Greykasell Wealth Strategies Inc. Acquires Shares of 1,784 KLA Co. (NASDAQ:KLAC)

Greykasell Wealth Strategies Inc. acquired a new stake in KLA Co. (NASDAQ:KLAC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,784 shares of the semiconductor company’s stock, valued at approximately $1,124,000.

Several other large investors also recently bought and sold shares of KLAC. Intact Investment Management Inc. boosted its stake in shares of KLA by 36.4% during the 4th quarter. Intact Investment Management Inc. now owns 2,100 shares of the semiconductor company’s stock valued at $1,323,000 after buying an additional 560 shares during the last quarter. LBP AM SA boosted its stake in shares of KLA by 113.6% during the 4th quarter. LBP AM SA now owns 6,426 shares of the semiconductor company’s stock valued at $4,049,000 after buying an additional 3,417 shares during the last quarter. Parnassus Investments LLC boosted its stake in shares of KLA by 381.3% during the 4th quarter. Parnassus Investments LLC now owns 733,328 shares of the semiconductor company’s stock valued at $462,085,000 after buying an additional 580,967 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of KLA by 6.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 32,388 shares of the semiconductor company’s stock valued at $20,409,000 after buying an additional 2,011 shares during the last quarter. Finally, Wintrust Investments LLC boosted its stake in shares of KLA by 5.3% during the 4th quarter. Wintrust Investments LLC now owns 420 shares of the semiconductor company’s stock valued at $265,000 after buying an additional 21 shares during the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

Analysts Set New Price Targets

KLAC has been the subject of several research analyst reports. Stifel Nicolaus increased their target price on KLA from $800.00 to $825.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Barclays raised their price objective on KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. StockNews.com cut KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Morgan Stanley raised their price objective on KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a research note on Monday, February 3rd. Finally, Cantor Fitzgerald raised their price objective on KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $830.67.

KLA Price Performance

Shares of KLAC opened at $713.00 on Friday. The firm has a market capitalization of $94.75 billion, a price-to-earnings ratio of 29.98, a price-to-earnings-growth ratio of 1.57 and a beta of 1.30. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36. KLA Co. has a one year low of $609.40 and a one year high of $896.32. The stock’s fifty day moving average is $726.81 and its 200-day moving average is $707.13.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, beating 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 analysts anticipate that KLA Co. will post 31.59 EPS for the current year.

KLA Dividend Announcement

The company also recently announced 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. This represents a $6.80 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Monday, February 24th. KLA’s payout ratio is currently 28.60%.

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.