KLA (NASDAQ:KLAC) Shares Up 3.6%

KLA Co. (NASDAQ:KLAC) shares shot up 3.6% on Friday . The stock traded as high as $437.64 and last traded at $436.69. 31,277 shares changed hands during trading, a decline of 97% from the average session volume of 1,211,967 shares. The stock had previously closed at $421.48.

Several brokerages have weighed in on KLAC. Wells Fargo & Company upgraded shares of KLA from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $360.00 to $500.00 in a research report on Tuesday, December 21st. Credit Suisse Group increased their price target on shares of KLA from $380.00 to $430.00 and gave the company an “outperform” rating in a research report on Thursday, October 28th. Susquehanna upped their price objective on shares of KLA from $475.00 to $490.00 and gave the company a “positive” rating in a research note on Thursday, October 28th. Zacks Investment Research downgraded shares of KLA from a “buy” rating to a “hold” rating and set a $462.00 price objective on the stock. in a research note on Tuesday, December 28th. Finally, Jefferies Financial Group began coverage on shares of KLA in a research note on Wednesday, January 5th. They set a “buy” rating and a $515.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, KLA has a consensus rating of “Buy” and an average price target of $437.35.

The stock’s 50-day moving average price is $415.39 and its 200-day moving average price is $363.61. The company has a current ratio of 2.44, a quick ratio of 1.76 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $66.41 billion, a P/E ratio of 24.35, a P/E/G ratio of 1.14 and a beta of 1.21.

KLA (NASDAQ:KLAC) last posted its quarterly earnings results on Tuesday, October 26th. The semiconductor company reported $4.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.52 by $0.12. KLA had a net margin of 36.52% and a return on equity of 75.15%. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same period last year, the firm posted $3.03 EPS. The company’s revenue for the quarter was up 35.4% on a year-over-year basis. Sell-side analysts expect that KLA Co. will post 21.18 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 1st. Investors of record on Monday, November 15th were given a $1.05 dividend. The ex-dividend date of this dividend was Friday, November 12th. This represents a $4.20 annualized dividend and a yield of 0.96%. KLA’s dividend payout ratio is presently 23.78%.

In other KLA news, CFO Bren D. Higgins sold 3,883 shares of the business’s stock in a transaction dated Thursday, November 18th. The shares were sold at an average price of $422.59, for a total transaction of $1,640,916.97. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Ahmad A. Khan sold 885 shares of the business’s stock in a transaction dated Thursday, November 18th. The stock was sold at an average price of $422.59, for a total transaction of $373,992.15. The disclosure for this sale can be found here. Company insiders own 0.16% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. JFS Wealth Advisors LLC increased its position in shares of KLA by 5.2% in the third quarter. JFS Wealth Advisors LLC now owns 2,945 shares of the semiconductor company’s stock worth $985,000 after acquiring an additional 145 shares in the last quarter. Mariner LLC boosted its holdings in shares of KLA by 1.7% during the second quarter. Mariner LLC now owns 124,781 shares of the semiconductor company’s stock worth $40,455,000 after purchasing an additional 2,029 shares during the period. Naples Global Advisors LLC boosted its holdings in shares of KLA by 9.8% during the third quarter. Naples Global Advisors LLC now owns 7,140 shares of the semiconductor company’s stock worth $2,388,000 after purchasing an additional 640 shares during the period. United Asset Strategies Inc. boosted its holdings in shares of KLA by 14.0% during the third quarter. United Asset Strategies Inc. now owns 3,832 shares of the semiconductor company’s stock worth $1,282,000 after purchasing an additional 471 shares during the period. Finally, Marshall Wace LLP acquired a new stake in shares of KLA during the second quarter worth approximately $1,667,000. 85.53% of the stock is currently owned by institutional investors.

KLA Company Profile (NASDAQ:KLAC)

KLA Corp. engages in the supply of process control and yield management solutions for the semiconductor and related nano-electronics industries. The company operates through the following segments; Semiconductor Process Control, Specialty Semiconductor Process, PCB, Display & Component Inspection and Other.

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