KLA Co. (NASDAQ:KLAC) Shares Purchased by Oak Ridge Investments LLC

Oak Ridge Investments LLC boosted its holdings in shares of KLA Co. (NASDAQ:KLAC - Free Report) by 6.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,823 shares of the semiconductor company's stock after purchasing an additional 859 shares during the period. Oak Ridge Investments LLC's holdings in KLA were worth $9,340,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of KLAC. Legacy Investment Solutions LLC bought a new stake in shares of KLA during the 3rd quarter valued at about $29,000. Capital Performance Advisors LLP bought a new stake in KLA during the 3rd quarter valued at approximately $38,000. FSA Wealth Management LLC purchased a new position in shares of KLA during the 3rd quarter worth approximately $53,000. Peterson Financial Group Inc. bought a new position in shares of KLA in the 3rd quarter worth approximately $56,000. Finally, Prospera Private Wealth LLC bought a new stake in shares of KLA during the third quarter valued at approximately $58,000. Institutional investors own 86.65% of the company's stock.

Wall Street Analysts Forecast Growth

KLAC has been the subject of a number of research reports. Barclays decreased their price objective on KLA from $750.00 to $700.00 and set an "equal weight" rating for the company in a report on Friday. Needham & Company LLC raised shares of KLA from a "hold" rating to a "buy" rating and set a $750.00 price objective on the stock in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft reduced their target price on KLA from $890.00 to $750.00 and set a "buy" rating for the company in a report on Thursday, October 31st. Oppenheimer raised shares of KLA from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $750.00 to $850.00 in a report on Thursday, October 31st. Finally, Morgan Stanley lowered their target price on KLA from $746.00 to $703.00 and set an "equal weight" rating on the stock in a report on Thursday, December 5th. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, KLA presently has an average rating of "Moderate Buy" and an average target price of $806.60.

KLA Stock Up 1.4 %

Shares of NASDAQ KLAC traded up $10.21 during mid-day trading on Friday, hitting $757.47. The company had a trading volume of 1,402,515 shares, compared to its average volume of 925,800. KLA Co. has a 1-year low of $577.00 and a 1-year high of $896.32. The company has a market capitalization of $101.32 billion, a PE ratio of 34.59, a price-to-earnings-growth ratio of 1.47 and a beta of 1.27. 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 business's 50-day simple moving average is $654.99 and its 200 day simple moving average is $724.46.

KLA (NASDAQ:KLAC - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.03 by $0.30. The business had revenue of $2.84 billion during the quarter, compared to analysts' expectations of $2.75 billion. KLA had a return on equity of 105.16% and a net margin of 28.92%. The business's quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter last year, the business posted $5.74 EPS. On average, analysts predict that KLA Co. will post 30.37 earnings per share for the current year.

KLA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th were issued a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.90%. This is a positive change from KLA's previous quarterly dividend of $1.45. The ex-dividend date was Monday, November 18th. KLA's dividend payout ratio (DPR) is presently 31.05%.

KLA 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.