Twin Peaks Wealth Advisors LLC Raises Stock Position in KLA Co. (NASDAQ:KLAC)

Twin Peaks Wealth Advisors LLC raised its stake in shares of KLA Co. (NASDAQ:KLAC) by 11.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 499 shares of the semiconductor company’s stock after buying an additional 52 shares during the period. Twin Peaks Wealth Advisors LLC’s holdings in KLA were worth $314,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Swedbank AB grew its stake in shares of KLA by 0.4% during the 3rd quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock valued at $426,660,000 after purchasing an additional 2,019 shares during the period. Private Advisor Group LLC grew its position in KLA by 0.5% during the third quarter. Private Advisor Group LLC now owns 5,750 shares of the semiconductor company’s stock valued at $4,453,000 after buying an additional 28 shares during the period. Capital Advisors Ltd. LLC increased its holdings in KLA by 31.5% during the third quarter. Capital Advisors Ltd. LLC now owns 305 shares of the semiconductor company’s stock valued at $236,000 after buying an additional 73 shares during the last quarter. Colton Groome Financial Advisors LLC raised its position in KLA by 6.8% in the third quarter. Colton Groome Financial Advisors LLC now owns 2,903 shares of the semiconductor company’s stock worth $2,248,000 after acquiring an additional 185 shares during the period. Finally, Inscription Capital LLC boosted its stake in shares of KLA by 5.5% during the 3rd quarter. Inscription Capital LLC now owns 1,404 shares of the semiconductor company’s stock worth $1,088,000 after acquiring an additional 73 shares during the last quarter. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on KLAC shares. Cantor Fitzgerald raised their target price on KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Susquehanna raised their price objective on KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Oppenheimer upgraded KLA from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $750.00 to $850.00 in a research note on Thursday, October 31st. Stifel Nicolaus raised their target price on shares of KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Finally, 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, January 31st. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $831.68.

KLA Trading Down 2.2 %

KLAC stock opened at $737.57 on Tuesday. The firm has a market cap of $98.01 billion, a PE ratio of 31.02, a price-to-earnings-growth ratio of 1.57 and a beta of 1.28. The firm has a fifty day moving average price of $710.18 and a 200 day moving average price of $715.85. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36. KLA Co. has a fifty-two week low of $609.40 and a fifty-two week high of $896.32.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, topping analysts’ consensus estimates of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%. Sell-side analysts anticipate that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th will be paid a $1.70 dividend. This represents a $6.80 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Monday, February 24th. KLA’s payout ratio is 28.60%.

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.