KLA Co. (NASDAQ:KLAC) Shares Purchased by First Affirmative Financial Network

First Affirmative Financial Network lifted its position in KLA Co. (NASDAQ:KLAC) by 27.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 419 shares of the semiconductor company’s stock after acquiring an additional 90 shares during the period. First Affirmative Financial Network’s holdings in KLA were worth $264,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. CVA Family Office LLC lifted its stake in KLA by 3.7% in the third quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company’s stock valued at $283,000 after acquiring an additional 13 shares during the last quarter. Hutchens & Kramer Investment Management Group LLC lifted its stake in KLA by 3.3% in the 4th quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company’s stock valued at $259,000 after purchasing an additional 13 shares during the last quarter. Marcum Wealth LLC grew its holdings in KLA by 4.1% during the third quarter. Marcum Wealth LLC now owns 384 shares of the semiconductor company’s stock worth $297,000 after purchasing an additional 15 shares during the period. Harbor Capital Advisors Inc. increased its position in KLA by 1.1% during the third quarter. Harbor Capital Advisors Inc. now owns 1,433 shares of the semiconductor company’s stock worth $1,110,000 after buying an additional 16 shares during the last quarter. Finally, Ascent Wealth Partners LLC raised its stake in KLA by 0.4% in the third quarter. Ascent Wealth Partners LLC now owns 4,466 shares of the semiconductor company’s stock valued at $3,459,000 after buying an additional 16 shares during the period. 86.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

KLAC has been the topic of several research analyst reports. Wells Fargo & Company dropped their price objective on shares of KLA from $800.00 to $795.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. UBS Group raised their price objective 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. Needham & Company LLC raised KLA from a “hold” rating to a “buy” rating and set a $750.00 target price on the stock in a research report on Monday, January 13th. StockNews.com cut KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on KLA from $890.00 to $750.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $812.47.

KLA Stock Up 4.1 %

Shares of KLA stock opened at $742.43 on Friday. The company has a current ratio of 2.13, a quick ratio of 1.48 and a debt-to-equity ratio of 1.65. KLA Co. has a 12-month low of $581.70 and a 12-month high of $896.32. The company’s fifty day simple moving average is $671.76 and its two-hundred day simple moving average is $718.50. The company has a market cap of $99.31 billion, a P/E ratio of 33.90, a PEG ratio of 1.66 and a beta of 1.27.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, beating the consensus estimate of $7.73 by $0.47. KLA had a net margin of 28.92% and a return on equity of 105.16%. Research analysts anticipate that KLA Co. will post 30.34 EPS for the current year.

KLA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th were paid a $1.70 dividend. This represents a $6.80 annualized dividend and a dividend yield of 0.92%. The ex-dividend date was Monday, November 18th. This is a boost from KLA’s previous quarterly dividend of $1.45. KLA’s dividend payout ratio is 31.05%.

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.