HB Wealth Management LLC Purchases 645 Shares of KLA Co. (NASDAQ:KLAC)

HB Wealth Management LLC increased its position in shares of KLA Co. (NASDAQ:KLAC) by 15.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,790 shares of the semiconductor company’s stock after buying an additional 645 shares during the period. HB Wealth Management LLC’s holdings in KLA were worth $3,018,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Swedbank AB raised its stake in KLA by 0.4% during the third quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock worth $426,660,000 after buying an additional 2,019 shares during the last quarter. Community Financial Services Group LLC grew its holdings in KLA by 538.5% in the third quarter. Community Financial Services Group LLC now owns 7,445 shares of the semiconductor company’s stock worth $5,765,000 after purchasing an additional 6,279 shares during the period. Eastern Bank grew its holdings in KLA by 655.8% in the third quarter. Eastern Bank now owns 27,368 shares of the semiconductor company’s stock worth $21,194,000 after purchasing an additional 23,747 shares during the period. ING Groep NV grew its holdings in KLA by 52.4% in the third quarter. ING Groep NV now owns 79,763 shares of the semiconductor company’s stock worth $61,769,000 after purchasing an additional 27,436 shares during the period. Finally, Daiwa Securities Group Inc. grew its holdings in KLA by 14.1% in the third quarter. Daiwa Securities Group Inc. now owns 33,215 shares of the semiconductor company’s stock worth $25,722,000 after purchasing an additional 4,112 shares during the period. Institutional investors own 86.65% of the company’s stock.

Analyst Upgrades and Downgrades

KLAC has been the subject of a number of research reports. Needham & Company LLC upgraded shares of KLA from a “hold” rating to a “buy” rating and set a $750.00 price target for the company in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of KLA from $890.00 to $750.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Oppenheimer upgraded shares of KLA from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $750.00 to $850.00 in a report on Thursday, October 31st. TD Cowen reduced their price objective on shares of KLA from $760.00 to $725.00 and set a “hold” rating for the company in a report on Thursday, October 31st. Finally, Wells Fargo & Company reduced their price objective on shares of KLA from $800.00 to $795.00 and set an “overweight” rating for the company in a report on Monday, January 13th. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, KLA currently has a consensus rating of “Moderate Buy” and an average target price of $806.60.

KLA Stock Up 1.4 %

KLAC opened at $757.47 on Monday. The company has a quick ratio of 1.48, a current ratio of 2.13 and a debt-to-equity ratio of 1.65. The stock has a market cap of $101.32 billion, a price-to-earnings ratio of 34.59, a PEG ratio of 1.47 and a beta of 1.27. KLA Co. has a twelve month low of $577.00 and a twelve month high of $896.32. The company’s 50-day moving average price is $654.99 and its two-hundred day moving average price is $724.46.

KLA (NASDAQ:KLAC) last released its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share for the quarter, beating analysts’ consensus estimates of $7.03 by $0.30. The firm had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.75 billion. KLA had a net margin of 28.92% and a return on equity of 105.16%. The company’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the company earned $5.74 earnings per share. As a group, equities analysts expect that KLA Co. will post 30.37 earnings per share for the current year.

KLA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were paid a dividend of $1.70 per share. This is a boost from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend was Monday, November 18th. KLA’s dividend payout ratio is presently 31.05%.

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.