Journey Strategic Wealth LLC Purchases 469 Shares of KLA Co. (NASDAQ:KLAC)

Journey Strategic Wealth LLC raised its position in KLA Co. (NASDAQ:KLAC) by 76.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,082 shares of the semiconductor company’s stock after acquiring an additional 469 shares during the quarter. Journey Strategic Wealth LLC’s holdings in KLA were worth $682,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Swedbank AB lifted its stake in shares of KLA by 0.4% in the 3rd quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock worth $426,660,000 after purchasing an additional 2,019 shares during the period. Diversify Advisory Services LLC raised its position in KLA by 22.7% in the fourth quarter. Diversify Advisory Services LLC now owns 648 shares of the semiconductor company’s stock worth $443,000 after acquiring an additional 120 shares during the period. Community Financial Services Group LLC boosted its stake in shares of KLA by 538.5% during the 3rd quarter. Community Financial Services Group LLC now owns 7,445 shares of the semiconductor company’s stock worth $5,765,000 after acquiring an additional 6,279 shares during the last quarter. Eastern Bank grew its position in shares of KLA by 655.8% during the 3rd quarter. Eastern Bank now owns 27,368 shares of the semiconductor company’s stock valued at $21,194,000 after acquiring an additional 23,747 shares during the period. Finally, ING Groep NV increased its stake in shares of KLA by 52.4% in the 3rd quarter. ING Groep NV now owns 79,763 shares of the semiconductor company’s stock worth $61,769,000 after purchasing an additional 27,436 shares in the last quarter. 86.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Barclays lifted their target price on KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a research report on Friday. Susquehanna boosted their price objective 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 raised their target price on shares of KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a research note on Friday. Needham & Company LLC upped their price target on shares of KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Morgan Stanley decreased their price objective on shares of KLA from $746.00 to $703.00 and set an “equal weight” rating on the stock in a research report on Thursday, December 5th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, KLA has a consensus rating of “Moderate Buy” and an average target price of $829.32.

KLA Stock Performance

NASDAQ KLAC opened at $738.24 on Monday. The business’s 50 day moving average price is $675.96 and its 200-day moving average price is $716.79. KLA Co. has a fifty-two week low of $581.70 and a fifty-two week high of $896.32. The company has a market cap of $98.75 billion, a P/E ratio of 33.71, a P/E/G ratio of 1.54 and a beta of 1.27. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.48 and a current ratio of 2.13.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, beating analysts’ consensus estimates of $7.73 by $0.47. KLA had a net margin of 28.92% and a return on equity of 105.16%. Sell-side analysts predict that KLA Co. will post 30.34 earnings per share for the current year.

KLA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th were paid a $1.70 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.80 annualized dividend and a yield of 0.92%. This is an increase from KLA’s previous quarterly dividend of $1.45. KLA’s dividend payout ratio (DPR) is presently 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.