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Fiduciary Alliance LLC Invests $1.19 Million in KLA Co. (NASDAQ:KLAC)

KLA logo with Computer and Technology background

Fiduciary Alliance LLC purchased a new position 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. The fund purchased 1,889 shares of the semiconductor company's stock, valued at approximately $1,190,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Federated Hermes Inc. lifted its stake in shares of KLA by 7.0% during the 2nd quarter. Federated Hermes Inc. now owns 7,455 shares of the semiconductor company's stock worth $6,147,000 after purchasing an additional 488 shares during the period. Parallel Advisors LLC boosted its stake in KLA by 6.1% in the 2nd quarter. Parallel Advisors LLC now owns 2,015 shares of the semiconductor company's stock worth $1,661,000 after buying an additional 116 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in KLA by 1.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,811,766 shares of the semiconductor company's stock valued at $2,318,329,000 after buying an additional 28,172 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of KLA by 8.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 691,039 shares of the semiconductor company's stock valued at $569,758,000 after acquiring an additional 56,109 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. purchased a new position in shares of KLA during the 2nd quarter worth about $794,000. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on KLAC shares. Wells Fargo & Company lowered their target price on shares of KLA from $800.00 to $795.00 and set an "overweight" rating for the company in a report on Monday. The Goldman Sachs Group dropped their price objective on KLA from $850.00 to $759.00 and set a "buy" rating for the company in a report on Friday. Barclays decreased their target price on KLA from $800.00 to $750.00 and set an "equal weight" rating for the company in a report on Thursday, October 31st. Oppenheimer upgraded shares of KLA from a "market perform" rating to an "outperform" rating and raised their price target for the company from $750.00 to $850.00 in a report on Thursday, October 31st. Finally, Susquehanna dropped their price objective on shares of KLA from $680.00 to $675.00 and set a "neutral" rating for the company in a research report on Friday, October 11th. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $809.10.

Check Out Our Latest Analysis on KLA

KLA Stock Performance

KLAC traded up $10.27 during trading hours on Tuesday, hitting $701.26. 1,038,908 shares of the stock were exchanged, compared to its average volume of 1,177,908. The stock has a market cap of $93.80 billion, a price-to-earnings ratio of 32.02, a price-to-earnings-growth ratio of 1.39 and a beta of 1.27. The stock has a 50-day simple moving average of $650.82 and a 200-day simple moving average of $727.43. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.13 and a quick ratio of 1.48. KLA Co. has a 12 month low of $552.85 and a 12 month high of $896.32.

KLA (NASDAQ:KLAC - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $2.75 billion. During the same period in the previous year, the business posted $5.74 EPS. The company's quarterly revenue was up 18.5% on a year-over-year basis. Analysts anticipate that KLA Co. will post 30.61 earnings per share for the current year.

KLA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were given a dividend of $1.70 per share. The ex-dividend date was Monday, November 18th. This represents a $6.80 dividend on an annualized basis and a yield of 0.97%. This is a positive change from KLA's previous quarterly dividend of $1.45. KLA's payout ratio is currently 31.05%.

About KLA

(Free Report)

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.

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Institutional Ownership by Quarter for KLA (NASDAQ:KLAC)

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