Greykasell Wealth Strategies Inc. Invests $1.12 Million in KLA Co. (NASDAQ:KLAC)

Greykasell Wealth Strategies Inc. purchased a new position in shares of KLA Co. (NASDAQ:KLAC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,784 shares of the semiconductor company's stock, valued at approximately $1,124,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Swedbank AB grew its stake in KLA by 0.4% during the 3rd quarter. Swedbank AB now owns 550,949 shares of the semiconductor company's stock worth $426,660,000 after buying an additional 2,019 shares during the last quarter. Diversify Advisory Services LLC grew its stake in shares of KLA by 22.7% in the 4th quarter. Diversify Advisory Services LLC now owns 648 shares of the semiconductor company's stock valued at $443,000 after purchasing an additional 120 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of KLA by 14.1% in the 3rd quarter. Daiwa Securities Group Inc. now owns 33,215 shares of the semiconductor company's stock valued at $25,722,000 after purchasing an additional 4,112 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in shares of KLA by 27.6% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 9,778 shares of the semiconductor company's stock valued at $6,161,000 after purchasing an additional 2,112 shares during the last quarter. Finally, Milestone Asset Management LLC purchased a new position in shares of KLA in the 4th quarter valued at approximately $1,563,000. Hedge funds and other institutional investors own 86.65% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Susquehanna lifted their target price on KLA from $620.00 to $655.00 and gave the company a "neutral" rating in a research note on Wednesday, January 22nd. UBS Group lifted their target price on KLA from $665.00 to $780.00 and gave the company a "neutral" rating in a research note on Tuesday, January 21st. Stifel Nicolaus lifted their target price on KLA from $800.00 to $825.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Cantor Fitzgerald lifted their target price 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 lifted their price target on KLA from $800.00 to $830.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $830.67.

Remove Ads

KLA Price Performance

KLAC stock traded up $9.61 during midday trading on Wednesday, hitting $719.61. 753,320 shares of the stock were exchanged, compared to its average volume of 948,310. The stock's 50-day moving average price is $727.78 and its 200-day moving average price is $704.39. The stock has a market cap of $95.63 billion, a price-to-earnings ratio of 30.26, a PEG ratio of 1.57 and a beta of 1.30. KLA Co. has a fifty-two week low of $609.40 and a fifty-two week high of $896.32. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36.

KLA (NASDAQ:KLAC - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) 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%. Research analysts predict that KLA Co. will post 31.59 earnings per share for the current year.

KLA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th were issued a $1.70 dividend. The ex-dividend date was Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.94%. KLA's dividend payout ratio (DPR) is 28.60%.

KLA Company 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.