Keyvantage Wealth LLC Invests $214,000 in KLA Co. (NASDAQ:KLAC)

Keyvantage Wealth LLC purchased a new stake in KLA Co. (NASDAQ:KLAC) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 340 shares of the semiconductor company’s stock, valued at approximately $214,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tortoise Investment Management LLC lifted its holdings in shares of KLA by 300.0% during the 4th quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 36 shares during the period. TCTC Holdings LLC bought a new stake in KLA during the fourth quarter worth $31,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of KLA in the 4th quarter valued at $32,000. Fairfield Financial Advisors LTD raised its holdings 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 buying an additional 40 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in KLA in the fourth quarter valued at about $43,000. Institutional investors own 86.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on KLAC shares. Barclays reduced their price target on shares of KLA from $760.00 to $590.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Stifel Nicolaus lowered their price target on shares of KLA from $825.00 to $750.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Citigroup dropped their price target on KLA from $910.00 to $800.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Wells Fargo & Company upped their target price on KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Finally, Jefferies Financial Group reissued a “hold” rating and set a $725.00 price target (down from $875.00) on shares of KLA in a research note on Friday, March 28th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $804.67.

Insider Activity

In other KLA news, CFO Bren D. Higgins sold 7,008 shares of the business’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $724.62, for a total transaction of $5,078,136.96. Following the completion of the sale, the chief financial officer now owns 28,798 shares in the company, valued at approximately $20,867,606.76. The trade was a 19.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.12% of the company’s stock.

KLA Price Performance

KLA stock opened at $657.11 on Thursday. The stock has a market capitalization of $87.32 billion, a price-to-earnings ratio of 27.63, a PEG ratio of 1.57 and a beta of 1.37. KLA Co. has a 52-week low of $551.33 and a 52-week high of $896.32. 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 stock’s 50 day moving average price is $688.11 and its two-hundred day moving average price is $687.99.

KLA (NASDAQ:KLAC) last issued its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) 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%. On average, equities analysts predict that KLA Co. will post 31.59 earnings per share for the current year.

KLA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were paid a $1.70 dividend. The ex-dividend date was Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a yield of 1.03%. KLA’s dividend payout ratio (DPR) is presently 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.