OneDigital Investment Advisors LLC Buys 130 Shares of KLA Co. (NASDAQ:KLAC)

OneDigital Investment Advisors LLC boosted its position in KLA Co. (NASDAQ:KLAC) by 3.9% in the third quarter, HoldingsChannel.com reports. The firm owned 3,499 shares of the semiconductor company’s stock after acquiring an additional 130 shares during the period. OneDigital Investment Advisors LLC’s holdings in KLA were worth $2,709,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Cedar Wealth Management LLC grew its position in shares of KLA by 77.3% in the 1st quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock worth $27,000 after buying an additional 17 shares during the last quarter. Family Firm Inc. acquired a new stake in KLA in the second quarter valued at approximately $30,000. Capital Performance Advisors LLP purchased a new position in KLA in the third quarter worth $38,000. 1620 Investment Advisors Inc. acquired a new position in shares of KLA during the second quarter worth $44,000. Finally, LRI Investments LLC purchased a new stake in shares of KLA during the 1st quarter valued at $45,000. 86.65% of the stock is owned by hedge funds and other institutional investors.

KLA Stock Down 4.7 %

Shares of KLAC opened at $614.46 on Friday. KLA Co. has a 12 month low of $527.11 and a 12 month high of $896.32. The firm has a market cap of $82.19 billion, a P/E ratio of 28.06, a PEG ratio of 1.36 and a beta of 1.29. The company has a current ratio of 2.13, a quick ratio of 1.48 and a debt-to-equity ratio of 1.65. The stock’s 50 day moving average is $721.02 and its two-hundred day moving average is $762.59.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.03 by $0.30. KLA had a net margin of 28.92% and a return on equity of 105.16%. The business had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.75 billion. During the same period last year, the firm posted $5.74 earnings per share. The company’s revenue was up 18.5% compared to the same quarter last year. Analysts predict that KLA Co. will post 30.91 earnings per share for the current fiscal year.

KLA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th will be issued a dividend of $1.70 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 1.11%. This is a boost from KLA’s previous quarterly dividend of $1.45. KLA’s dividend payout ratio is presently 31.05%.

Wall Street Analyst Weigh In

KLAC has been the subject of a number of research analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of KLA in a research note on Thursday, October 31st. StockNews.com upgraded shares of KLA from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. upped their target price on KLA from $800.00 to $950.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. UBS Group dropped their price target on KLA from $900.00 to $765.00 and set a “neutral” rating on the stock in a research note on Thursday, September 12th. Finally, TD Cowen reduced their price objective on KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $802.90.

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.