Signet Financial Management LLC Acquires 380 Shares of KLA Co. (NASDAQ:KLAC)

Signet Financial Management LLC boosted its stake in shares of KLA Co. (NASDAQ:KLACFree Report) by 11.9% in the fourth quarter, HoldingsChannel reports. The firm owned 3,568 shares of the semiconductor company’s stock after purchasing an additional 380 shares during the quarter. Signet Financial Management LLC’s holdings in KLA were worth $2,248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KLAC. Miracle Mile Advisors LLC lifted its stake in shares of KLA by 16.1% during the 4th quarter. Miracle Mile Advisors LLC now owns 403 shares of the semiconductor company’s stock worth $254,000 after buying an additional 56 shares during the last quarter. Sunflower Bank N.A. bought a new position in KLA in the 4th quarter valued at about $229,000. Cooper Financial Group raised its holdings in KLA by 15.7% in the 4th quarter. Cooper Financial Group now owns 1,651 shares of the semiconductor company’s stock valued at $1,040,000 after acquiring an additional 224 shares during the period. Asset Allocation & Management Company LLC acquired a new stake in KLA during the fourth quarter worth approximately $268,000. Finally, Fiduciary Alliance LLC bought a new stake in shares of KLA during the fourth quarter worth approximately $1,190,000. 86.65% of the stock is owned by institutional investors.

KLA Price Performance

Shares of KLA stock traded up $7.93 during trading on Monday, reaching $690.99. 1,318,225 shares of the company’s stock were exchanged, compared to its average volume of 1,197,387. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.48 and a current ratio of 2.13. KLA Co. has a 1-year low of $552.85 and a 1-year high of $896.32. The company has a market cap of $92.43 billion, a P/E ratio of 31.55, a PEG ratio of 1.39 and a beta of 1.27. The firm’s 50-day moving average price is $650.27 and its 200 day moving average price is $728.30.

KLA (NASDAQ:KLACGet Free Report) last issued its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, topping the consensus estimate of $7.03 by $0.30. KLA had a return on equity of 105.16% and a net margin of 28.92%. The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.75 billion. During the same quarter in the previous year, the firm earned $5.74 earnings per share. The business’s quarterly revenue was up 18.5% on a year-over-year basis. As a group, research analysts anticipate that KLA Co. will post 30.61 earnings per share for the current year.

KLA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were paid a $1.70 dividend. This is an increase from KLA’s previous quarterly dividend of $1.45. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.80 annualized dividend and a yield of 0.98%. KLA’s dividend payout ratio is presently 31.05%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on KLAC shares. Citigroup lowered their target price on KLA from $960.00 to $900.00 and set a “buy” rating on the stock in a research note on Monday, September 16th. Wells Fargo & Company dropped their target price on KLA from $800.00 to $795.00 and set an “overweight” rating for the company in a report on Monday. The Goldman Sachs Group decreased their price target on shares of KLA from $850.00 to $759.00 and set a “buy” rating on the stock in a research note on Friday. Needham & Company LLC raised shares of KLA from a “hold” rating to a “buy” rating and set a $750.00 price target on the stock in a research report on Monday. Finally, TD Cowen cut their price objective on shares of KLA from $760.00 to $725.00 and set a “hold” rating for the company in a report on Thursday, October 31st. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $809.10.

Check Out Our Latest Stock Report on KLAC

KLA Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for KLA (NASDAQ:KLAC)

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