HBW Advisory Services LLC Has $520,000 Stake in KLA Co. (NASDAQ:KLAC)

HBW Advisory Services LLC grew its position in KLA Co. (NASDAQ:KLAC) by 5.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 826 shares of the semiconductor company’s stock after buying an additional 45 shares during the quarter. HBW Advisory Services LLC’s holdings in KLA were worth $520,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new position in shares of KLA in the 3rd quarter valued at $29,000. Capital Performance Advisors LLP bought a new position in KLA in the third quarter valued at about $38,000. FSA Wealth Management LLC acquired a new position in KLA during the third quarter worth about $53,000. Peterson Financial Group Inc. bought a new position in shares of KLA in the third quarter worth about $56,000. Finally, Prospera Private Wealth LLC acquired a new stake in shares of KLA in the 3rd quarter valued at approximately $58,000. 86.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on KLAC shares. Morgan Stanley dropped their price objective on shares of KLA from $746.00 to $703.00 and set an “equal weight” rating for the company in a research note on Thursday, December 5th. The Goldman Sachs Group reduced their price objective on KLA from $850.00 to $759.00 and set a “buy” rating on the stock in a research report on Friday. Citigroup cut their price target on KLA from $960.00 to $900.00 and set a “buy” rating on the stock in a research note on Monday, September 16th. Barclays dropped their price objective on shares of KLA from $800.00 to $750.00 and set an “equal weight” rating for the company in a report on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of KLA from $890.00 to $750.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $812.47.

KLA Stock Performance

Shares of KLAC opened at $683.06 on Friday. The stock has a 50-day moving average of $650.27 and a 200-day moving average of $729.52. KLA Co. has a one year low of $549.63 and a one year high of $896.32. 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 company has a market cap of $91.37 billion, a PE ratio of 31.19, a P/E/G ratio of 1.39 and a beta of 1.27.

KLA (NASDAQ:KLAC) last issued its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share for the quarter, topping analysts’ consensus estimates of $7.03 by $0.30. KLA had a return on equity of 105.16% and a net margin of 28.92%. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.75 billion. During the same period in the prior year, the firm earned $5.74 earnings per share. KLA’s revenue for the quarter was up 18.5% on a year-over-year basis. On average, equities research analysts predict that KLA Co. will post 30.61 EPS for the current fiscal year.

KLA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th were given a dividend of $1.70 per share. The ex-dividend date of this dividend was Monday, November 18th. This is an increase from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 annualized dividend and a dividend yield of 1.00%. KLA’s payout ratio is presently 31.05%.

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.