Kohmann Bosshard Financial Services LLC Invests $32,000 in KLA Co. (NASDAQ:KLAC)

Kohmann Bosshard Financial Services LLC bought a new position in shares of KLA Co. (NASDAQ:KLAC) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 51 shares of the semiconductor company’s stock, valued at approximately $32,000.

A number of other institutional investors also recently modified their holdings of KLAC. Legacy Investment Solutions LLC acquired a new position in shares of KLA during the third quarter worth approximately $29,000. Groupama Asset Managment raised its position 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 buying an additional 2,038 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in KLA in the 3rd quarter valued at $38,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in KLA in the 4th quarter valued at $43,000. Finally, Ameliora Wealth Management Ltd. purchased a new stake in KLA in the 4th quarter valued at $47,000. 86.65% of the stock is owned by institutional investors and hedge funds.

KLA Stock Down 2.5 %

Shares of NASDAQ KLAC opened at $691.15 on Tuesday. KLA Co. has a 52 week low of $609.40 and a 52 week high of $896.32. The business has a 50-day simple moving average of $717.73 and a two-hundred day simple moving average of $713.28. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64. The company has a market cap of $91.84 billion, a P/E ratio of 29.06, a P/E/G ratio of 1.57 and a beta of 1.28.

KLA (NASDAQ:KLAC) last issued its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS 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%. Research analysts anticipate that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th will be paid a $1.70 dividend. The ex-dividend date is Monday, February 24th. This represents a $6.80 annualized dividend and a yield of 0.98%. KLA’s dividend payout ratio is currently 28.60%.

Analyst Ratings Changes

A number of research firms recently commented on KLAC. Needham & Company LLC increased their price target on KLA from $800.00 to $830.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Stifel Nicolaus increased their price target on KLA from $800.00 to $825.00 and gave the company a “buy” rating in a research report on Friday, January 31st. The Goldman Sachs Group upped 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. Morgan Stanley upped their price objective on KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. Finally, Wells Fargo & Company upped their price objective on KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Seven 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.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $831.68.

KLA Company 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.