KLA Co. (NASDAQ:KLAC) Position Raised by Transform Wealth LLC

Transform Wealth LLC lifted its position in shares of KLA Co. (NASDAQ:KLAC) by 0.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,888 shares of the semiconductor company’s stock after acquiring an additional 61 shares during the period. Transform Wealth LLC’s holdings in KLA were worth $5,601,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of KLAC. XTX Topco Ltd acquired a new stake in shares of KLA in the 2nd quarter worth approximately $297,000. AE Wealth Management LLC bought a new stake in KLA in the second quarter worth about $256,000. Pacer Advisors Inc. lifted its holdings in KLA by 8.0% in the 2nd quarter. Pacer Advisors Inc. now owns 24,403 shares of the semiconductor company’s stock valued at $20,121,000 after acquiring an additional 1,798 shares during the last quarter. Sei Investments Co. boosted its position in shares of KLA by 1.0% during the 2nd quarter. Sei Investments Co. now owns 77,710 shares of the semiconductor company’s stock valued at $64,071,000 after purchasing an additional 759 shares in the last quarter. Finally, Summit Trail Advisors LLC grew its stake in shares of KLA by 10.9% in the 2nd quarter. Summit Trail Advisors LLC now owns 681 shares of the semiconductor company’s stock worth $561,000 after purchasing an additional 67 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on KLAC. Morgan Stanley reduced their target price on shares of KLA from $746.00 to $703.00 and set an “equal weight” rating for the company in a report on Thursday, December 5th. TD Cowen decreased their target price on KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. Oppenheimer raised KLA from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $750.00 to $850.00 in a research report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft decreased their price target on KLA from $890.00 to $750.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Finally, Susquehanna reduced their price objective on shares of KLA from $680.00 to $675.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, KLA currently has a consensus rating of “Moderate Buy” and a consensus target price of $806.60.

KLA Stock Performance

KLAC stock opened at $757.47 on Tuesday. The company has a market capitalization of $101.32 billion, a price-to-earnings ratio of 34.59, a P/E/G ratio of 1.63 and a beta of 1.27. The firm has a 50 day moving average of $654.99 and a two-hundred day moving average of $724.46. The company has a quick ratio of 1.48, a current ratio of 2.13 and a debt-to-equity ratio of 1.65. KLA Co. has a 12 month low of $577.00 and a 12 month high of $896.32.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share (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 firm had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.75 billion. During the same period in the prior year, the company posted $5.74 earnings per share. KLA’s revenue for the quarter was up 18.5% on a year-over-year basis. As a group, equities analysts anticipate that KLA Co. will post 30.37 EPS for the current fiscal year.

KLA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders 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 represents a $6.80 dividend on an annualized basis and a yield of 0.90%. This is a boost from KLA’s previous quarterly dividend of $1.45. KLA’s dividend 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.