FSA Wealth Management LLC Takes $53,000 Position in KLA Co. (NASDAQ:KLAC)

FSA Wealth Management LLC purchased a new stake in KLA Co. (NASDAQ:KLAC) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 68 shares of the semiconductor company’s stock, valued at approximately $53,000.

Several other large investors have also added to or reduced their stakes in the stock. Family Firm Inc. purchased a new position in shares of KLA during the second quarter valued at about $30,000. Capital Performance Advisors LLP bought a new stake in KLA during the 3rd quarter valued at approximately $38,000. 1620 Investment Advisors Inc. purchased a new position in shares of KLA during the 2nd quarter worth approximately $44,000. Olistico Wealth LLC bought a new position in shares of KLA in the 2nd quarter worth approximately $53,000. Finally, Peterson Financial Group Inc. bought a new stake in shares of KLA during the third quarter valued at approximately $56,000. Institutional investors own 86.65% of the company’s stock.

KLA Price Performance

NASDAQ KLAC opened at $647.03 on Monday. The company has a 50-day moving average price of $699.34 and a 200-day moving average price of $757.79. KLA Co. has a 52 week low of $527.11 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 $86.55 billion, a P/E ratio of 29.54, a PEG ratio of 1.36 and a beta of 1.29.

KLA (NASDAQ:KLAC) last announced its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, beating analysts’ consensus estimates of $7.03 by $0.30. The business had revenue of $2.84 billion during the quarter, compared to analysts’ expectations 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 period in the prior year, the company earned $5.74 earnings per share. Equities research analysts anticipate that KLA Co. will post 30.91 earnings per share for the current year.

KLA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Monday, November 18th will be issued a $1.70 dividend. 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 yield of 1.05%. The ex-dividend date of this dividend is Monday, November 18th. KLA’s dividend payout ratio (DPR) is currently 31.05%.

Analyst Ratings Changes

A number of research firms have issued reports on KLAC. Barclays decreased their price objective on KLA from $800.00 to $750.00 and set an “equal weight” rating for the company in a report on Thursday, October 31st. StockNews.com lowered shares of KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. UBS Group reduced their price objective on KLA from $900.00 to $765.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Citigroup reduced their price objective on shares of KLA from $960.00 to $900.00 and set a “buy” rating for the company in a research note on Monday, September 16th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $925.00 target price on shares of KLA in a research note on Tuesday, October 8th. Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $815.55.

KLA Company 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.