Flagship Wealth Advisors LLC Takes Position in KLA Co. (NASDAQ:KLAC)

Flagship Wealth Advisors LLC purchased a new stake in KLA Co. (NASDAQ:KLAC) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 166 shares of the semiconductor company’s stock, valued at approximately $105,000.

A number of other institutional investors also recently modified their holdings of KLAC. Parnassus Investments LLC raised its holdings in KLA by 381.3% during the fourth quarter. Parnassus Investments LLC now owns 733,328 shares of the semiconductor company’s stock worth $462,085,000 after acquiring an additional 580,967 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in KLA by 114,444.5% during the fourth quarter. Proficio Capital Partners LLC now owns 342,488 shares of the semiconductor company’s stock worth $215,809,000 after acquiring an additional 342,189 shares in the last quarter. Two Sigma Advisers LP raised its holdings in KLA by 10,766.7% during the third quarter. Two Sigma Advisers LP now owns 228,200 shares of the semiconductor company’s stock worth $176,720,000 after acquiring an additional 226,100 shares in the last quarter. Raymond James Financial Inc. bought a new stake in KLA during the fourth quarter worth about $142,221,000. Finally, Assenagon Asset Management S.A. raised its holdings in KLA by 84.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 441,053 shares of the semiconductor company’s stock worth $277,916,000 after acquiring an additional 201,649 shares in the last quarter. 86.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on KLAC shares. UBS Group upped their target price on KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. StockNews.com downgraded KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft boosted their price target on KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Morgan Stanley boosted their price target on KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a research report on Monday, February 3rd. Finally, Susquehanna boosted their price target on KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $830.67.

KLA Price Performance

KLA stock opened at $718.29 on Tuesday. The company has a market capitalization of $95.45 billion, a price-to-earnings ratio of 30.21, a PEG ratio of 1.57 and a beta of 1.30. 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’s 50 day moving average is $727.37 and its 200-day moving average is $705.16.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. Equities research analysts expect that KLA Co. will post 31.59 EPS for the current year.

KLA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Monday, February 24th were given a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 0.95%. 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.