Ariadne Wealth Management LP Purchases 96 Shares of KLA Co. (NASDAQ:KLAC)

Ariadne Wealth Management LP grew its position in KLA Co. (NASDAQ:KLAC) by 22.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 518 shares of the semiconductor company’s stock after buying an additional 96 shares during the quarter. Ariadne Wealth Management LP’s holdings in KLA were worth $326,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in KLAC. Legacy Investment Solutions LLC purchased a new position in KLA during the 3rd quarter valued at about $29,000. Tortoise Investment Management LLC raised its stake in KLA by 300.0% in the fourth quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company’s stock worth $30,000 after buying an additional 36 shares in the last quarter. TCTC Holdings LLC purchased a new stake in KLA during the fourth quarter worth $31,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of KLA in the 4th quarter valued at $32,000. Finally, Groupama Asset Managment lifted its stake in shares of KLA by 82.3% during the 3rd quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 2,038 shares during the last quarter. Institutional investors own 86.65% of the company’s stock.

KLA Price Performance

NASDAQ:KLAC opened at $727.73 on Tuesday. KLA Co. has a 1-year low of $609.40 and a 1-year high of $896.32. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63. The company has a 50 day moving average price of $730.26 and a 200-day moving average price of $703.24. The firm has a market cap of $96.71 billion, a price-to-earnings ratio of 30.60, 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. Equities research analysts forecast that KLA Co. will post 31.59 EPS for the current year.

KLA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th were paid a dividend of $1.70 per share. The ex-dividend date was Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.93%. KLA’s dividend payout ratio is currently 28.60%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on KLAC shares. UBS Group raised their price target on shares of KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. Stifel Nicolaus lifted their price target on shares of KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft increased their price objective on KLA from $725.00 to $850.00 and gave the company a “buy” rating in a report on Friday, January 31st. The Goldman Sachs Group upped their target price on KLA from $759.00 to $864.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Finally, Wells Fargo & Company raised their price target on KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $830.67.

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.