Envestnet Portfolio Solutions Inc. Buys 3,306 Shares of KLA Co. (NASDAQ:KLAC)

Envestnet Portfolio Solutions Inc. boosted its stake in KLA Co. (NASDAQ:KLAC - Free Report) by 37.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,103 shares of the semiconductor company's stock after buying an additional 3,306 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in KLA were worth $7,626,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Swedbank AB lifted its holdings in KLA by 0.4% during the 3rd quarter. Swedbank AB now owns 550,949 shares of the semiconductor company's stock valued at $426,660,000 after purchasing an additional 2,019 shares during the last quarter. Diversify Advisory Services LLC raised its stake in shares of KLA by 22.7% in the fourth quarter. Diversify Advisory Services LLC now owns 648 shares of the semiconductor company's stock valued at $443,000 after acquiring an additional 120 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of KLA by 14.1% in the third quarter. Daiwa Securities Group Inc. now owns 33,215 shares of the semiconductor company's stock valued at $25,722,000 after acquiring an additional 4,112 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings 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 worth $6,161,000 after acquiring an additional 2,112 shares in the last quarter. Finally, Milestone Asset Management LLC bought a new stake in KLA during the 4th quarter worth approximately $1,563,000. 86.65% of the stock is currently owned by institutional investors.

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KLA Trading Down 1.4 %

NASDAQ:KLAC traded down $9.97 during trading hours on Friday, hitting $706.49. The stock had a trading volume of 2,454,759 shares, compared to its average volume of 953,125. The business's 50 day moving average is $729.05 and its 200-day moving average is $704.58. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36. The company has a market cap of $93.88 billion, a price-to-earnings ratio of 29.71, a P/E/G ratio of 1.57 and a beta of 1.30. KLA Co. has a one year low of $609.40 and a one year high of $896.32.

KLA (NASDAQ:KLAC - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, beating analysts' consensus estimates of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%. Sell-side analysts anticipate that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Monday, February 24th were given a $1.70 dividend. The ex-dividend date was Monday, February 24th. This represents a $6.80 annualized dividend and a dividend yield of 0.96%. KLA's dividend payout ratio is presently 28.60%.

Wall Street Analysts Forecast Growth

KLAC has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on KLA from $725.00 to $850.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Stifel Nicolaus upped their price target on shares of KLA from $800.00 to $825.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. StockNews.com cut shares of KLA from a "buy" rating to a "hold" rating in a research report on Wednesday, November 27th. Barclays upped their target price on shares of KLA from $700.00 to $760.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. Finally, UBS Group raised their price target on shares of KLA from $665.00 to $780.00 and gave the company a "neutral" rating in a report on Tuesday, January 21st. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, KLA presently has a consensus rating of "Moderate Buy" and an average price target of $830.67.

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.