Parcion Private Wealth LLC Raises Stock Holdings in KLA Co. (NASDAQ:KLAC)

Parcion Private Wealth LLC grew its holdings in KLA Co. (NASDAQ:KLAC) by 6.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,565 shares of the semiconductor company’s stock after buying an additional 858 shares during the period. Parcion Private Wealth LLC’s holdings in KLA were worth $9,178,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Legacy Investment Solutions LLC purchased a new stake in KLA during the third quarter valued at approximately $29,000. Groupama Asset Managment raised its holdings in KLA by 82.3% during the 3rd quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 2,038 shares during the period. Capital Performance Advisors LLP bought a new stake in KLA in the third quarter worth $38,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in KLA during the fourth quarter worth $43,000. Finally, Ameliora Wealth Management Ltd. bought a new position in KLA during the fourth quarter valued at $47,000. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

KLA Trading Up 2.2 %

NASDAQ KLAC opened at $774.75 on Thursday. 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 $102.96 billion, a PE ratio of 32.58, a P/E/G ratio of 1.54 and a beta of 1.28. The company has a fifty day moving average of $701.40 and a 200 day moving average of $714.62.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, beating 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%. Research analysts forecast that KLA Co. will post 31.59 earnings per share for the current year.

KLA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th will be issued a $1.70 dividend. The ex-dividend date is Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a yield of 0.88%. KLA’s payout ratio is 28.60%.

Wall Street Analyst Weigh In

KLAC has been the topic of several analyst reports. Cantor Fitzgerald upped their price target on shares of KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft boosted their price objective on KLA from $725.00 to $850.00 and gave the company a “buy” rating in a report on Friday, January 31st. Needham & Company LLC boosted their target price on shares of KLA from $800.00 to $830.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Wells Fargo & Company boosted their price objective on shares of KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, StockNews.com downgraded shares of KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, KLA presently has an average rating of “Moderate Buy” and an average target price 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.