuesday, reaching $702.92. 1,387,055 shares of the stock traded hands, compared to its average volume of 1,299,788. The stock's 50-day moving average price is $668.09 and its 200 day moving average price is $719.63. The company has a quick ratio of 1.48, a current ratio of 2.13 and a debt-to-equity ratio of 1.65. The firm has a market cap of $94.02 billion, a price-to-earnings ratio of 32.10, a price-to-earnings-growth ratio of 1.66 and a beta of 1.27. KLA Co. has a fifty-two week low of $581.70 and a fifty-two week high of $896.32.

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

KLA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th were issued a dividend of $1.70 per share. This is an increase from KLA's previous quarterly dividend of $1.45. This represents a $6.80 annualized dividend and a yield of 0.97%. The ex-dividend date was Monday, November 18th. KLA's dividend payout ratio (DPR) is 31.05%.

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.