FFT Wealth Management LLC Grows Holdings in KLA Co. (NASDAQ:KLAC)

FFT Wealth Management LLC grew its position in shares of KLA Co. (NASDAQ:KLAC) by 85.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 557 shares of the semiconductor company’s stock after purchasing an additional 257 shares during the quarter. FFT Wealth Management LLC’s holdings in KLA were worth $351,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Legacy Investment Solutions LLC purchased a new position in KLA during the third quarter worth about $29,000. Capital Performance Advisors LLP purchased a new position in shares of KLA during the 3rd quarter worth about $38,000. FSA Wealth Management LLC acquired a new stake in shares of KLA in the third quarter worth approximately $53,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in KLA in the fourth quarter valued at approximately $43,000. Finally, Peterson Financial Group Inc. acquired a new position in KLA during the third quarter worth approximately $56,000. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on KLAC shares. Stifel Nicolaus lifted their price target on shares of KLA from $800.00 to $825.00 and gave the company a “buy” rating in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft boosted 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. Oppenheimer upgraded KLA from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $750.00 to $850.00 in a report on Thursday, October 31st. TD Cowen decreased their target price on KLA from $760.00 to $725.00 and set a “hold” rating for the company in a report on Thursday, October 31st. Finally, Susquehanna raised their price target on shares of KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $831.68.

KLA Stock Down 1.7 %

Shares of KLA stock opened at $724.97 on Wednesday. KLA Co. has a 1-year low of $609.40 and a 1-year high of $896.32. The company has a market capitalization of $96.34 billion, a PE ratio of 30.49, a P/E/G ratio of 1.57 and a beta of 1.28. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63. The business has a 50-day moving average of $711.58 and a 200-day moving average of $715.70.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, beating analysts’ consensus estimates of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. As a group, equities analysts forecast that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Monday, February 24th will be issued a $1.70 dividend. The ex-dividend date is Monday, February 24th. This represents a $6.80 annualized dividend and a yield of 0.94%. KLA’s dividend payout ratio is presently 28.60%.

About KLA

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.