1,089 Shares in KLA Co. (NASDAQ:KLAC) Purchased by Brophy Wealth Management LLC

Brophy Wealth Management LLC acquired a new position in KLA Co. (NASDAQ:KLAC - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,089 shares of the semiconductor company's stock, valued at approximately $843,000.

Other large investors have also bought and sold shares of the company. Family Firm Inc. bought a new position in KLA during the 2nd quarter valued at approximately $30,000. Legacy Investment Solutions LLC purchased a new stake in KLA in the 3rd quarter worth approximately $29,000. Capital Performance Advisors LLP purchased a new position in shares of KLA in the third quarter valued at about $38,000. 1620 Investment Advisors Inc. purchased a new stake in shares of KLA during the second quarter worth about $44,000. Finally, FSA Wealth Management LLC bought a new position in KLA in the 3rd quarter worth approximately $53,000. 86.65% of the stock is owned by institutional investors.

KLA Stock Performance

KLAC stock traded up $4.03 during midday trading on Tuesday, reaching $652.37. The stock had a trading volume of 1,093,342 shares, compared to its average volume of 977,482. The firm has a fifty day simple moving average of $684.86 and a two-hundred day simple moving average of $753.35. KLA Co. has a 52-week low of $542.41 and a 52-week high of $896.32. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.48 and a current ratio of 2.13. The stock has a market cap of $87.26 billion, a PE ratio of 29.79, a P/E/G ratio of 1.38 and a beta of 1.28.

KLA (NASDAQ:KLAC - Get Free Report) last released its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 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 business 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 company earned $5.74 earnings per share. The company's quarterly revenue was up 18.5% on a year-over-year basis. As a group, equities research analysts anticipate that KLA Co. will post 30.61 EPS for the current year.

KLA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th were issued a dividend of $1.70 per share. This is a boost from KLA's previous quarterly dividend of $1.45. This represents a $6.80 annualized dividend and a dividend yield of 1.04%. The ex-dividend date was Monday, November 18th. KLA's payout ratio is currently 31.05%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Citigroup cut their price target on KLA from $960.00 to $900.00 and set a "buy" rating for the company in a report on Monday, September 16th. Oppenheimer upgraded shares of KLA from a "market perform" rating to an "outperform" rating and upped their target price for the company from $750.00 to $850.00 in a research report on Thursday, October 31st. Morgan Stanley dropped their price target on shares of KLA from $746.00 to $703.00 and set an "equal weight" rating for the company in a research note on Thursday, December 5th. StockNews.com downgraded KLA from a "buy" rating to a "hold" rating in a research report on Wednesday, November 27th. Finally, TD Cowen lowered their price objective on shares of KLA from $760.00 to $725.00 and set a "hold" rating for the company in a research report on Thursday, October 31st. Eight investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $812.30.

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.