636 Shares in KLA Co. (NASDAQ:KLAC) Purchased by OneAscent Financial Services LLC

OneAscent Financial Services LLC acquired a new position in KLA Co. (NASDAQ:KLAC) during the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 636 shares of the semiconductor company’s stock, valued at approximately $492,000.

Several other institutional investors and hedge funds have also made changes to their positions in KLAC. Family Firm Inc. purchased a new stake in shares of KLA in the 2nd quarter worth about $30,000. Capital Performance Advisors LLP acquired a new position in KLA in the 3rd quarter valued at about $38,000. 1620 Investment Advisors Inc. acquired a new position in KLA in the 2nd quarter valued at about $44,000. LRI Investments LLC acquired a new position in KLA in the 1st quarter valued at about $45,000. Finally, Olistico Wealth LLC acquired a new position in KLA in the 2nd quarter valued at about $53,000. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KLAC has been the subject of several analyst reports. Argus boosted their target price on shares of KLA from $800.00 to $875.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Evercore ISI boosted their target price on shares of KLA from $800.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. The Goldman Sachs Group upped their price objective on shares of KLA from $735.00 to $838.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of KLA from $890.00 to $750.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $925.00 price objective on shares of KLA in a research note on Tuesday, October 8th. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, KLA currently has an average rating of “Moderate Buy” and a consensus target price of $802.90.

KLA Stock Up 1.2 %

NASDAQ KLAC opened at $620.26 on Tuesday. The stock has a market cap of $82.97 billion, a PE ratio of 28.32, a P/E/G ratio of 1.29 and a beta of 1.29. KLA Co. has a fifty-two week low of $527.11 and a fifty-two week high of $896.32. The business has a 50 day moving average price of $721.02 and a two-hundred day moving average price of $763.78. 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 (NASDAQ:KLAC) last released its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share 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 analysts’ expectations of $2.75 billion. KLA had a return on equity of 105.16% and a net margin of 28.92%. KLA’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.74 EPS. As a group, sell-side analysts predict that KLA Co. will post 30.91 EPS for the current fiscal year.

KLA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th will be paid a dividend of $1.70 per share. This is a boost from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Monday, November 18th. KLA’s dividend payout ratio is 26.48%.

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.