KLA Co. (NASDAQ:KLAC) Shares Bought by FSM Wealth Advisors LLC

FSM Wealth Advisors LLC grew its position in KLA Co. (NASDAQ:KLAC) by 13.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 371 shares of the semiconductor company’s stock after acquiring an additional 43 shares during the period. FSM Wealth Advisors LLC’s holdings in KLA were worth $234,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Mizuho Securities USA LLC raised its holdings in KLA by 32,828.8% in the 3rd quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock worth $2,647,708,000 after purchasing an additional 3,408,617 shares during the period. International Assets Investment Management LLC raised its stake in shares of KLA by 76,452.4% during the 3rd quarter. International Assets Investment Management LLC now owns 302,382 shares of the semiconductor company’s stock worth $234,168,000 after buying an additional 301,987 shares during the period. Van ECK Associates Corp lifted its position in shares of KLA by 25.7% during the 3rd quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock valued at $1,083,684,000 after buying an additional 286,015 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in KLA by 6,188.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 239,404 shares of the semiconductor company’s stock valued at $185,397,000 after acquiring an additional 235,597 shares during the period. Finally, Two Sigma Advisers LP increased its holdings in KLA by 10,766.7% in the 3rd quarter. Two Sigma Advisers LP now owns 228,200 shares of the semiconductor company’s stock worth $176,720,000 after acquiring an additional 226,100 shares in the last quarter. 86.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Wells Fargo & Company lifted their target price on shares of KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft lifted their price objective on KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a report on Friday. StockNews.com cut KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Oppenheimer raised KLA from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $750.00 to $850.00 in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group increased their price objective on KLA from $759.00 to $864.00 and gave the company a “buy” rating in a research note on Friday. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $831.68.

KLA Stock Up 0.3 %

Shares of NASDAQ KLAC opened at $740.21 on Tuesday. KLA Co. has a 1 year low of $595.86 and a 1 year high of $896.32. The company has a market capitalization of $99.01 billion, a P/E ratio of 31.13, a P/E/G ratio of 1.57 and a beta of 1.28. The company has a 50 day simple moving average of $675.96 and a 200-day simple moving average of $716.33. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63.

KLA (NASDAQ:KLAC) last posted its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. On average, equities research analysts predict that KLA Co. will post 30.8 earnings per share for the current year.

KLA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th were given a $1.70 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.80 dividend on an annualized basis and a yield of 0.92%. This is a boost from KLA’s previous quarterly dividend of $1.45. KLA’s dividend payout ratio is presently 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.