McLean Asset Management Corp Grows Stake in KLA Co. (NASDAQ:KLAC)

McLean Asset Management Corp boosted its position in KLA Co. (NASDAQ:KLAC) by 7.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 820 shares of the semiconductor company’s stock after buying an additional 55 shares during the period. McLean Asset Management Corp’s holdings in KLA were worth $517,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. CVA Family Office LLC grew its holdings in KLA by 3.7% during the 3rd quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company’s stock valued at $283,000 after buying an additional 13 shares during the last quarter. Marcum Wealth LLC grew its holdings in KLA by 4.1% during the 3rd quarter. Marcum Wealth LLC now owns 384 shares of the semiconductor company’s stock valued at $297,000 after buying an additional 15 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in KLA by 1.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,433 shares of the semiconductor company’s stock valued at $1,110,000 after buying an additional 16 shares during the last quarter. Ascent Wealth Partners LLC boosted its holdings in shares of KLA by 0.4% during the third quarter. Ascent Wealth Partners LLC now owns 4,466 shares of the semiconductor company’s stock worth $3,459,000 after purchasing an additional 16 shares during the last quarter. Finally, Citizens Financial Group Inc. RI boosted its holdings in shares of KLA by 2.8% during the third quarter. Citizens Financial Group Inc. RI now owns 582 shares of the semiconductor company’s stock worth $451,000 after purchasing an additional 16 shares during the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Stock Down 1.5 %

NASDAQ:KLAC opened at $749.82 on Monday. The company has a market capitalization of $100.30 billion, a price-to-earnings ratio of 34.24, a price-to-earnings-growth ratio of 1.66 and a beta of 1.27. KLA Co. has a one year low of $581.70 and a one year high of $896.32. The stock has a 50-day simple moving average of $666.45 and a 200 day simple moving average of $721.89. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.48 and a current ratio of 2.13.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share (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 business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.75 billion. During the same period in the previous year, the firm posted $5.74 earnings per share. The business’s revenue was up 18.5% on a year-over-year basis. Sell-side analysts predict that KLA Co. will post 30.34 EPS for the current fiscal year.

KLA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th were issued a $1.70 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.80 annualized dividend and a dividend yield of 0.91%. This is a boost from KLA’s previous quarterly dividend of $1.45. KLA’s dividend payout ratio is currently 31.05%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. TD Cowen decreased their price objective on KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. Cantor Fitzgerald reiterated a “neutral” rating and issued a $925.00 target price on shares of KLA in a report on Tuesday, October 8th. The Goldman Sachs Group reduced their target price on KLA from $850.00 to $759.00 and set a “buy” rating on the stock in a report on Friday, January 10th. UBS Group lifted their target price on KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. Finally, Barclays reduced their target price on KLA from $750.00 to $700.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $812.47.

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.