Global Trust Asset Management LLC Increases Holdings in KLA Co. (NASDAQ:KLAC)

Global Trust Asset Management LLC increased its holdings in shares of KLA Co. (NASDAQ:KLAC) by 25.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 749 shares of the semiconductor company’s stock after acquiring an additional 151 shares during the period. Global Trust Asset Management LLC’s holdings in KLA were worth $472,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. CVA Family Office LLC boosted its stake in KLA by 3.7% in the 3rd quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company’s stock worth $283,000 after purchasing an additional 13 shares during the period. Marcum Wealth LLC lifted its holdings in shares of KLA by 4.1% in the third quarter. Marcum Wealth LLC now owns 384 shares of the semiconductor company’s stock worth $297,000 after buying an additional 15 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of KLA by 1.1% during the third quarter. Harbor Capital Advisors Inc. now owns 1,433 shares of the semiconductor company’s stock worth $1,110,000 after acquiring an additional 16 shares during the last quarter. Ascent Wealth Partners LLC grew its stake in KLA by 0.4% during the third quarter. Ascent Wealth Partners LLC now owns 4,466 shares of the semiconductor company’s stock valued at $3,459,000 after acquiring an additional 16 shares in the last quarter. Finally, Citizens Financial Group Inc. RI increased its holdings in KLA by 2.8% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 582 shares of the semiconductor company’s stock valued at $451,000 after acquiring an additional 16 shares during the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Wall Street Analyst Weigh In

KLAC has been the subject of a number of research analyst reports. The Goldman Sachs Group cut their price objective on KLA from $850.00 to $759.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Susquehanna cut their price target on KLA from $680.00 to $675.00 and set a “neutral” rating for the company in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft decreased their price objective on KLA from $890.00 to $750.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. TD Cowen lowered their target price on KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $925.00 price target on shares of KLA in a research report on Tuesday, October 8th. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, KLA presently has a consensus rating of “Moderate Buy” and an average target price of $807.35.

KLA Trading Up 1.3 %

NASDAQ:KLAC opened at $767.24 on Wednesday. KLA Co. has a 12-month low of $581.70 and a 12-month high of $896.32. The firm has a market cap of $102.63 billion, a PE ratio of 35.03, a price-to-earnings-growth ratio of 1.63 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. The stock has a fifty day moving average price of $656.82 and a 200 day moving average price of $723.78.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data 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. 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 analyst estimates of $2.75 billion. During the same period last year, the business earned $5.74 EPS. The company’s revenue was up 18.5% on a year-over-year basis. Sell-side analysts anticipate that KLA Co. will post 30.37 earnings per share for the current fiscal 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 paid a dividend of $1.70 per share. This is a positive change from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 annualized dividend and a yield of 0.89%. The ex-dividend date was Monday, November 18th. KLA’s dividend payout ratio (DPR) is currently 31.05%.

About KLA

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.