KLA Co. (NASDAQ:KLAC) Stock Holdings Boosted by Catalyst Financial Partners LLC

Catalyst Financial Partners LLC raised its position in shares of KLA Co. (NASDAQ:KLAC) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 755 shares of the semiconductor company’s stock after purchasing an additional 15 shares during the quarter. Catalyst Financial Partners LLC’s holdings in KLA were worth $476,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KLAC. Creative Planning boosted its stake in KLA by 16.1% during the 3rd quarter. Creative Planning now owns 39,771 shares of the semiconductor company’s stock valued at $29,796,000 after purchasing an additional 5,519 shares in the last quarter. Swedbank AB lifted its position in shares of KLA by 0.4% during the 3rd quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock valued at $426,660,000 after acquiring an additional 2,019 shares during the last quarter. BOS Asset Management LLC lifted its position in shares of KLA by 27.0% during the 3rd quarter. BOS Asset Management LLC now owns 1,209 shares of the semiconductor company’s stock valued at $936,000 after acquiring an additional 257 shares during the last quarter. Paragon Capital Management Inc. acquired a new stake in shares of KLA during the 3rd quarter valued at $716,000. Finally, ZWJ Investment Counsel Inc. lifted its position in shares of KLA by 18.2% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 292 shares of the semiconductor company’s stock valued at $226,000 after acquiring an additional 45 shares during the last quarter. 86.65% of the stock is owned by institutional investors.

KLA Price Performance

Shares of NASDAQ:KLAC opened at $764.28 on Friday. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. KLA Co. has a 1 year low of $609.40 and a 1 year high of $896.32. The business has a fifty day simple moving average of $692.63 and a 200 day simple moving average of $715.14. The firm has a market cap of $101.56 billion, a price-to-earnings ratio of 32.14, a P/E/G ratio of 1.54 and a beta of 1.28.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data 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%. As a group, sell-side analysts predict that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Announces Dividend

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 given a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a yield of 0.89%. KLA’s payout ratio is 28.60%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Susquehanna increased their price objective on KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Wells Fargo & Company increased their price objective on KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Cantor Fitzgerald increased their price objective on KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Needham & Company LLC increased their price objective on KLA from $800.00 to $830.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Finally, Oppenheimer upgraded KLA from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $750.00 to $850.00 in a research report on Thursday, October 31st. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, KLA has an average rating of “Moderate Buy” and an average price target of $831.68.

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.