Hudson Valley Investment Advisors Inc. ADV Has $13.36 Million Holdings in KLA Co. (NASDAQ:KLAC)

Hudson Valley Investment Advisors Inc. ADV increased its position in shares of KLA Co. (NASDAQ:KLAC) by 3.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,203 shares of the semiconductor company’s stock after buying an additional 748 shares during the period. KLA accounts for approximately 1.5% of Hudson Valley Investment Advisors Inc. ADV’s investment portfolio, making the stock its 16th biggest position. Hudson Valley Investment Advisors Inc. ADV’s holdings in KLA were worth $13,360,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Hawaiian Bank increased its stake in shares of KLA by 26.6% during the 4th quarter. First Hawaiian Bank now owns 1,253 shares of the semiconductor company’s stock worth $790,000 after purchasing an additional 263 shares during the last quarter. Fulton Bank N.A. grew its holdings in KLA by 0.6% during the fourth quarter. Fulton Bank N.A. now owns 13,677 shares of the semiconductor company’s stock worth $8,618,000 after purchasing an additional 81 shares during the period. Range Financial Group LLC increased its position in KLA by 20.0% during the fourth quarter. Range Financial Group LLC now owns 660 shares of the semiconductor company’s stock worth $416,000 after buying an additional 110 shares during the last quarter. Fortem Financial Group LLC raised its stake in KLA by 2.1% in the fourth quarter. Fortem Financial Group LLC now owns 5,839 shares of the semiconductor company’s stock valued at $3,679,000 after buying an additional 119 shares during the period. Finally, Insight Wealth Strategies LLC lifted its position in shares of KLA by 5.5% in the fourth quarter. Insight Wealth Strategies LLC now owns 5,745 shares of the semiconductor company’s stock valued at $3,620,000 after buying an additional 297 shares during the last quarter. 86.65% of the stock is owned by institutional investors.

KLA Price Performance

KLAC stock opened at $686.20 on Friday. The company’s 50-day moving average price is $649.99 and its two-hundred day moving average price is $730.29. KLA Co. has a 12 month low of $549.63 and a 12 month high of $896.32. The company has a quick ratio of 1.48, a current ratio of 2.13 and a debt-to-equity ratio of 1.65. The firm has a market cap of $91.79 billion, a P/E ratio of 31.33, a P/E/G ratio of 1.39 and a beta of 1.27.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share (EPS) 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 analysts’ expectations of $2.75 billion. During the same period last year, the firm posted $5.74 earnings per share. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. On average, analysts anticipate that KLA Co. will post 30.61 earnings per share for the current fiscal year.

KLA Increases Dividend

The firm also recently disclosed 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. This is an increase from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend was Monday, November 18th. KLA’s dividend payout ratio is currently 31.05%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on KLAC. Deutsche Bank Aktiengesellschaft dropped their price target on KLA from $890.00 to $750.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Oppenheimer raised shares of KLA from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $750.00 to $850.00 in a research report on Thursday, October 31st. UBS Group reduced their target price on shares of KLA from $900.00 to $765.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Barclays lowered their price target on shares of KLA from $800.00 to $750.00 and set an “equal weight” rating on the stock in a report on Thursday, October 31st. Finally, Needham & Company LLC restated a “hold” rating on shares of KLA in a report on Thursday, October 31st. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $816.63.

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.