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

Thurston Springer Miller Herd & Titak Inc. boosted its stake in KLA Co. (NASDAQ:KLAC) by 70.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,353 shares of the semiconductor company’s stock after purchasing an additional 558 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in KLA were worth $853,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new stake in shares of KLA in the third quarter valued at about $29,000. Groupama Asset Managment lifted its position in KLA by 82.3% during the 3rd quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 2,038 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in KLA in the 3rd quarter worth approximately $38,000. FSA Wealth Management LLC acquired a new stake in KLA in the third quarter valued at approximately $53,000. Finally, Peterson Financial Group Inc. purchased a new stake in shares of KLA during the third quarter valued at approximately $56,000. 86.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KLAC has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft decreased their target price on shares of KLA from $890.00 to $750.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. The Goldman Sachs Group decreased their price objective on shares of KLA from $850.00 to $759.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Wells Fargo & Company dropped their target price on KLA from $800.00 to $795.00 and set an “overweight” rating on the stock in a research report on Monday. Oppenheimer raised 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 report on Thursday, October 31st. Finally, TD Cowen lowered their price objective on KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $809.10.

KLA Trading Up 2.1 %

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

KLA (NASDAQ:KLAC) last posted its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, beating 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 business’s revenue was up 18.5% compared to the same quarter last year. During the same period in the prior year, the company earned $5.74 earnings per share. On average, equities analysts forecast that KLA Co. will post 30.61 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 paid a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 0.95%. This is a boost from KLA’s previous quarterly dividend of $1.45. The ex-dividend date was Monday, November 18th. KLA’s dividend payout ratio (DPR) is presently 31.05%.

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.