Dynasty Wealth Management LLC Increases Holdings in KLA Co. (NASDAQ:KLAC)

Dynasty Wealth Management LLC lifted its stake in shares of KLA Co. (NASDAQ:KLAC) by 4.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,215 shares of the semiconductor company’s stock after acquiring an additional 94 shares during the period. Dynasty Wealth Management LLC’s holdings in KLA were worth $1,396,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of KLAC. Shoker Investment Counsel Inc. increased its holdings in shares of KLA by 1.0% during the 4th quarter. Shoker Investment Counsel Inc. now owns 6,935 shares of the semiconductor company’s stock worth $4,370,000 after buying an additional 66 shares during the last quarter. QRG Capital Management Inc. raised its holdings in KLA by 0.9% in the fourth quarter. QRG Capital Management Inc. now owns 55,799 shares of the semiconductor company’s stock valued at $35,160,000 after acquiring an additional 480 shares in the last quarter. Alecta Tjanstepension Omsesidigt increased its stake in KLA by 27.0% in the fourth quarter. Alecta Tjanstepension Omsesidigt now owns 423,300 shares of the semiconductor company’s stock valued at $266,683,000 after purchasing an additional 90,000 shares during the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of KLA by 114,444.5% in the 4th quarter. Proficio Capital Partners LLC now owns 342,488 shares of the semiconductor company’s stock valued at $215,809,000 after purchasing an additional 342,189 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of KLA by 1.3% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 36,272 shares of the semiconductor company’s stock valued at $22,856,000 after buying an additional 460 shares during the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Trading Down 5.3 %

Shares of NASDAQ:KLAC opened at $699.16 on Friday. KLA Co. has a twelve month low of $609.40 and a twelve month high of $896.32. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. The firm has a market cap of $92.91 billion, a P/E ratio of 29.40, a P/E/G ratio of 1.57 and a beta of 1.28. The company has a 50 day moving average of $715.28 and a 200-day moving average of $715.74.

KLA (NASDAQ:KLAC) last announced its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share 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%. As a group, analysts anticipate that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Monday, February 24th will be given a $1.70 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.97%. KLA’s dividend payout ratio (DPR) is 28.60%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group boosted their price target on shares of KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Stifel Nicolaus increased their target price on KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. UBS Group lifted their price target on KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. TD Cowen reduced their target price on KLA from $760.00 to $725.00 and set a “hold” rating for the company in a report on Thursday, October 31st. Finally, Barclays upped their price target on shares of KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a research note 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 company. According to data from MarketBeat, KLA has an average rating of “Moderate Buy” and a consensus 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.