Catalyst Financial Partners LLC Has $476,000 Stake in KLA Co. (NASDAQ:KLAC)

Catalyst Financial Partners LLC grew its holdings in KLA Co. (NASDAQ:KLAC) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund 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 filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Pathway Financial Advisers LLC grew its position in shares of KLA by 3.6% in the fourth quarter. Pathway Financial Advisers LLC now owns 1,429 shares of the semiconductor company’s stock valued at $900,000 after purchasing an additional 50 shares during the last quarter. Naples Global Advisors LLC grew its position in shares of KLA by 0.5% in the fourth quarter. Naples Global Advisors LLC now owns 7,536 shares of the semiconductor company’s stock valued at $4,748,000 after purchasing an additional 35 shares during the last quarter. Louisbourg Investments Inc. acquired a new stake in shares of KLA in the fourth quarter valued at about $1,396,000. Davidson Capital Management Inc. grew its position in shares of KLA by 22.3% in the fourth quarter. Davidson Capital Management Inc. now owns 5,018 shares of the semiconductor company’s stock valued at $3,162,000 after purchasing an additional 915 shares during the last quarter. Finally, TFB Advisors LLC grew its position in shares of KLA by 3.4% in the fourth quarter. TFB Advisors LLC now owns 489 shares of the semiconductor company’s stock valued at $308,000 after purchasing an additional 16 shares during the last quarter. 86.65% of the stock is owned by institutional investors and hedge funds.

KLA Stock Up 1.8 %

Shares of KLAC opened at $764.28 on Friday. KLA Co. has a 12 month low of $609.40 and a 12 month high of $896.32. The company has a 50-day moving average price of $692.63 and a two-hundred day moving average price of $715.14. 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 stock 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 posted its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%. Equities analysts predict that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th will be paid a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.89%. KLA’s dividend payout ratio (DPR) is currently 28.60%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised their price target on KLA from $725.00 to $850.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Cantor Fitzgerald increased their target price on shares of KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. TD Cowen reduced their target price on shares of KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Susquehanna increased their target price on shares of KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Finally, Morgan Stanley increased their target price on shares of KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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.