KLA Co. (NASDAQ:KLAC) Shares Purchased by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. raised its holdings in KLA Co. (NASDAQ:KLAC) by 70.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,353 shares of the semiconductor company’s stock after acquiring an additional 558 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in KLA were worth $853,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in KLAC. Federated Hermes Inc. grew its position in KLA by 7.0% during the second quarter. Federated Hermes Inc. now owns 7,455 shares of the semiconductor company’s stock worth $6,147,000 after buying an additional 488 shares during the period. Citizens Financial Group Inc. RI boosted its stake in shares of KLA by 58.5% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 566 shares of the semiconductor company’s stock worth $467,000 after acquiring an additional 209 shares in the last quarter. Perennial Investment Advisors LLC grew its holdings in shares of KLA by 10.1% in the 2nd quarter. Perennial Investment Advisors LLC now owns 608 shares of the semiconductor company’s stock worth $501,000 after acquiring an additional 56 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in KLA by 12.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 11,963 shares of the semiconductor company’s stock valued at $9,860,000 after purchasing an additional 1,312 shares in the last quarter. Finally, Blair William & Co. IL increased its stake in KLA by 3.9% in the 2nd quarter. Blair William & Co. IL now owns 30,266 shares of the semiconductor company’s stock valued at $24,955,000 after purchasing an additional 1,143 shares in the last quarter. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on KLAC. Cantor Fitzgerald reissued a “neutral” rating and issued a $925.00 target price on shares of KLA in a report on Tuesday, October 8th. Morgan Stanley decreased their price objective on shares of KLA from $746.00 to $703.00 and set an “equal weight” rating on the stock in a research report on Thursday, December 5th. Needham & Company LLC upgraded shares of KLA from a “hold” rating to a “buy” rating and set a $750.00 target price for the company in a report on Monday. TD Cowen reduced their price target on shares of KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of KLA from $890.00 to $750.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $809.10.

KLA Price Performance

KLA stock opened at $716.25 on Thursday. KLA Co. has a 1 year low of $552.85 and a 1 year high of $896.32. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.48 and a current ratio of 2.13. The firm has a 50 day moving average price of $651.44 and a 200 day moving average price of $726.56. The company has a market cap of $95.81 billion, a price-to-earnings ratio of 32.71, a PEG ratio of 1.39 and a beta of 1.27.

KLA (NASDAQ:KLAC) last released its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, topping analysts’ consensus estimates of $7.03 by $0.30. KLA had a return on equity of 105.16% and a net margin of 28.92%. The business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.75 billion. During the same period in the prior year, the firm posted $5.74 EPS. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. Sell-side analysts predict that KLA Co. will post 30.61 earnings per share for the current year.

KLA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th were paid a $1.70 dividend. This is a positive change from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Monday, November 18th. KLA’s payout ratio is currently 31.05%.

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.