Taylor Frigon Capital Management LLC Purchases Shares of 2,513 KLA Co. (NASDAQ:KLAC)

Taylor Frigon Capital Management LLC bought a new position in shares of KLA Co. (NASDAQ:KLAC) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 2,513 shares of the semiconductor company’s stock, valued at approximately $1,583,000.

A number of other hedge funds also recently modified their holdings of the stock. State Street Corp lifted its stake in shares of KLA by 2.5% during the 3rd quarter. State Street Corp now owns 5,979,293 shares of the semiconductor company’s stock worth $4,630,424,000 after buying an additional 145,317 shares during the last quarter. Mizuho Securities USA LLC lifted its stake in shares of KLA by 32,828.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock worth $2,647,708,000 after buying an additional 3,408,617 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of KLA by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 3,221,694 shares of the semiconductor company’s stock worth $2,487,971,000 after buying an additional 93,743 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of KLA by 25.7% during the 3rd quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock worth $1,083,684,000 after buying an additional 286,015 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in KLA by 5.9% during the fourth quarter. Bank of New York Mellon Corp now owns 1,153,043 shares of the semiconductor company’s stock worth $726,555,000 after acquiring an additional 64,238 shares during the period. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Trading Up 1.9 %

Shares of KLA stock opened at $738.52 on Thursday. The firm has a market capitalization of $98.14 billion, a PE ratio of 31.06, a price-to-earnings-growth ratio of 1.57 and a beta of 1.28. 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 firm’s 50 day moving average is $713.74 and its 200 day moving average is $715.86. KLA Co. has a 1 year low of $609.40 and a 1 year high of $896.32.

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

KLA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Monday, February 24th will be issued a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Monday, February 24th. KLA’s dividend payout ratio (DPR) is presently 28.60%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on KLAC. Needham & Company LLC raised their price target on shares of KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. UBS Group raised their price target on shares of KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. Barclays raised 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. Susquehanna raised their price target on shares of KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Finally, Wells Fargo & Company raised their price target on shares of KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, KLA has an average rating of “Moderate Buy” and a consensus price target of $831.68.

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.