SVB Wealth LLC Buys New Shares in KLA Co. (NASDAQ:KLAC)

SVB Wealth LLC purchased a new position in shares of KLA Co. (NASDAQ:KLAC) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,263 shares of the semiconductor company’s stock, valued at approximately $796,000.

A number of other large investors also recently modified their holdings of the business. Legacy Investment Solutions LLC acquired a new stake in shares of KLA in the 3rd quarter valued at approximately $29,000. Capital Performance Advisors LLP bought a new stake in KLA during the third quarter worth $38,000. FSA Wealth Management LLC acquired a new stake in KLA in the third quarter valued at $53,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of KLA in the 4th quarter valued at about $43,000. Finally, Peterson Financial Group Inc. acquired a new position in shares of KLA during the 3rd quarter worth about $56,000. 86.65% of the stock is currently owned by institutional investors and hedge funds.

KLA Trading Down 2.5 %

Shares of NASDAQ:KLAC opened at $691.15 on Tuesday. The business’s 50 day simple moving average is $717.73 and its 200 day simple moving average is $713.28. KLA Co. has a 1 year low of $609.40 and a 1 year 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. The company has a market capitalization of $91.84 billion, a P/E ratio of 29.06, a P/E/G ratio of 1.57 and a beta of 1.28.

KLA (NASDAQ:KLAC) last released its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. On average, research analysts anticipate that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th will be given a $1.70 dividend. This represents a $6.80 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Monday, February 24th. KLA’s payout ratio is presently 28.60%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on KLAC shares. Morgan Stanley raised their target price on shares of KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. UBS Group raised their price objective on KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. Susquehanna boosted their target price on KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Cantor Fitzgerald raised their price target on KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Finally, Stifel Nicolaus upped their price objective on shares of KLA from $800.00 to $825.00 and gave the company a “buy” rating in a report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, KLA currently has an average rating of “Moderate Buy” and a consensus price target of $831.68.

KLA 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.