First Horizon Advisors Inc. Has $326,000 Stake in KLA Co. (NASDAQ:KLAC)

First Horizon Advisors Inc. raised its stake in KLA Co. (NASDAQ:KLAC) by 218.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 560 shares of the semiconductor company’s stock after buying an additional 384 shares during the period. First Horizon Advisors Inc.’s holdings in KLA were worth $326,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Fortitude Family Office LLC bought a new position in KLA during the 4th quarter worth approximately $25,000. Addison Advisors LLC bought a new stake in KLA during the fourth quarter valued at $29,000. Operose Advisors LLC acquired a new stake in KLA during the 3rd quarter worth about $26,000. OFI Invest Asset Management bought a new position in shares of KLA in the 3rd quarter worth about $26,000. Finally, AdvisorNet Financial Inc lifted its stake in shares of KLA by 29.3% in the 4th quarter. AdvisorNet Financial Inc now owns 75 shares of the semiconductor company’s stock valued at $44,000 after purchasing an additional 17 shares during the period. Institutional investors and hedge funds own 86.65% of the company’s stock.

Insider Activity at KLA

In other KLA news, EVP Oreste Donzella sold 3,257 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $697.85, for a total value of $2,272,897.45. Following the completion of the sale, the executive vice president now directly owns 16,922 shares of the company’s stock, valued at $11,809,017.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other KLA news, EVP Oreste Donzella sold 3,257 shares of the business’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $697.85, for a total transaction of $2,272,897.45. Following the sale, the executive vice president now owns 16,922 shares of the company’s stock, valued at approximately $11,809,017.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Bren D. Higgins sold 7,018 shares of KLA stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $705.04, for a total value of $4,947,970.72. Following the completion of the transaction, the chief financial officer now owns 32,375 shares of the company’s stock, valued at $22,825,670. The disclosure for this sale can be found here. 0.12% of the stock is owned by company insiders.

KLA Price Performance

KLA stock opened at $696.59 on Monday. The stock has a market cap of $93.79 billion, a P/E ratio of 36.49, a P/E/G ratio of 2.97 and a beta of 1.33. The company has a quick ratio of 1.46, a current ratio of 2.14 and a debt-to-equity ratio of 1.90. The company’s 50 day moving average price is $688.02 and its two-hundred day moving average price is $608.56. KLA Co. has a 52 week low of $369.66 and a 52 week high of $729.15.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data on Thursday, April 25th. The semiconductor company reported $5.26 earnings per share for the quarter, topping the consensus estimate of $4.94 by $0.32. The business had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.31 billion. KLA had a return on equity of 102.37% and a net margin of 27.19%. The business’s revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.49 earnings per share. On average, equities analysts predict that KLA Co. will post 23.24 earnings per share for the current year.

KLA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be issued a $1.45 dividend. The ex-dividend date is Tuesday, May 14th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 0.83%. KLA’s dividend payout ratio (DPR) is presently 30.38%.

Analysts Set New Price Targets

KLAC has been the subject of a number of research analyst reports. Bank of America lifted their target price on KLA from $740.00 to $850.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Barclays raised their price target on shares of KLA from $550.00 to $630.00 and gave the stock an “underweight” rating in a report on Friday, April 26th. Raymond James reiterated an “outperform” rating and set a $750.00 price objective (up previously from $625.00) on shares of KLA in a report on Friday, April 26th. Susquehanna restated a “neutral” rating and issued a $675.00 target price on shares of KLA in a research note on Monday, April 1st. Finally, JPMorgan Chase & Co. upped their price target on KLA from $565.00 to $725.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, KLA presently has an average rating of “Moderate Buy” and a consensus price target of $722.26.

KLA Company Profile

KLA Corporation designs, manufactures, and markets 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, Display and Component Inspection.