KLA Co. (NASDAQ:KLAC) Shares Bought by Florida Financial Advisors LLC

Florida Financial Advisors LLC increased its holdings in KLA Co. (NASDAQ:KLAC) by 16.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 665 shares of the semiconductor company’s stock after buying an additional 93 shares during the period. Florida Financial Advisors LLC’s holdings in KLA were worth $419,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of KLAC. Parnassus Investments LLC lifted its holdings in KLA by 381.3% in the fourth quarter. Parnassus Investments LLC now owns 733,328 shares of the semiconductor company’s stock worth $462,085,000 after purchasing an additional 580,967 shares during the period. Proficio Capital Partners LLC raised its holdings in KLA by 114,444.5% during the 4th quarter. Proficio Capital Partners LLC now owns 342,488 shares of the semiconductor company’s stock worth $215,809,000 after buying an additional 342,189 shares during the period. Two Sigma Advisers LP boosted its stake in KLA by 10,766.7% in the 3rd quarter. Two Sigma Advisers LP now owns 228,200 shares of the semiconductor company’s stock worth $176,720,000 after purchasing an additional 226,100 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of KLA in the fourth quarter worth $142,221,000. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of KLA by 84.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 441,053 shares of the semiconductor company’s stock worth $277,916,000 after purchasing an additional 201,649 shares during the period. Institutional investors and hedge funds own 86.65% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Susquehanna boosted their target price 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. Morgan Stanley boosted their target price on shares of KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a research report on Monday, February 3rd. Barclays raised their price target on KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a research 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 research report on Friday, January 31st. Finally, Stifel Nicolaus upped their price target on KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $830.67.

KLA Trading Up 3.0 %

Shares of NASDAQ:KLAC opened at $727.73 on Tuesday. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64. The firm has a market cap of $96.71 billion, a price-to-earnings ratio of 30.60, a PEG ratio of 1.57 and a beta of 1.30. The company’s fifty day simple moving average is $730.26 and its 200 day simple moving average is $703.24. KLA Co. has a 12 month low of $609.40 and a 12 month high of $896.32.

KLA (NASDAQ:KLAC) last issued its quarterly 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 net margin of 29.58% and a return on equity of 108.60%. As a group, research analysts forecast that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Announces Dividend

The company 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. The ex-dividend date was Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a yield of 0.93%. KLA’s payout ratio is 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.