MinichMacGregor Wealth Management LLC Purchases 2,089 Shares of KLA Co. (NASDAQ:KLAC)

MinichMacGregor Wealth Management LLC increased its position in shares of KLA Co. (NASDAQ:KLAC) by 20.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,508 shares of the semiconductor company’s stock after acquiring an additional 2,089 shares during the period. KLA comprises 1.6% of MinichMacGregor Wealth Management LLC’s holdings, making the stock its 29th largest holding. MinichMacGregor Wealth Management LLC’s holdings in KLA were worth $7,882,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new position in KLA in the 3rd quarter valued at approximately $29,000. Capital Performance Advisors LLP bought a new position in shares of KLA in the 3rd quarter valued at $38,000. FSA Wealth Management LLC acquired a new stake in shares of KLA during the 3rd quarter valued at $53,000. Peterson Financial Group Inc. bought a new stake in KLA during the 3rd quarter worth $56,000. Finally, Prospera Private Wealth LLC acquired a new position in KLA in the 3rd quarter worth about $58,000. 86.65% of the stock is currently owned by institutional investors and hedge funds.

KLA Trading Up 0.6 %

NASDAQ KLAC opened at $771.91 on Thursday. KLA Co. has a 12 month low of $581.70 and a 12 month high of $896.32. The stock’s fifty day moving average price is $658.87 and its 200-day moving average price is $723.16. The stock has a market cap of $103.25 billion, a P/E ratio of 35.25, a P/E/G ratio of 1.65 and a beta of 1.27. The company has a current ratio of 2.13, a quick ratio of 1.48 and a debt-to-equity ratio of 1.65.

KLA (NASDAQ:KLAC) last released its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, topping the consensus estimate of $7.03 by $0.30. KLA had a return on equity of 105.16% and a net margin of 28.92%. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.75 billion. During the same period last year, the company earned $5.74 EPS. KLA’s revenue for the quarter was up 18.5% on a year-over-year basis. As a group, equities analysts forecast that KLA Co. will post 30.34 EPS for the current fiscal year.

KLA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th were given a $1.70 dividend. The ex-dividend date was Monday, November 18th. This is an increase from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 annualized dividend and a yield of 0.88%. KLA’s dividend payout ratio (DPR) is presently 31.05%.

Wall Street Analyst Weigh In

KLAC has been the topic of several recent research reports. Cantor Fitzgerald reiterated a “neutral” rating and set a $925.00 target price on shares of KLA in a research report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of KLA from $890.00 to $750.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Barclays lowered their target price on KLA from $750.00 to $700.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Oppenheimer upgraded KLA from a “market perform” rating to an “outperform” rating and upped their price target for the company from $750.00 to $850.00 in a research report on Thursday, October 31st. Finally, Wells Fargo & Company lowered their price objective on KLA from $800.00 to $795.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $806.35.

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.