KLA Co. (NASDAQ:KLAC) Shares Acquired by Fairfield Financial Advisors LTD

Fairfield Financial Advisors LTD grew its holdings in KLA Co. (NASDAQ:KLAC) by 160.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 65 shares of the semiconductor company’s stock after buying an additional 40 shares during the period. Fairfield Financial Advisors LTD’s holdings in KLA were worth $41,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of KLAC. Swedbank AB raised its holdings in shares of KLA by 0.4% in the 3rd quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock valued at $426,660,000 after buying an additional 2,019 shares during the period. M&G PLC purchased a new stake in shares of KLA in the 3rd quarter valued at $820,000. Graypoint LLC raised its holdings in shares of KLA by 0.7% in the 3rd quarter. Graypoint LLC now owns 2,757 shares of the semiconductor company’s stock valued at $2,135,000 after buying an additional 20 shares during the period. Principal Financial Group Inc. raised its holdings in shares of KLA by 5.4% in the 3rd quarter. Principal Financial Group Inc. now owns 172,389 shares of the semiconductor company’s stock valued at $133,500,000 after buying an additional 8,830 shares during the period. Finally, Consolidated Planning Corp raised its holdings in shares of KLA by 11.3% in the 3rd quarter. Consolidated Planning Corp now owns 2,409 shares of the semiconductor company’s stock valued at $1,866,000 after buying an additional 244 shares during the period. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Stock Up 2.8 %

Shares of NASDAQ KLAC opened at $711.29 on Friday. The stock has a market cap of $94.52 billion, a PE ratio of 29.91, a price-to-earnings-growth ratio of 1.57 and a beta of 1.30. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64. KLA Co. has a 52-week low of $609.40 and a 52-week high of $896.32. The business has a 50-day moving average price of $722.21 and a 200 day moving average price of $711.55.

KLA (NASDAQ:KLAC) last announced 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 return on equity of 108.60% and a net margin of 29.58%. Equities research analysts forecast that KLA Co. will post 31.59 earnings per share for the current year.

KLA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Monday, February 24th were given a $1.70 dividend. The ex-dividend date was Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.96%. KLA’s dividend payout ratio (DPR) is presently 28.60%.

Analysts Set New Price Targets

Several brokerages have weighed in on KLAC. UBS Group upped their price target on KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft upped their price target on KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Stifel Nicolaus upped their price target on KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a report on Friday, January 31st. StockNews.com downgraded KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, Barclays upped their price target on KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $831.68.

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.