Horizon Investments LLC Has $4.10 Million Stock Position in KLA Co. (NASDAQ:KLAC)

Horizon Investments LLC raised its stake in KLA Co. (NASDAQ:KLAC) by 80.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,498 shares of the semiconductor company’s stock after acquiring an additional 2,899 shares during the quarter. Horizon Investments LLC’s holdings in KLA were worth $4,095,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new stake in shares of KLA during the third quarter valued at about $29,000. Tortoise Investment Management LLC lifted its stake in shares of KLA by 300.0% in the 4th quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 36 shares during the period. TCTC Holdings LLC bought a new position in shares of KLA during the 4th quarter worth approximately $31,000. Kohmann Bosshard Financial Services LLC bought a new position in KLA during the fourth quarter worth $32,000. Finally, Fairfield Financial Advisors LTD boosted its position in shares of KLA by 160.0% during the 4th quarter. Fairfield Financial Advisors LTD now owns 65 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 40 shares in the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Stock Up 0.7 %

Shares of KLAC opened at $718.29 on Tuesday. The firm has a market cap of $95.45 billion, a P/E ratio of 30.21, a P/E/G ratio of 1.57 and a beta of 1.30. KLA Co. has a 1 year low of $609.40 and a 1 year high of $896.32. The stock has a 50 day simple moving average of $727.37 and a two-hundred day simple moving average of $705.16. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63.

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

KLA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Monday, February 24th were issued a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a yield of 0.95%. The ex-dividend date was Monday, February 24th. KLA’s dividend payout ratio is presently 28.60%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on KLAC. The Goldman Sachs Group lifted their price target on shares of KLA from $759.00 to $864.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Stifel Nicolaus upped their price objective on KLA from $800.00 to $825.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Susquehanna raised their price target on shares of KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Morgan Stanley boosted their price objective on KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. Finally, Needham & Company LLC boosted their target price on shares of KLA from $800.00 to $830.00 and gave the company a “buy” rating in a report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $830.67.

About KLA

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.