KLA Co. (NASDAQ:KLAC) Shares Acquired by Everhart Financial Group Inc.

Everhart Financial Group Inc. increased its stake in shares of KLA Co. (NASDAQ:KLAC) by 10.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 369 shares of the semiconductor company’s stock after purchasing an additional 35 shares during the period. Everhart Financial Group Inc.’s holdings in KLA were worth $233,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new position in shares of KLA in the third quarter valued at approximately $29,000. Groupama Asset Managment lifted its holdings in KLA by 82.3% in the 3rd quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 2,038 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in KLA during the 3rd quarter worth $38,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in shares of KLA during the fourth quarter worth $43,000. Finally, Ameliora Wealth Management Ltd. acquired a new stake in shares of KLA in the fourth quarter valued at about $47,000. 86.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on KLAC. Oppenheimer raised shares of KLA from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $750.00 to $850.00 in a research report on Thursday, October 31st. Susquehanna increased their price target on shares of KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Barclays lifted their price target on shares of KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. TD Cowen lowered their price objective on KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. Finally, Needham & Company LLC lifted their target price on KLA from $800.00 to $830.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $831.68.

KLA Price Performance

Shares of NASDAQ KLAC opened at $750.74 on Tuesday. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. The company has a market capitalization of $99.77 billion, a price-to-earnings ratio of 31.57, a price-to-earnings-growth ratio of 1.54 and a beta of 1.28. KLA Co. has a twelve month low of $609.40 and a twelve month high of $896.32. The business has a 50 day simple moving average of $697.11 and a 200-day simple moving average of $714.23.

KLA (NASDAQ:KLAC) last issued its 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 net margin of 29.58% and a return on equity of 108.60%. As a group, equities research analysts expect that KLA Co. will post 31.59 earnings per share for the current year.

KLA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Monday, February 24th will be issued a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 0.91%. The ex-dividend date is Monday, February 24th. KLA’s payout ratio is currently 28.60%.

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.