KLA Co. (NASDAQ:KLAC) Shares Purchased by Atomi Financial Group Inc.

Atomi Financial Group Inc. grew its position in shares of KLA Co. (NASDAQ:KLAC) by 17.1% during the 4th quarter, Holdings Channel reports. The firm owned 1,347 shares of the semiconductor company’s stock after purchasing an additional 197 shares during the period. Atomi Financial Group Inc.’s holdings in KLA were worth $849,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. XTX Topco Ltd acquired a new stake in KLA in the 2nd quarter valued at about $297,000. AE Wealth Management LLC acquired a new stake in KLA during the second quarter valued at approximately $256,000. Evergreen Capital Management LLC boosted its holdings in KLA by 8.6% during the second quarter. Evergreen Capital Management LLC now owns 832 shares of the semiconductor company’s stock worth $686,000 after buying an additional 66 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in KLA by 59.1% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 25,901 shares of the semiconductor company’s stock worth $21,356,000 after buying an additional 9,617 shares during the last quarter. Finally, Fred Alger Management LLC increased its holdings in shares of KLA by 5.6% in the second quarter. Fred Alger Management LLC now owns 30,539 shares of the semiconductor company’s stock valued at $25,180,000 after buying an additional 1,624 shares in the last quarter. Institutional investors own 86.65% of the company’s stock.

KLA Stock Up 0.6 %

KLA stock opened at $771.91 on Thursday. The company has a current ratio of 2.13, a quick ratio of 1.48 and a debt-to-equity ratio of 1.65. KLA Co. has a 1-year low of $581.70 and a 1-year high of $896.32. The firm’s fifty day simple moving average is $658.87 and its 200-day simple moving average is $723.16. The company has a market capitalization of $103.25 billion, a P/E ratio of 35.25, a P/E/G ratio of 1.63 and a beta of 1.27.

KLA (NASDAQ:KLAC) last posted its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share for the quarter, beating the consensus estimate of $7.03 by $0.30. The company had revenue of $2.84 billion for 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 last year, the company earned $5.74 earnings per share. Sell-side analysts forecast that KLA Co. will post 30.37 earnings per share for the current fiscal year.

KLA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th were issued a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a yield of 0.88%. The ex-dividend date was Monday, November 18th. This is an increase from KLA’s previous quarterly dividend of $1.45. KLA’s dividend payout ratio (DPR) is 31.05%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Barclays decreased their target price on KLA from $750.00 to $700.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Needham & Company LLC upgraded KLA from a “hold” rating to a “buy” rating and set a $750.00 price objective on the stock in a report on Monday, January 13th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $925.00 target price on shares of KLA in a report on Tuesday, October 8th. Oppenheimer upgraded shares of KLA from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $750.00 to $850.00 in a report on Thursday, October 31st. Finally, Wells Fargo & Company decreased their price objective on shares of KLA from $800.00 to $795.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $806.35.

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.