Atomi Financial Group Inc. Raises Position in KLA Co. (NASDAQ:KLAC)

Atomi Financial Group Inc. lifted its stake in shares of KLA Co. (NASDAQ:KLAC) by 17.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,347 shares of the semiconductor company’s stock after buying an additional 197 shares during the quarter. Atomi Financial Group Inc.’s holdings in KLA were worth $849,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Legacy Investment Solutions LLC purchased a new stake in shares of KLA during the third quarter valued at approximately $29,000. Capital Performance Advisors LLP acquired a new stake in KLA during the 3rd quarter valued at $38,000. FSA Wealth Management LLC purchased a new stake in KLA during the 3rd quarter worth $53,000. Peterson Financial Group Inc. acquired a new position in KLA in the 3rd quarter worth $56,000. Finally, Prospera Private Wealth LLC purchased a new position in KLA in the 3rd quarter valued at about $58,000. 86.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on the company. The Goldman Sachs Group cut their price target on KLA from $850.00 to $759.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Cantor Fitzgerald reiterated a “neutral” rating and set a $925.00 target price on shares of KLA in a research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft dropped their price target 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. Needham & Company LLC raised shares of KLA from a “hold” rating to a “buy” rating and set a $750.00 price objective for the company in a report on Monday, January 13th. Finally, Wells Fargo & Company dropped their target price on shares of KLA from $800.00 to $795.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $806.35.

KLA Trading Up 0.6 %

KLA stock opened at $771.91 on Thursday. KLA Co. has a 52-week low of $581.70 and a 52-week high of $896.32. The company has a quick ratio of 1.48, a current ratio of 2.13 and a debt-to-equity ratio of 1.65. The firm has a market capitalization of $103.25 billion, a price-to-earnings ratio of 35.25, a PEG ratio of 1.63 and a beta of 1.27. The firm has a 50-day moving average price of $658.87 and a two-hundred day moving average price of $723.16.

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 the consensus estimate of $7.03 by $0.30. KLA had a return on equity of 105.16% and a net margin of 28.92%. The business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.75 billion. During the same period in the previous year, the firm posted $5.74 earnings per share. The business’s revenue was up 18.5% on a year-over-year basis. Sell-side analysts expect that KLA Co. will post 30.37 earnings per share for the current year.

KLA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were 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 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend was Monday, November 18th. KLA’s payout ratio is currently 31.05%.

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.