KLA Co. (NASDAQ:KLAC) Shares Purchased by Ariadne Wealth Management LP

Ariadne Wealth Management LP raised its holdings in KLA Co. (NASDAQ:KLAC) by 22.7% in the fourth quarter, Holdings Channel reports. The fund owned 518 shares of the semiconductor company’s stock after buying an additional 96 shares during the period. Ariadne Wealth Management LP’s holdings in KLA were worth $326,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Modern Wealth Management LLC purchased a new stake in shares of KLA in the fourth quarter valued at about $206,000. Haverford Trust Co raised its position in shares of KLA by 2.9% during the 4th quarter. Haverford Trust Co now owns 2,172 shares of the semiconductor company’s stock valued at $1,369,000 after buying an additional 61 shares during the period. Corebridge Financial Inc. lifted its holdings in KLA by 0.5% in the fourth quarter. Corebridge Financial Inc. now owns 45,092 shares of the semiconductor company’s stock valued at $28,413,000 after acquiring an additional 203 shares during the last quarter. Vanguard Group Inc. grew its position in KLA by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 13,484,468 shares of the semiconductor company’s stock worth $8,496,833,000 after acquiring an additional 85,370 shares during the period. Finally, LPL Financial LLC increased its stake in KLA by 1.1% during the fourth quarter. LPL Financial LLC now owns 95,988 shares of the semiconductor company’s stock worth $60,484,000 after acquiring an additional 1,082 shares during the last quarter. 86.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on KLAC shares. The Goldman Sachs Group boosted their price objective on shares of KLA from $759.00 to $864.00 and gave the company a “buy” rating in a report on Friday, January 31st. Stifel Nicolaus lifted their target price on shares of KLA from $800.00 to $825.00 and gave the company a “buy” rating in a report on Friday, January 31st. Cantor Fitzgerald boosted their price objective on KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft raised their target price on KLA from $725.00 to $850.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, Wells Fargo & Company boosted 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 research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $830.67.

KLA Trading Up 3.0 %

Shares of KLA stock opened at $727.73 on Tuesday. The company has a fifty day simple moving average of $730.26 and a 200-day simple moving average of $703.24. KLA Co. has a 12-month low of $609.40 and a 12-month high of $896.32. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. The stock has a market cap of $96.71 billion, a price-to-earnings ratio of 30.60, a PEG ratio of 1.57 and a beta of 1.30.

KLA (NASDAQ:KLAC) last posted its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share 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%. On average, equities analysts forecast that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Dividend Announcement

The firm also recently declared 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. This represents a $6.80 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date was Monday, February 24th. KLA’s dividend payout ratio is currently 28.60%.

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.