Greystone Financial Group LLC Has $883,000 Stock Position in KLA Co. (NASDAQ:KLAC)

Greystone Financial Group LLC boosted its holdings in shares of KLA Co. (NASDAQ:KLAC) by 16.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,401 shares of the semiconductor company’s stock after buying an additional 195 shares during the quarter. Greystone Financial Group LLC’s holdings in KLA were worth $883,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

KLAC has been the subject of several research analyst reports. Susquehanna lifted their target price on shares of KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Barclays boosted their price objective on KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. TD Cowen lowered their target price on KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a research note on Thursday, October 31st. Wells Fargo & Company boosted 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. Finally, StockNews.com lowered KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $831.68.

KLA Stock Performance

NASDAQ KLAC opened at $754.30 on Friday. The firm’s 50 day simple moving average is $706.54 and its 200 day simple moving average is $715.48. The firm has a market capitalization of $100.24 billion, a price-to-earnings ratio of 31.72, a P/E/G 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. KLA Co. has a 1 year low of $609.40 and a 1 year high of $896.32.

KLA (NASDAQ:KLAC) last released its 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 return on equity of 108.60% and a net margin of 29.58%. As a group, research analysts expect that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th will be given a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Monday, February 24th. KLA’s dividend payout ratio 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.