KLA Co. (NASDAQ:KLAC) Shares Bought by Hartford Financial Management Inc.

Hartford Financial Management Inc. increased its holdings in KLA Co. (NASDAQ:KLAC) by 36.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,111 shares of the semiconductor company’s stock after buying an additional 824 shares during the period. Hartford Financial Management Inc.’s holdings in KLA were worth $1,960,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of KLAC. Legacy Investment Solutions LLC bought a new stake in KLA in the third quarter valued at $29,000. Capital Performance Advisors LLP acquired a new stake in shares of KLA in the 3rd quarter worth about $38,000. FSA Wealth Management LLC bought a new stake in KLA in the 3rd quarter valued at about $53,000. Peterson Financial Group Inc. acquired a new position in KLA during the 3rd quarter valued at about $56,000. Finally, Prospera Private Wealth LLC bought a new position in KLA in the 3rd quarter worth about $58,000. Institutional investors own 86.65% of the company’s stock.

KLA Price Performance

Shares of NASDAQ:KLAC opened at $742.43 on Friday. The business has a fifty day simple moving average of $671.76 and a 200 day simple moving average of $718.50. 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 1 year low of $581.70 and a 1 year high of $896.32. The firm has a market cap of $99.31 billion, a price-to-earnings ratio of 33.90, a P/E/G ratio of 1.54 and a beta of 1.27.

KLA (NASDAQ:KLAC) last announced its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, topping 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%. As a group, sell-side analysts predict that KLA Co. will post 30.34 earnings per share for the current fiscal year.

KLA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th were given a dividend of $1.70 per share. The ex-dividend date was Monday, November 18th. This represents a $6.80 dividend on an annualized basis and a yield of 0.92%. This is a boost from KLA’s previous quarterly dividend of $1.45. KLA’s dividend payout ratio is presently 31.05%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Oppenheimer upgraded KLA from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $750.00 to $850.00 in a research report on Thursday, October 31st. UBS Group raised their price target on KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. The Goldman Sachs Group reduced their price objective on shares of KLA from $850.00 to $759.00 and set a “buy” rating for the company in a report on Friday, January 10th. Cantor Fitzgerald restated a “neutral” rating and set a $925.00 price target on shares of KLA in a research report on Tuesday, October 8th. Finally, TD Cowen decreased their price objective on shares of KLA from $760.00 to $725.00 and set a “hold” rating for the company in a report on Thursday, October 31st. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $812.47.

About KLA

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.