KLA Co. (NASDAQ:KLAC) Stock Holdings Boosted by Cerro Pacific Wealth Advisors LLC

Cerro Pacific Wealth Advisors LLC lifted its position in KLA Co. (NASDAQ:KLACFree Report) by 6.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,935 shares of the semiconductor company’s stock after buying an additional 185 shares during the period. Cerro Pacific Wealth Advisors LLC’s holdings in KLA were worth $1,849,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Lifestyle Asset Management Inc. boosted its holdings in KLA by 8.7% during the fourth quarter. Lifestyle Asset Management Inc. now owns 386 shares of the semiconductor company’s stock worth $243,000 after buying an additional 31 shares in the last quarter. MinichMacGregor Wealth Management LLC lifted its position in shares of KLA by 20.0% during the 4th quarter. MinichMacGregor Wealth Management LLC now owns 12,508 shares of the semiconductor company’s stock valued at $7,882,000 after acquiring an additional 2,089 shares during the last quarter. Paradiem LLC lifted its position in shares of KLA by 33.3% during the 4th quarter. Paradiem LLC now owns 9,905 shares of the semiconductor company’s stock valued at $6,241,000 after acquiring an additional 2,474 shares during the last quarter. Global Trust Asset Management LLC boosted its stake in shares of KLA by 25.3% during the 4th quarter. Global Trust Asset Management LLC now owns 749 shares of the semiconductor company’s stock worth $472,000 after acquiring an additional 151 shares in the last quarter. Finally, Advisory Alpha LLC grew its holdings in shares of KLA by 20.4% in the 4th quarter. Advisory Alpha LLC now owns 585 shares of the semiconductor company’s stock worth $369,000 after acquiring an additional 99 shares during the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Price Performance

NASDAQ KLAC opened at $760.95 on Friday. The firm has a market cap of $101.78 billion, a P/E ratio of 34.75, a price-to-earnings-growth ratio of 1.66 and a beta of 1.27. The stock’s 50-day moving average is $661.42 and its two-hundred day moving average is $723.50. KLA Co. has a fifty-two week low of $581.70 and a fifty-two week high of $896.32. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.13 and a quick ratio of 1.48.

KLA (NASDAQ:KLACGet Free Report) last posted its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share 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 firm had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.75 billion. During the same period in the previous year, the company earned $5.74 EPS. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. On average, analysts anticipate that KLA Co. will post 30.34 earnings per share for the current fiscal year.

KLA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were issued a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend was Monday, November 18th. This is an increase from KLA’s previous quarterly dividend of $1.45. KLA’s dividend payout ratio (DPR) is 31.05%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KLAC. StockNews.com downgraded KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft decreased their target price 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 boosted their price target for the company from $750.00 to $850.00 in a report on Thursday, October 31st. Needham & Company LLC raised shares of KLA from a “hold” rating to a “buy” rating and set a $750.00 price objective for the company in a research note on Monday, January 13th. Finally, The Goldman Sachs Group cut their target price on shares of KLA from $850.00 to $759.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $806.35.

Check Out Our Latest Stock Report on KLA

About KLA

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for KLA (NASDAQ:KLAC)

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