Brophy Wealth Management LLC Invests $843,000 in KLA Co. (NASDAQ:KLAC)

Brophy Wealth Management LLC acquired a new stake in shares of KLA Co. (NASDAQ:KLACFree Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,089 shares of the semiconductor company’s stock, valued at approximately $843,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of KLAC. M&T Bank Corp grew its position in shares of KLA by 0.5% during the 3rd quarter. M&T Bank Corp now owns 17,724 shares of the semiconductor company’s stock valued at $13,726,000 after purchasing an additional 83 shares in the last quarter. Continuum Advisory LLC increased its stake in KLA by 13.1% in the 3rd quarter. Continuum Advisory LLC now owns 526 shares of the semiconductor company’s stock worth $407,000 after acquiring an additional 61 shares during the last quarter. EWA LLC increased its stake in KLA by 14.9% in the 3rd quarter. EWA LLC now owns 331 shares of the semiconductor company’s stock worth $256,000 after acquiring an additional 43 shares during the last quarter. Groupama Asset Managment raised its holdings in shares of KLA by 82.3% in the 3rd quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 2,038 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its position in shares of KLA by 9.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 295,236 shares of the semiconductor company’s stock valued at $228,634,000 after acquiring an additional 25,764 shares during the last quarter. Institutional investors own 86.65% of the company’s stock.

KLA Trading Up 0.6 %

KLAC opened at $652.37 on Tuesday. KLA Co. has a one year low of $542.41 and a one year 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. The business has a 50 day simple moving average of $684.86 and a two-hundred day simple moving average of $753.35. The firm has a market capitalization of $87.26 billion, a price-to-earnings ratio of 29.79, a PEG ratio of 1.38 and a beta of 1.28.

KLA (NASDAQ:KLACGet Free Report) last announced its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, beating analysts’ consensus estimates of $7.03 by $0.30. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.75 billion. KLA had a return on equity of 105.16% and a net margin of 28.92%. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.74 earnings per share. Analysts predict that KLA Co. will post 30.61 EPS for the current year.

KLA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were given a dividend of $1.70 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.80 annualized dividend and a dividend yield of 1.04%. This is a boost from KLA’s previous quarterly dividend of $1.45. KLA’s payout ratio is currently 31.05%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on KLAC. UBS Group lowered their target price on shares of KLA from $900.00 to $765.00 and set a “neutral” rating on the stock in a research note on Thursday, September 12th. Wells Fargo & Company dropped their price objective on shares of KLA from $870.00 to $800.00 and set an “overweight” rating for the company in a report on Friday. Barclays reduced their target price on KLA from $800.00 to $750.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 31st. StockNews.com lowered KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Finally, Susquehanna decreased their price objective on KLA from $680.00 to $675.00 and set a “neutral” rating on the stock in a report on Friday, October 11th. Eight equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $812.30.

Get Our Latest Stock Analysis on KLA

KLA Company Profile

(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.

Further Reading

Institutional Ownership by Quarter for KLA (NASDAQ:KLAC)

Receive News & Ratings for KLA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLA and related companies with MarketBeat.com's FREE daily email newsletter.