KLA Co. (NASDAQ:KLAC) Shares Acquired by Lifeworks Advisors LLC

Lifeworks Advisors LLC boosted its holdings in KLA Co. (NASDAQ:KLAC) by 30.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,310 shares of the semiconductor company’s stock after acquiring an additional 775 shares during the period. Lifeworks Advisors LLC’s holdings in KLA were worth $2,085,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in KLAC. Legacy Investment Solutions LLC acquired a new stake in shares of KLA during the third quarter valued at about $29,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of KLA during the 4th quarter worth approximately $32,000. Groupama Asset Managment increased its holdings in 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 purchasing an additional 2,038 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in KLA in the third quarter valued at approximately $38,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in KLA during the fourth quarter worth $43,000. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

KLA Stock Up 2.8 %

Shares of NASDAQ KLAC opened at $711.29 on Friday. KLA Co. has a 1 year low of $609.40 and a 1 year high of $896.32. The company has a market capitalization of $94.52 billion, a price-to-earnings ratio of 29.91, a price-to-earnings-growth ratio of 1.57 and a beta of 1.30. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63. The business has a 50-day moving average of $722.21 and a two-hundred day moving average of $711.55.

KLA (NASDAQ:KLAC) last posted its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, topping the consensus estimate of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. On average, analysts forecast that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Monday, February 24th were paid a dividend of $1.70 per share. The ex-dividend date was Monday, February 24th. This represents a $6.80 annualized dividend and a yield of 0.96%. KLA’s dividend payout ratio is currently 28.60%.

Analyst Ratings Changes

KLAC has been the subject of a number of research reports. The Goldman Sachs Group lifted their price objective on KLA from $759.00 to $864.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Wells Fargo & Company boosted their price target on shares of KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Morgan Stanley increased their price target on shares of KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a research report on Monday, February 3rd. Susquehanna lifted their price objective on shares of KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $831.68.

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.