KLA Co. (NASDAQ:KLAC) Stock Position Raised by Everhart Financial Group Inc.

Everhart Financial Group Inc. increased its holdings in shares of KLA Co. (NASDAQ:KLAC) by 10.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 369 shares of the semiconductor company’s stock after buying an additional 35 shares during the quarter. Everhart Financial Group Inc.’s holdings in KLA were worth $233,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Mizuho Securities USA LLC grew its stake in KLA by 32,828.8% in the third quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock valued at $2,647,708,000 after purchasing an additional 3,408,617 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of KLA by 76,452.4% in the third quarter. International Assets Investment Management LLC now owns 302,382 shares of the semiconductor company’s stock valued at $234,168,000 after purchasing an additional 301,987 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of KLA by 25.7% in the third quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock worth $1,083,684,000 after acquiring an additional 286,015 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in KLA by 6,188.5% during the third quarter. Assenagon Asset Management S.A. now owns 239,404 shares of the semiconductor company’s stock valued at $185,397,000 after acquiring an additional 235,597 shares during the period. Finally, Two Sigma Advisers LP increased its holdings in KLA by 10,766.7% in the 3rd quarter. Two Sigma Advisers LP now owns 228,200 shares of the semiconductor company’s stock valued at $176,720,000 after buying an additional 226,100 shares during the period. 86.65% of the stock is owned by institutional investors and hedge funds.

KLA Trading Down 1.8 %

NASDAQ:KLAC opened at $750.74 on Tuesday. KLA Co. has a 52 week low of $609.40 and a 52 week high of $896.32. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36. The firm’s fifty day moving average is $697.11 and its 200-day moving average is $714.23. The firm has a market cap of $99.77 billion, a P/E ratio of 31.57, a P/E/G ratio of 1.54 and a beta of 1.28.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, beating 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%. Equities analysts expect that KLA Co. will post 31.59 earnings per share for the current year.

KLA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th will be issued a dividend of $1.70 per share. The ex-dividend date is Monday, February 24th. This represents a $6.80 annualized dividend and a yield of 0.91%. KLA’s payout ratio is 28.60%.

Analyst Upgrades and Downgrades

KLAC has been the subject of several recent analyst reports. UBS Group increased their price objective on KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft raised their price target on KLA from $725.00 to $850.00 and gave the company a “buy” rating in a report on Friday, January 31st. The Goldman Sachs Group boosted their price objective on KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Oppenheimer upgraded KLA from a “market perform” rating to an “outperform” rating and raised their target price for the company from $750.00 to $850.00 in a research note on Thursday, October 31st. Finally, Morgan Stanley upped their price target on shares of KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a research report on Monday, February 3rd. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $831.68.

KLA Company 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.