Tandem Wealth Advisors LLC Has $590,000 Stock Holdings in KLA Co. (NASDAQ:KLAC)

Tandem Wealth Advisors LLC raised its holdings in shares of KLA Co. (NASDAQ:KLAC) by 31.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 937 shares of the semiconductor company’s stock after buying an additional 224 shares during the period. KLA makes up approximately 0.3% of Tandem Wealth Advisors LLC’s portfolio, making the stock its 25th largest position. Tandem Wealth Advisors LLC’s holdings in KLA were worth $590,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Eley Financial Management Inc grew its position in KLA by 5.3% in the fourth quarter. Eley Financial Management Inc now owns 1,983 shares of the semiconductor company’s stock valued at $1,250,000 after purchasing an additional 100 shares in the last quarter. Argent Trust Co boosted its stake in shares of KLA by 12.4% during the 4th quarter. Argent Trust Co now owns 2,527 shares of the semiconductor company’s stock worth $1,592,000 after buying an additional 279 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in shares of KLA by 0.9% in the 4th quarter. Treasurer of the State of North Carolina now owns 72,211 shares of the semiconductor company’s stock valued at $45,502,000 after acquiring an additional 659 shares in the last quarter. F M Investments LLC increased its position in shares of KLA by 16.7% in the fourth quarter. F M Investments LLC now owns 1,394 shares of the semiconductor company’s stock valued at $878,000 after acquiring an additional 199 shares during the last quarter. Finally, Evexia Wealth LLC boosted its position in KLA by 3.5% during the fourth quarter. Evexia Wealth LLC now owns 16,823 shares of the semiconductor company’s stock valued at $10,601,000 after purchasing an additional 563 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Cantor Fitzgerald upped their price objective on KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. UBS Group upped their price target on shares of KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. Morgan Stanley raised shares of KLA from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $748.00 to $870.00 in a research report on Monday, March 31st. Jefferies Financial Group reaffirmed a “hold” rating and issued a $725.00 target price (down from $875.00) on shares of KLA in a report on Friday, March 28th. Finally, Wells Fargo & Company lifted their price target on KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $832.17.

KLA Stock Down 6.6 %

KLAC stock opened at $656.76 on Friday. The business’s fifty day moving average price is $707.15 and its two-hundred day moving average price is $695.44. The stock has a market capitalization of $87.27 billion, a price-to-earnings ratio of 27.62, a PEG ratio of 1.57 and a beta of 1.37. KLA Co. has a fifty-two week low of $551.33 and a fifty-two week high of $896.32. 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 (NASDAQ:KLAC) last issued its quarterly earnings data 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 net margin of 29.58% and a return on equity of 108.60%. On average, equities analysts anticipate that KLA Co. will post 31.59 earnings per share for the current 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 given a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend was Monday, February 24th. KLA’s dividend payout ratio is currently 28.60%.

Insider Buying and Selling at KLA

In related news, CFO Bren D. Higgins sold 7,008 shares of the firm’s stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $724.62, for a total value of $5,078,136.96. Following the transaction, the chief financial officer now owns 28,798 shares in the company, valued at approximately $20,867,606.76. This trade represents a 19.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.12% of the company’s stock.

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.