KLA Co. (NASDAQ:KLAC) Stake Boosted by Dynasty Wealth Management LLC

Dynasty Wealth Management LLC increased its position in shares of KLA Co. (NASDAQ:KLAC) by 4.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,215 shares of the semiconductor company’s stock after buying an additional 94 shares during the quarter. Dynasty Wealth Management LLC’s holdings in KLA were worth $1,396,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Swedbank AB increased its holdings in KLA by 0.4% in the third quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock worth $426,660,000 after buying an additional 2,019 shares during the last quarter. abrdn plc lifted its position in shares of KLA by 18.0% in the third quarter. abrdn plc now owns 66,596 shares of the semiconductor company’s stock worth $51,318,000 after buying an additional 10,139 shares during the last quarter. Highline Wealth Partners LLC bought a new position in shares of KLA in the 3rd quarter valued at approximately $61,000. Hudson Valley Investment Advisors Inc. ADV boosted its position in KLA by 27.4% during the third quarter. Hudson Valley Investment Advisors Inc. ADV now owns 20,455 shares of the semiconductor company’s stock worth $15,841,000 after purchasing an additional 4,403 shares during the period. Finally, Financial Advocates Investment Management grew its holdings in KLA by 3.6% during the third quarter. Financial Advocates Investment Management now owns 597 shares of the semiconductor company’s stock valued at $462,000 after purchasing an additional 21 shares during the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Stock Performance

Shares of NASDAQ:KLAC opened at $699.16 on Friday. KLA Co. has a 12-month low of $609.40 and a 12-month high of $896.32. The company’s 50 day moving average price is $715.28 and its two-hundred day moving average price is $715.74. The firm has a market cap of $92.91 billion, a PE ratio of 29.40, a PEG ratio of 1.57 and a beta of 1.28. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 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 predict that KLA Co. will post 31.59 earnings per share for the current year.

KLA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th will be issued a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 0.97%. The ex-dividend date is Monday, February 24th. KLA’s dividend payout ratio is currently 28.60%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on KLAC shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Cantor Fitzgerald boosted their price objective on KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Susquehanna lifted 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. Barclays increased their price target on shares of KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Finally, Oppenheimer raised shares of KLA from a “market perform” rating to an “outperform” rating and upped their target price for the company from $750.00 to $850.00 in a research note on Thursday, October 31st. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average 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.