Callan Family Office LLC Raises Stock Position in KLA Co. (NASDAQ:KLAC)

Callan Family Office LLC raised its holdings in shares of KLA Co. (NASDAQ:KLAC) by 61.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 989 shares of the semiconductor company’s stock after acquiring an additional 376 shares during the quarter. Callan Family Office LLC’s holdings in KLA were worth $623,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Swedbank AB boosted its stake in shares of KLA by 0.4% during the 3rd quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock worth $426,660,000 after acquiring an additional 2,019 shares during the last quarter. Diversify Advisory Services LLC raised its position in shares of KLA by 22.7% during the 4th quarter. Diversify Advisory Services LLC now owns 648 shares of the semiconductor company’s stock valued at $443,000 after purchasing an additional 120 shares during the period. ING Groep NV raised its position in shares of KLA by 52.4% during the 3rd quarter. ING Groep NV now owns 79,763 shares of the semiconductor company’s stock valued at $61,769,000 after purchasing an additional 27,436 shares during the period. Daiwa Securities Group Inc. raised its position in shares of KLA by 14.1% during the 3rd quarter. Daiwa Securities Group Inc. now owns 33,215 shares of the semiconductor company’s stock valued at $25,722,000 after purchasing an additional 4,112 shares during the period. Finally, Versor Investments LP bought a new stake in shares of KLA during the 3rd quarter valued at $1,008,000. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on KLAC shares. Stifel Nicolaus raised their price objective on shares of KLA from $800.00 to $825.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Needham & Company LLC raised their price objective on shares of KLA from $800.00 to $830.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Cantor Fitzgerald lifted their price target on shares of KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a report on Friday, January 31st. StockNews.com downgraded shares of KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, The Goldman Sachs Group lifted their price target on shares of KLA from $759.00 to $864.00 and gave the company a “buy” rating in a report on Friday, January 31st. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, KLA presently has an average rating of “Moderate Buy” and a consensus price target of $831.68.

KLA Stock Performance

KLA stock opened at $711.29 on Monday. The company’s 50-day moving average price is $722.21 and its 200-day moving average price is $710.04. KLA Co. has a twelve month low of $609.40 and a twelve month high of $896.32. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64. The company has a market cap of $94.52 billion, a PE ratio of 29.91, a price-to-earnings-growth ratio of 1.57 and a beta of 1.30.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, beating the consensus estimate of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%. On average, equities research analysts forecast that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Monday, February 24th were issued a dividend of $1.70 per share. The ex-dividend date was Monday, February 24th. This represents a $6.80 annualized dividend and a yield of 0.96%. KLA’s payout ratio is 28.60%.

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.