Crumly & Associates Inc. Purchases 19 Shares of KLA Co. (NASDAQ:KLAC)

Crumly & Associates Inc. lifted its position in shares of KLA Co. (NASDAQ:KLAC) by 2.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 837 shares of the semiconductor company’s stock after acquiring an additional 19 shares during the period. Crumly & Associates Inc.’s holdings in KLA were worth $648,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Family Firm Inc. bought a new stake in shares of KLA during the second quarter valued at approximately $30,000. Cedar Wealth Management LLC grew its position in KLA by 77.3% in the 1st quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 17 shares during the period. Capital Performance Advisors LLP bought a new stake in KLA in the 3rd quarter worth approximately $38,000. 1620 Investment Advisors Inc. bought a new stake in KLA in the 2nd quarter worth approximately $44,000. Finally, LRI Investments LLC bought a new stake in KLA in the 1st quarter worth approximately $46,000. Institutional investors own 86.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on KLAC shares. Susquehanna cut their target price on shares of KLA from $680.00 to $675.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. UBS Group lowered their target price on KLA from $900.00 to $765.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. Argus upped their price target on KLA from $800.00 to $875.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Needham & Company LLC reaffirmed a “hold” rating on shares of KLA in a research report on Thursday, October 31st. Finally, Oppenheimer upgraded KLA from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $750.00 to $850.00 in a research note on Thursday, October 31st. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, KLA has a consensus rating of “Moderate Buy” and an average target price of $802.90.

KLA Trading Up 0.2 %

KLAC opened at $687.41 on Friday. The firm has a market cap of $91.95 billion, a P/E ratio of 31.39, a P/E/G ratio of 1.41 and a beta of 1.29. KLA Co. has a 12 month low of $505.50 and a 12 month high of $896.32. The company has a current ratio of 2.13, a quick ratio of 1.48 and a debt-to-equity ratio of 1.65. The stock has a 50-day moving average of $731.06 and a 200 day moving average of $763.72.

KLA (NASDAQ:KLAC) last released its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, topping the consensus estimate of $7.03 by $0.30. The company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.75 billion. KLA had a return on equity of 105.16% and a net margin of 28.92%. The firm’s revenue was up 18.5% on a year-over-year basis. During the same quarter last year, the business posted $5.74 earnings per share. As a group, research analysts forecast that KLA Co. will post 30.91 EPS for the current year.

KLA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Monday, November 18th will be given a $1.70 dividend. The ex-dividend date is Monday, November 18th. This represents a $6.80 annualized dividend and a yield of 0.99%. This is a positive change from KLA’s previous quarterly dividend of $1.45. KLA’s dividend payout ratio (DPR) is currently 26.48%.

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.