GFG Capital LLC Grows Stock Holdings in KLA Co. (NASDAQ:KLAC)

GFG Capital LLC raised its position in KLA Co. (NASDAQ:KLAC) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,806 shares of the semiconductor company’s stock after purchasing an additional 74 shares during the period. KLA accounts for 1.5% of GFG Capital LLC’s investment portfolio, making the stock its 18th biggest position. GFG Capital LLC’s holdings in KLA were worth $5,549,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Creative Planning lifted its holdings in shares of KLA by 16.1% during the 3rd quarter. Creative Planning now owns 39,771 shares of the semiconductor company’s stock worth $29,796,000 after acquiring an additional 5,519 shares during the last quarter. Swedbank AB lifted its holdings in shares of KLA by 0.4% during the 3rd quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock worth $426,660,000 after acquiring an additional 2,019 shares during the last quarter. BOS Asset Management LLC lifted its holdings in shares of KLA by 27.0% during the 3rd quarter. BOS Asset Management LLC now owns 1,209 shares of the semiconductor company’s stock worth $936,000 after acquiring an additional 257 shares during the last quarter. Paragon Capital Management Inc. bought a new stake in shares of KLA during the 3rd quarter worth $716,000. Finally, ZWJ Investment Counsel Inc. lifted its holdings in shares of KLA by 18.2% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 292 shares of the semiconductor company’s stock worth $226,000 after acquiring an additional 45 shares during the last quarter. 86.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on KLAC. Needham & Company LLC lifted their price objective on shares of KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a report on Friday, January 31st. StockNews.com downgraded shares of KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Morgan Stanley lifted their target price 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. Cantor Fitzgerald lifted their target price 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. Finally, TD Cowen decreased their target price on shares of KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $831.68.

KLA Price Performance

Shares of NASDAQ KLAC opened at $764.28 on Friday. KLA Co. has a 1 year low of $609.40 and a 1 year high of $896.32. 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 company’s 50-day moving average is $692.63 and its 200 day moving average is $715.14. The stock has a market capitalization of $101.57 billion, a P/E ratio of 32.14, a P/E/G ratio of 1.54 and a beta of 1.28.

KLA (NASDAQ:KLAC) last issued its 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 net margin of 29.58% and a return on equity of 108.60%. On average, sell-side analysts expect that KLA Co. will post 31.59 earnings per share for the current year.

KLA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th will be paid a $1.70 dividend. This represents a $6.80 annualized dividend and a dividend yield of 0.89%. KLA’s dividend payout ratio is presently 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.