Valley Wealth Managers Inc. Has $505,000 Holdings in KLA Co. (NASDAQ:KLAC)

Valley Wealth Managers Inc. increased its holdings in shares of KLA Co. (NASDAQ:KLAC) by 28.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 802 shares of the semiconductor company’s stock after acquiring an additional 180 shares during the period. Valley Wealth Managers Inc.’s holdings in KLA were worth $505,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Legacy Investment Solutions LLC bought a new position in KLA during the 3rd quarter valued at about $29,000. Capital Performance Advisors LLP acquired a new stake in shares of KLA during the 3rd quarter worth approximately $38,000. FSA Wealth Management LLC acquired a new stake in shares of KLA during the 3rd quarter worth approximately $53,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in KLA during the fourth quarter valued at approximately $43,000. Finally, Peterson Financial Group Inc. bought a new stake in KLA in the third quarter valued at approximately $56,000. 86.65% of the stock is currently owned by institutional investors and hedge funds.

KLA Stock Performance

KLA stock opened at $758.25 on Wednesday. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64. The company has a market capitalization of $100.76 billion, a P/E ratio of 31.89, a PEG ratio of 1.54 and a beta of 1.28. The stock’s 50 day moving average is $699.08 and its 200 day moving average is $714.19. KLA Co. has a twelve month low of $609.40 and a twelve month high of $896.32.

KLA (NASDAQ:KLAC) last posted its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share 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 31.59 earnings per share for the current fiscal year.

KLA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Monday, February 24th will be given a $1.70 dividend. The ex-dividend date is Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.90%. KLA’s dividend payout ratio is currently 28.60%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. TD Cowen lowered their price objective on shares of KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. Oppenheimer upgraded shares of KLA from a “market perform” rating to an “outperform” rating and increased their price target for the company from $750.00 to $850.00 in a research note on Thursday, October 31st. Wells Fargo & Company increased their price target on shares of KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Barclays raised their target price 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. Finally, Cantor Fitzgerald raised their price target on shares of KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.