Lifeworks Advisors LLC Grows Stock Holdings in KLA Co. (NASDAQ:KLAC)

Lifeworks Advisors LLC grew its position in KLA Co. (NASDAQ:KLAC - Free Report) by 30.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,310 shares of the semiconductor company's stock after acquiring an additional 775 shares during the period. Lifeworks Advisors LLC's holdings in KLA were worth $2,085,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Mizuho Securities USA LLC raised its position in shares of KLA by 32,828.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company's stock worth $2,647,708,000 after purchasing an additional 3,408,617 shares during the last quarter. Proficio Capital Partners LLC raised its position in shares of KLA by 114,444.5% during the 4th quarter. Proficio Capital Partners LLC now owns 342,488 shares of the semiconductor company's stock worth $215,809,000 after purchasing an additional 342,189 shares during the last quarter. Two Sigma Advisers LP raised its position in shares of KLA by 10,766.7% during the 3rd quarter. Two Sigma Advisers LP now owns 228,200 shares of the semiconductor company's stock worth $176,720,000 after purchasing an additional 226,100 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of KLA during the 4th quarter worth about $142,221,000. Finally, Assenagon Asset Management S.A. raised its position in shares of KLA by 84.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 441,053 shares of the semiconductor company's stock worth $277,916,000 after purchasing an additional 201,649 shares during the last quarter. Institutional investors and hedge funds own 86.65% of the company's stock.

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KLA Stock Up 2.8 %

NASDAQ:KLAC traded up $19.16 during midday trading on Friday, hitting $711.29. 1,087,883 shares of the company were exchanged, compared to its average volume of 1,143,586. The company has a fifty day simple moving average of $722.21 and a 200 day simple moving average of $710.04. KLA Co. has a fifty-two week low of $609.40 and a fifty-two week high of $896.32. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. The company has a market capitalization of $94.52 billion, a PE ratio of 29.91, a price-to-earnings-growth ratio of 1.57 and a beta of 1.30.

KLA (NASDAQ:KLAC - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, topping the consensus estimate of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%. As a group, equities analysts anticipate that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. The Goldman Sachs Group increased their price objective on shares of KLA from $759.00 to $864.00 and gave the company a "buy" rating in a report on Friday, January 31st. UBS Group increased their price objective on shares of KLA from $665.00 to $780.00 and gave the company a "neutral" rating in a report on Tuesday, January 21st. Needham & Company LLC increased their price objective on shares of KLA from $800.00 to $830.00 and gave the company a "buy" rating in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft increased their price objective on shares of KLA from $725.00 to $850.00 and gave the company a "buy" rating in a report on Friday, January 31st. Finally, Barclays increased their price objective on shares of KLA from $700.00 to $760.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $831.68.

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.