Mutual Advisors LLC Has $1.37 Million Position in KLA Co. (NASDAQ:KLAC)

Mutual Advisors LLC decreased its position in shares of KLA Co. (NASDAQ:KLAC) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,177 shares of the semiconductor company’s stock after selling 30 shares during the period. Mutual Advisors LLC’s holdings in KLA were worth $1,372,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. CVA Family Office LLC increased its stake in KLA by 3.7% in the 3rd quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company’s stock valued at $283,000 after buying an additional 13 shares during the last quarter. Marcum Wealth LLC boosted its position in KLA by 4.1% in the third quarter. Marcum Wealth LLC now owns 384 shares of the semiconductor company’s stock worth $297,000 after purchasing an additional 15 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in shares of KLA by 1.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,433 shares of the semiconductor company’s stock valued at $1,110,000 after purchasing an additional 16 shares during the last quarter. Ascent Wealth Partners LLC raised its stake in shares of KLA by 0.4% during the 3rd quarter. Ascent Wealth Partners LLC now owns 4,466 shares of the semiconductor company’s stock worth $3,459,000 after purchasing an additional 16 shares during the period. Finally, Citizens Financial Group Inc. RI grew its position in KLA by 2.8% during the third quarter. Citizens Financial Group Inc. RI now owns 582 shares of the semiconductor company’s stock valued at $451,000 after buying an additional 16 shares during the period. 86.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

KLAC has been the topic of a number of research analyst reports. Wells Fargo & Company dropped their target price on shares of KLA from $800.00 to $795.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Susquehanna boosted their target price on KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft decreased their price objective on KLA from $890.00 to $750.00 and set a “buy” rating for the company in a report on Thursday, October 31st. StockNews.com downgraded shares of KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $925.00 price target on shares of KLA in a research note on Tuesday, October 8th. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $806.35.

KLA Stock Performance

NASDAQ:KLAC opened at $749.82 on Friday. The company has a market capitalization of $100.30 billion, a price-to-earnings ratio of 34.24, a PEG ratio of 1.66 and a beta of 1.27. The business has a 50 day moving average of $666.45 and a 200 day moving average of $722.95. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.13 and a quick ratio of 1.48. KLA Co. has a 1-year low of $581.70 and a 1-year high of $896.32.

KLA (NASDAQ:KLAC) last issued its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, topping analysts’ consensus estimates of $7.03 by $0.30. KLA had a net margin of 28.92% and a return on equity of 105.16%. The company had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.75 billion. During the same quarter last year, the company earned $5.74 EPS. The firm’s revenue was up 18.5% compared to the same quarter last year. On average, sell-side analysts predict that KLA Co. will post 30.34 earnings per share for the current fiscal year.

KLA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were paid a $1.70 dividend. This represents a $6.80 annualized dividend and a dividend yield of 0.91%. This is an increase 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 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.