1,784 Shares in KLA Co. (NASDAQ:KLAC) Purchased by Greykasell Wealth Strategies Inc.

Greykasell Wealth Strategies Inc. purchased a new stake in KLA Co. (NASDAQ:KLAC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,784 shares of the semiconductor company’s stock, valued at approximately $1,124,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Intact Investment Management Inc. boosted its position in shares of KLA by 36.4% in the 4th quarter. Intact Investment Management Inc. now owns 2,100 shares of the semiconductor company’s stock valued at $1,323,000 after purchasing an additional 560 shares during the period. LBP AM SA boosted its position in shares of KLA by 113.6% in the 4th quarter. LBP AM SA now owns 6,426 shares of the semiconductor company’s stock valued at $4,049,000 after purchasing an additional 3,417 shares during the period. Parnassus Investments LLC boosted its position in shares of KLA by 381.3% in the 4th quarter. Parnassus Investments LLC now owns 733,328 shares of the semiconductor company’s stock valued at $462,085,000 after purchasing an additional 580,967 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of KLA by 6.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 32,388 shares of the semiconductor company’s stock valued at $20,409,000 after purchasing an additional 2,011 shares during the period. Finally, Wintrust Investments LLC boosted its position in shares of KLA by 5.3% in the 4th quarter. Wintrust Investments LLC now owns 420 shares of the semiconductor company’s stock valued at $265,000 after purchasing an additional 21 shares during the period. Institutional investors and hedge funds own 86.65% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on KLAC shares. StockNews.com lowered KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Cantor Fitzgerald increased their price target on shares of KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. The Goldman Sachs Group raised their price target on shares of KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Morgan Stanley upped their price objective 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. Finally, Wells Fargo & Company upped their price target on shares of KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $830.67.

KLA Stock Performance

KLAC opened at $713.00 on Friday. The company has a market cap of $94.75 billion, a PE ratio of 29.98, a price-to-earnings-growth ratio of 1.57 and a beta of 1.30. The stock has a 50-day moving average of $726.81 and a 200-day moving average of $707.13. 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.

KLA (NASDAQ:KLAC) last released its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, topping 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%. As a group, equities research analysts forecast that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Monday, February 24th were paid a dividend of $1.70 per share. The ex-dividend date was Monday, February 24th. This represents a $6.80 annualized dividend and a yield of 0.95%. KLA’s payout ratio is 28.60%.

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.