KLA Co. (NASDAQ:KLAC) Shares Acquired by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. grew its holdings in KLA Co. (NASDAQ:KLAC) by 37.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,103 shares of the semiconductor company’s stock after buying an additional 3,306 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in KLA were worth $7,626,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Legacy Investment Solutions LLC acquired a new stake in shares of KLA in the third quarter valued at about $29,000. Tortoise Investment Management LLC increased its position in KLA by 300.0% during the fourth quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 36 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in KLA during the fourth quarter worth about $32,000. Groupama Asset Managment increased 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 last quarter. Finally, Fairfield Financial Advisors LTD increased its position in KLA by 160.0% during the fourth quarter. Fairfield Financial Advisors LTD now owns 65 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 40 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors and hedge funds.

KLA Trading Up 0.7 %

NASDAQ KLAC opened at $718.29 on Tuesday. KLA Co. has a one year low of $609.40 and a one year high of $896.32. The firm has a 50 day simple moving average of $727.37 and a 200-day simple moving average of $705.16. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36. The firm has a market cap of $95.45 billion, a price-to-earnings ratio of 30.21, a PEG ratio of 1.57 and a beta of 1.30.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share 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%. Equities research analysts anticipate that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were paid a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Monday, February 24th. KLA’s dividend payout ratio is presently 28.60%.

Analyst Ratings Changes

Several research firms recently issued reports on KLAC. Deutsche Bank Aktiengesellschaft raised their price objective on shares of KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Needham & Company LLC raised their price objective on shares of KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Cantor Fitzgerald raised their price objective on shares of KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. UBS Group increased their target price on shares of KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Finally, The Goldman Sachs Group increased their target price on shares of KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, KLA presently has an average rating of “Moderate Buy” and a consensus target price of $830.67.

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.