Leelyn Smith LLC Has $4.27 Million Position in KLA Co. (NASDAQ:KLAC)

Leelyn Smith LLC boosted its stake in shares of KLA Co. (NASDAQ:KLAC) by 0.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,777 shares of the semiconductor company’s stock after acquiring an additional 34 shares during the period. Leelyn Smith LLC’s holdings in KLA were worth $4,270,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KLAC. Parnassus Investments LLC boosted its holdings in shares of KLA by 381.3% in the 4th quarter. Parnassus Investments LLC now owns 733,328 shares of the semiconductor company’s stock valued at $462,085,000 after purchasing an additional 580,967 shares in the last quarter. Proficio Capital Partners LLC lifted its position in shares of KLA by 114,444.5% during the 4th quarter. Proficio Capital Partners LLC now owns 342,488 shares of the semiconductor company’s stock worth $215,809,000 after buying an additional 342,189 shares during the last quarter. Two Sigma Advisers LP boosted its stake in KLA by 10,766.7% in the third quarter. Two Sigma Advisers LP now owns 228,200 shares of the semiconductor company’s stock valued at $176,720,000 after buying an additional 226,100 shares in the last quarter. Raymond James Financial Inc. bought a new position in KLA in the fourth quarter valued at about $142,221,000. Finally, Assenagon Asset Management S.A. raised its stake in KLA by 84.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 441,053 shares of the semiconductor company’s stock worth $277,916,000 after acquiring an additional 201,649 shares in the last quarter. 86.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KLAC has been the topic of several research reports. Morgan Stanley lifted their price target on shares of KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. UBS Group boosted their target price on shares of KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Susquehanna increased their price target on KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. The Goldman Sachs Group boosted their price objective on KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Finally, Cantor Fitzgerald increased their target price on KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $830.67.

KLA Trading Up 0.7 %

NASDAQ KLAC opened at $718.29 on Tuesday. The stock has a market capitalization of $95.45 billion, a P/E ratio of 30.21, a P/E/G ratio of 1.57 and a beta of 1.30. The business has a 50 day simple moving average of $727.37 and a 200 day simple moving average of $705.16. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63. KLA Co. has a one year low of $609.40 and a one year high of $896.32.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data 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 net margin of 29.58% and a return on equity of 108.60%. Research analysts expect that KLA Co. will post 31.59 earnings per share for the current year.

KLA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th were issued a dividend of $1.70 per share. The ex-dividend date was Monday, February 24th. This represents a $6.80 annualized dividend and a dividend yield of 0.95%. KLA’s dividend payout ratio is currently 28.60%.

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.