Allworth Financial LP Has $5.74 Million Holdings in KLA Co. (NASDAQ:KLAC)

Allworth Financial LP lifted its stake in shares of KLA Co. (NASDAQ:KLAC) by 5.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,116 shares of the semiconductor company’s stock after purchasing an additional 485 shares during the period. Allworth Financial LP’s holdings in KLA were worth $5,744,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Legacy Investment Solutions LLC bought a new position in KLA in the 3rd quarter valued at $29,000. Groupama Asset Managment lifted its stake in shares of KLA by 82.3% during the third quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 2,038 shares during the period. Capital Performance Advisors LLP bought a new position in KLA in the third quarter valued at about $38,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in KLA in the fourth quarter worth about $43,000. Finally, Ameliora Wealth Management Ltd. bought a new stake in KLA during the 4th quarter worth about $47,000. Institutional investors and hedge funds own 86.65% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on KLAC. Barclays lifted their price target on shares of KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. 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 report on Monday, February 3rd. Wells Fargo & Company increased their price target on KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Oppenheimer raised KLA from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $750.00 to $850.00 in a research note on Thursday, October 31st. Finally, UBS Group increased their target price on KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $831.68.

KLA Stock Down 1.8 %

KLAC stock opened at $750.74 on Monday. 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 stock has a market capitalization of $99.77 billion, a P/E ratio of 31.57, a P/E/G ratio of 1.54 and a beta of 1.28. KLA Co. has a fifty-two week low of $609.40 and a fifty-two week high of $896.32. The business has a 50-day moving average of $697.11 and a 200-day moving average of $714.99.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share 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 anticipate that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th will be given a dividend of $1.70 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $6.80 annualized dividend and a yield of 0.91%. KLA’s dividend payout ratio (DPR) is presently 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.