Twin Peaks Wealth Advisors LLC Grows Position in KLA Co. (NASDAQ:KLAC)

Twin Peaks Wealth Advisors LLC raised its position in KLA Co. (NASDAQ:KLAC) by 11.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 499 shares of the semiconductor company’s stock after purchasing an additional 52 shares during the period. Twin Peaks Wealth Advisors LLC’s holdings in KLA were worth $314,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in KLAC. State Street Corp raised its holdings in shares of KLA by 2.5% in the third 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 period. Mizuho Securities USA LLC grew its position in KLA by 32,828.8% in the 3rd quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock valued at $2,647,708,000 after acquiring an additional 3,408,617 shares during the last quarter. Geode Capital Management LLC increased its stake in KLA by 3.0% in the third quarter. Geode Capital Management LLC now owns 3,221,694 shares of the semiconductor company’s stock worth $2,487,971,000 after purchasing an additional 93,743 shares during the period. Van ECK Associates Corp lifted its position in shares of KLA by 25.7% during the third quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock worth $1,083,684,000 after purchasing an additional 286,015 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of 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 valued at $726,555,000 after purchasing an additional 64,238 shares during the period. Institutional investors own 86.65% of the company’s stock.

KLA Stock Performance

Shares of KLAC stock opened at $737.57 on Tuesday. KLA Co. has a 12-month low of $609.40 and a 12-month high of $896.32. The business’s fifty day simple moving average is $710.18 and its 200-day simple moving average is $715.85. 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 company has a market cap of $98.01 billion, a PE ratio of 31.02, a PEG ratio of 1.57 and a beta of 1.28.

KLA (NASDAQ:KLAC) last released its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, beating 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%. Analysts expect 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. Shareholders of record on Monday, February 24th will be paid a dividend of $1.70 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a yield of 0.92%. KLA’s payout ratio is 28.60%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on KLAC shares. TD Cowen reduced their price target on shares of KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a research note on Thursday, October 31st. Oppenheimer raised shares of KLA from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $750.00 to $850.00 in a research note on Thursday, October 31st. The Goldman Sachs Group increased their price objective on KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Barclays raised 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. Finally, Wells Fargo & Company increased their price target on KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Seven 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, KLA has a consensus rating of “Moderate Buy” and a consensus target price 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.