CreativeOne Wealth LLC Raises Stock Position in KLA Co. (NASDAQ:KLAC)

CreativeOne Wealth LLC boosted its position in shares of KLA Co. (NASDAQ:KLAC) by 45.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,710 shares of the semiconductor company’s stock after purchasing an additional 844 shares during the period. CreativeOne Wealth LLC’s holdings in KLA were worth $2,099,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of KLAC. Family Firm Inc. purchased a new position in KLA during the second quarter worth about $30,000. Capital Performance Advisors LLP purchased a new stake in shares of KLA in the 3rd quarter valued at approximately $38,000. 1620 Investment Advisors Inc. purchased a new stake in shares of KLA in the 2nd quarter valued at approximately $44,000. LRI Investments LLC purchased a new stake in shares of KLA in the 1st quarter valued at approximately $45,000. Finally, Olistico Wealth LLC purchased a new stake in shares of KLA in the 2nd quarter valued at approximately $53,000. 86.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on KLAC. Needham & Company LLC reissued a “hold” rating on shares of KLA in a research note on Thursday, October 31st. Oppenheimer raised shares of 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. 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. Wells Fargo & Company dropped their price objective on shares of KLA from $950.00 to $870.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Finally, Citigroup dropped their price objective on shares of KLA from $960.00 to $900.00 and set a “buy” rating for the company in a report on Monday, September 16th. Eight analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, KLA presently has an average rating of “Moderate Buy” and a consensus price target of $815.55.

KLA Stock Up 0.1 %

KLAC stock opened at $632.14 on Friday. The company has a fifty day moving average price of $701.57 and a 200 day moving average price of $758.08. KLA Co. has a 12 month low of $527.11 and a 12 month high of $896.32. The company has a market cap of $84.56 billion, a price-to-earnings ratio of 28.86, a price-to-earnings-growth ratio of 1.36 and a beta of 1.29. 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 (NASDAQ:KLAC) last released its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, beating the consensus estimate of $7.03 by $0.30. The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.75 billion. KLA had a net margin of 28.92% and a return on equity of 105.16%. KLA’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.74 EPS. Sell-side analysts expect that KLA Co. will post 30.91 earnings per share for the current year.

KLA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th will be given a dividend of $1.70 per share. The ex-dividend date is Monday, November 18th. This represents a $6.80 dividend on an annualized basis and a yield of 1.08%. This is an increase from KLA’s previous quarterly dividend of $1.45. KLA’s dividend payout ratio is presently 31.05%.

About KLA

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.