KLA Co. (NASDAQ:KLAC) Position Increased by Lifestyle Asset Management Inc.

by · The Cerbat Gem

Lifestyle Asset Management Inc. lifted its holdings in shares of KLA Co. (NASDAQ:KLAC – Free Report) by 8.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 355 shares of the semiconductor company’s stock after buying an additional 27 shares during the period. Lifestyle Asset Management Inc.’s holdings in KLA were worth $275,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Family Firm Inc. bought a new position in KLA during the second quarter valued at about $30,000. Cedar Wealth Management LLC boosted its holdings in shares of KLA by 77.3% during the first quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 17 shares during the period. 1620 Investment Advisors Inc. acquired a new position in shares of KLA in the second quarter worth $44,000. LRI Investments LLC acquired a new position in KLA in the 1st quarter worth about $46,000. Finally, Olistico Wealth LLC bought a new stake in shares of KLA in the 2nd quarter valued at approximately $53,000. 86.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on KLAC shares. Oppenheimer upgraded KLA from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $750.00 to $850.00 in a research note on Thursday, October 31st. The Goldman Sachs Group boosted their price target on KLA from $735.00 to $838.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. TD Cowen dropped their price objective on shares of KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. StockNews.com upgraded KLA from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Finally, Susquehanna reduced their price objective on KLA from $680.00 to $675.00 and set a “neutral” rating on the stock in a research note on Friday, October 11th. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, KLA has an average rating of “Moderate Buy” and an average target price of $802.90.

View Our Latest Report on KLA

KLA Stock Up 2.5 %

NASDAQ KLAC opened at $686.15 on Friday. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.13 and a quick ratio of 1.48. KLA Co. has a fifty-two week low of $504.66 and a fifty-two week high of $896.32. The stock has a market capitalization of $91.78 billion, a PE ratio of 31.33, a PEG ratio of 1.40 and a beta of 1.29. The business has a fifty day moving average price of $735.90 and a two-hundred day moving average price of $763.89.

KLA (NASDAQ:KLAC – Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share for the quarter, beating the consensus estimate of $7.03 by $0.30. The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.75 billion. KLA had a return on equity of 105.16% and a net margin of 28.92%. KLA’s revenue was up 18.5% compared to the same quarter last year. During the same period last year, the firm posted $5.74 earnings per share. Equities analysts expect that KLA Co. will post 30.91 earnings per share for the current fiscal year.

KLA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Monday, November 18th will be given a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 0.99%. This is a boost from KLA’s previous quarterly dividend of $1.45. KLA’s dividend payout ratio is currently 26.48%.

KLA Company Profile

(Free Report)

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.

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