SeaBridge Investment Advisors LLC Invests $289,000 in KLA Co. (NASDAQ:KLAC)

SeaBridge Investment Advisors LLC purchased a new stake in KLA Co. (NASDAQ:KLAC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 459 shares of the semiconductor company's stock, valued at approximately $289,000.

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

Analysts Set New Price Targets

Several research firms have recently weighed in on KLAC. TD Cowen reduced their price objective on KLA from $760.00 to $725.00 and set a "hold" rating for the company in a research note on Thursday, October 31st. Susquehanna lifted their price target on KLA from $620.00 to $655.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 22nd. Oppenheimer upgraded KLA from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $750.00 to $850.00 in a research note on Thursday, October 31st. StockNews.com lowered shares of KLA from a "buy" rating to a "hold" rating in a research report on Wednesday, November 27th. Finally, Stifel Nicolaus upped their target price on shares of KLA from $800.00 to $825.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, KLA currently has an average rating of "Moderate Buy" and an average target price of $831.68.

KLA Stock Up 1.3 %

NASDAQ KLAC traded up $10.01 during trading on Wednesday, hitting $759.33. The company's stock had a trading volume of 303,253 shares, compared to its average volume of 1,246,577. The company has a market cap of $100.91 billion, a PE ratio of 31.93, a P/E/G ratio of 1.57 and a beta of 1.28. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63. KLA Co. has a fifty-two week low of $595.86 and a fifty-two week high of $896.32. The business's 50 day simple moving average is $680.23 and its 200-day simple moving average is $715.91.

KLA (NASDAQ:KLAC - Get Free Report) last issued its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, topping 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%. On average, equities analysts anticipate that KLA Co. will post 30.8 EPS for the current fiscal year.

KLA Increases Dividend

The business also recently declared 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 boost from KLA's previous quarterly dividend of $1.45. The ex-dividend date of this dividend was Monday, November 18th. KLA's payout ratio is 28.60%.

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.