Hennion & Walsh Asset Management Inc. grew its position in KLA Co. (NASDAQ:KLAC - Free Report) by 27.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,778 shares of the semiconductor company's stock after purchasing an additional 2,112 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in KLA were worth $6,161,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of KLAC. Federated Hermes Inc. grew its holdings in KLA by 7.0% during the 2nd quarter. Federated Hermes Inc. now owns 7,455 shares of the semiconductor company's stock valued at $6,147,000 after purchasing an additional 488 shares in the last quarter. Citizens Financial Group Inc. RI lifted its stake in shares of KLA by 58.5% in the second quarter. Citizens Financial Group Inc. RI now owns 566 shares of the semiconductor company's stock worth $467,000 after acquiring an additional 209 shares in the last quarter. Perennial Investment Advisors LLC boosted its holdings in KLA by 10.1% in the second quarter. Perennial Investment Advisors LLC now owns 608 shares of the semiconductor company's stock valued at $501,000 after purchasing an additional 56 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in KLA by 12.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 11,963 shares of the semiconductor company's stock worth $9,860,000 after purchasing an additional 1,312 shares during the last quarter. Finally, Blair William & Co. IL raised its position in shares of KLA by 3.9% in the 2nd quarter. Blair William & Co. IL now owns 30,266 shares of the semiconductor company's stock valued at $24,955,000 after purchasing an additional 1,143 shares in the last quarter. Hedge funds and other institutional investors own 86.65% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on KLAC. Susquehanna decreased their price target 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. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of KLA from $890.00 to $750.00 and set a "buy" rating for the company in a report on Thursday, October 31st. Barclays cut their target price on shares of KLA from $800.00 to $750.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 31st. Cantor Fitzgerald reiterated a "neutral" rating and issued a $925.00 price target on shares of KLA in a research note on Tuesday, October 8th. Finally, StockNews.com cut KLA from a "buy" rating to a "hold" rating in a research note on Wednesday, November 27th. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $809.10.
Get Our Latest Research Report on KLA
KLA Stock Performance
KLA stock traded up $31.01 during midday trading on Thursday, reaching $747.26. 2,018,988 shares of the stock traded hands, compared to its average volume of 1,281,069. KLA Co. has a fifty-two week low of $552.85 and a fifty-two week high of $896.32. The company has a current ratio of 2.13, a quick ratio of 1.48 and a debt-to-equity ratio of 1.65. The firm has a market cap of $99.95 billion, a price-to-earnings ratio of 34.12, a PEG ratio of 1.47 and a beta of 1.27. The firm has a fifty day moving average price of $652.37 and a two-hundred day moving average price of $726.49.
KLA (NASDAQ:KLAC - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.03 by $0.30. The business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.75 billion. KLA had a return on equity of 105.16% and a net margin of 28.92%. The business's revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the firm posted $5.74 earnings per share. On average, equities research analysts forecast that KLA Co. will post 30.37 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 issued a $1.70 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.80 annualized dividend and a yield of 0.91%. This is an increase from KLA's previous quarterly dividend of $1.45. KLA's dividend payout ratio is presently 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.
See Also
Before you consider KLA, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and KLA wasn't on the list.
While KLA currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
