KLA Co. (NASDAQ:KLAC) Shares Acquired by FFT Wealth Management LLC

FFT Wealth Management LLC boosted its holdings in KLA Co. (NASDAQ:KLAC) by 85.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 557 shares of the semiconductor company’s stock after purchasing an additional 257 shares during the quarter. FFT Wealth Management LLC’s holdings in KLA were worth $351,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in KLAC. Legacy Investment Solutions LLC acquired a new position in shares of KLA in the 3rd quarter valued at $29,000. Groupama Asset Managment grew its holdings in shares of KLA by 82.3% during the third 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. Capital Performance Advisors LLP acquired a new stake in shares of KLA during the third quarter worth about $38,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in shares of KLA in the 4th quarter valued at about $43,000. Finally, Ameliora Wealth Management Ltd. acquired a new stake in shares of KLA in the 4th quarter valued at about $47,000. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

KLA Price Performance

KLAC stock opened at $724.97 on Wednesday. The company has a market cap of $96.34 billion, a price-to-earnings ratio of 30.49, a PEG ratio of 1.57 and a beta of 1.28. 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 firm has a 50 day moving average of $711.58 and a 200-day moving average of $715.70. KLA Co. has a 12-month low of $609.40 and a 12-month high of $896.32.

KLA (NASDAQ:KLAC) last posted its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 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%. As a group, equities analysts expect that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th will be issued a dividend of $1.70 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $6.80 annualized dividend and a yield of 0.94%. KLA’s dividend payout ratio (DPR) is currently 28.60%.

Wall Street Analysts Forecast Growth

Several research firms have commented on KLAC. Needham & Company LLC lifted their price target on KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. UBS Group lifted their target price on shares of KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. Barclays increased their price target on shares of 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 lowered shares of KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Finally, The Goldman Sachs Group increased their target price on shares of KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $831.68.

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.