SRS Capital Advisors Inc. Grows Stock Holdings in KLA Co. (NASDAQ:KLAC)

SRS Capital Advisors Inc. grew its holdings in shares of KLA Co. (NASDAQ:KLAC) by 94.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 996 shares of the semiconductor company’s stock after acquiring an additional 484 shares during the period. SRS Capital Advisors Inc.’s holdings in KLA were worth $628,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Kohmann Bosshard Financial Services LLC purchased a new position in shares of KLA during the fourth quarter valued at approximately $32,000. Smartleaf Asset Management LLC lifted its holdings in shares of KLA by 18.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,364 shares of the semiconductor company’s stock valued at $865,000 after purchasing an additional 214 shares during the last quarter. Hickory Point Bank & Trust purchased a new position in KLA in the 4th quarter worth approximately $331,000. Duncker Streett & Co. Inc. raised its holdings in KLA by 2.7% in the 4th quarter. Duncker Streett & Co. Inc. now owns 1,286 shares of the semiconductor company’s stock worth $810,000 after acquiring an additional 34 shares during the last quarter. Finally, Nixon Peabody Trust Co. raised its holdings in KLA by 4.3% in the 4th quarter. Nixon Peabody Trust Co. now owns 705 shares of the semiconductor company’s stock worth $444,000 after acquiring an additional 29 shares during the last quarter. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KLAC has been the subject of a number of recent analyst reports. Wells Fargo & Company boosted their price objective on shares of KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Needham & Company LLC boosted their price objective on shares of KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Susquehanna boosted their target price on shares of KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of KLA from $725.00 to $850.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Finally, Cantor Fitzgerald boosted their target price on shares of KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research note 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. According to MarketBeat.com, KLA has an average rating of “Moderate Buy” and an average price target of $831.68.

KLA Trading Down 2.5 %

Shares of KLA stock opened at $691.15 on Tuesday. The company has a market capitalization of $91.84 billion, a P/E ratio of 29.06, 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 quick ratio of 1.63 and a current ratio of 2.36. The company has a fifty day moving average of $717.73 and a 200 day moving average of $713.28. KLA Co. has a fifty-two week low of $609.40 and a fifty-two week high of $896.32.

KLA (NASDAQ:KLAC) last issued its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share 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%. On average, sell-side analysts anticipate that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th will be issued a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Monday, February 24th. KLA’s dividend payout ratio (DPR) is presently 28.60%.

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.