TTP Investments Inc. Makes New Investment in KLA Co. (NASDAQ:KLAC)

TTP Investments Inc. purchased a new stake in KLA Co. (NASDAQ:KLAC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 558 shares of the semiconductor company’s stock, valued at approximately $352,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Patton Albertson Miller Group LLC increased its stake in shares of KLA by 6.0% during the 4th quarter. Patton Albertson Miller Group LLC now owns 15,547 shares of the semiconductor company’s stock worth $9,797,000 after purchasing an additional 874 shares in the last quarter. Monte Financial Group LLC boosted its holdings in shares of KLA by 12.5% during the fourth quarter. Monte Financial Group LLC now owns 1,897 shares of the semiconductor company’s stock worth $1,195,000 after purchasing an additional 211 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc grew its holdings in KLA by 15.2% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 60,834 shares of the semiconductor company’s stock valued at $38,326,000 after buying an additional 8,028 shares during the period. Linden Thomas Advisory Services LLC increased its position in KLA by 14.9% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 6,765 shares of the semiconductor company’s stock worth $4,263,000 after purchasing an additional 878 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in KLA by 0.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 8,592 shares of the semiconductor company’s stock worth $5,414,000 after purchasing an additional 45 shares during the period. 86.65% of the stock is owned by institutional investors and hedge funds.

KLA Trading Down 1.5 %

Shares of NASDAQ KLAC opened at $749.82 on Friday. The stock has a market capitalization of $100.30 billion, a P/E ratio of 34.24, a PEG ratio of 1.66 and a beta of 1.27. The stock’s 50 day moving average price is $666.45 and its two-hundred day moving average price is $722.95. 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 52-week low of $581.70 and a 52-week high of $896.32.

KLA (NASDAQ:KLAC) last released its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, topping analysts’ consensus estimates 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%. The firm’s revenue was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.74 earnings per share. On average, analysts anticipate that KLA Co. will post 30.34 earnings per share for the current fiscal year.

KLA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th were issued a $1.70 dividend. The ex-dividend date was Monday, November 18th. This represents a $6.80 dividend on an annualized basis and a yield of 0.91%. This is a boost from KLA’s previous quarterly dividend of $1.45. KLA’s dividend payout ratio (DPR) is currently 31.05%.

Analysts Set New Price Targets

Several research analysts recently weighed in on KLAC shares. Wells Fargo & Company cut their target price on KLA from $800.00 to $795.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft reduced their price objective on KLA from $890.00 to $750.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Needham & Company LLC raised shares of KLA from a “hold” rating to a “buy” rating and set a $750.00 target price for the company in a research report on Monday, January 13th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $925.00 price target on shares of KLA in a research report on Tuesday, October 8th. Finally, The Goldman Sachs Group dropped their price objective on shares of KLA from $850.00 to $759.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Seven equities research 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.com, KLA presently has a consensus rating of “Moderate Buy” and an average target price of $806.35.

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.