IHT Wealth Management LLC Acquires 1,323 Shares of KLA Co. (NASDAQ:KLAC)

IHT Wealth Management LLC lifted its stake in shares of KLA Co. (NASDAQ:KLAC - Free Report) by 101.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,630 shares of the semiconductor company's stock after buying an additional 1,323 shares during the quarter. IHT Wealth Management LLC's holdings in KLA were worth $2,012,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Family Firm Inc. acquired a new stake in KLA in the second quarter worth $30,000. Capital Performance Advisors LLP bought a new position in shares of KLA during the 3rd quarter worth about $38,000. 1620 Investment Advisors Inc. acquired a new stake in shares of KLA in the 2nd quarter valued at about $44,000. FSA Wealth Management LLC bought a new stake in KLA in the 3rd quarter valued at about $53,000. Finally, Peterson Financial Group Inc. acquired a new position in KLA during the 3rd quarter worth approximately $56,000. Institutional investors and hedge funds own 86.65% of the company's stock.

KLA Stock Performance

Shares of NASDAQ KLAC traded down $23.61 during mid-day trading on Thursday, reaching $642.61. 1,028,080 shares of the company's stock were exchanged, compared to its average volume of 977,480. The firm has a 50-day moving average price of $689.99 and a two-hundred day moving average price of $755.21. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.13 and a quick ratio of 1.48. The firm has a market capitalization of $85.96 billion, a price-to-earnings ratio of 29.34, a price-to-earnings-growth ratio of 1.40 and a beta of 1.27. KLA Co. has a 52 week low of $527.44 and a 52 week high of $896.32.

KLA (NASDAQ:KLAC - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $2.75 billion. During the same quarter in the previous year, the firm posted $5.74 earnings per share. The company's revenue for the quarter was up 18.5% on a year-over-year basis. Analysts predict that KLA Co. will post 30.91 EPS for the current year.

KLA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th were given a $1.70 dividend. This is an increase from KLA's previous quarterly dividend of $1.45. This represents a $6.80 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date was Monday, November 18th. KLA's dividend payout ratio (DPR) is currently 31.05%.

Analyst Ratings Changes

A number of equities research analysts have commented on KLAC shares. Oppenheimer raised KLA from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $750.00 to $850.00 in a research note on Thursday, October 31st. Citigroup reduced their price target on shares of KLA from $960.00 to $900.00 and set a "buy" rating for the company in a research report on Monday, September 16th. Barclays lowered their price objective on shares of KLA from $800.00 to $750.00 and set an "equal weight" rating on the stock in a report on Thursday, October 31st. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $925.00 price objective on shares of KLA in a research note on Tuesday, October 8th. Finally, Morgan Stanley decreased their target price on shares of KLA from $746.00 to $703.00 and set an "equal weight" rating for the company in a research report on Thursday. Eight research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $815.80.

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.