Independent Advisor Alliance Grows Stock Position in KLA Co. (NASDAQ:KLAC)

Independent Advisor Alliance increased its position in shares of KLA Co. (NASDAQ:KLAC) by 24.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,894 shares of the semiconductor company’s stock after purchasing an additional 772 shares during the quarter. Independent Advisor Alliance’s holdings in KLA were worth $2,454,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in KLAC. State Street Corp grew its holdings in shares of KLA by 2.5% during the third quarter. State Street Corp now owns 5,979,293 shares of the semiconductor company’s stock worth $4,630,424,000 after buying an additional 145,317 shares in the last quarter. Mizuho Securities USA LLC grew its stake in KLA by 32,828.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock valued at $2,647,708,000 after acquiring an additional 3,408,617 shares in the last quarter. Geode Capital Management LLC raised its holdings in KLA by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,221,694 shares of the semiconductor company’s stock valued at $2,487,971,000 after acquiring an additional 93,743 shares during the last quarter. Amundi lifted its stake in KLA by 9.4% in the 4th quarter. Amundi now owns 1,394,260 shares of the semiconductor company’s stock worth $953,774,000 after purchasing an additional 119,845 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in KLA by 5.9% in the 4th quarter. Bank of New York Mellon Corp now owns 1,153,043 shares of the semiconductor company’s stock worth $726,555,000 after purchasing an additional 64,238 shares in the last quarter. 86.65% of the stock is owned by institutional investors and hedge funds.

KLA Stock Up 0.2 %

Shares of KLAC opened at $681.50 on Friday. The company’s 50-day simple moving average is $725.69 and its 200-day simple moving average is $707.73. 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 1 year low of $609.40 and a 1 year high of $896.32. The stock has a market capitalization of $90.56 billion, a PE ratio of 28.66, a P/E/G ratio of 1.57 and a beta of 1.30.

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 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%. Analysts forecast 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 was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were issued a dividend of $1.70 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $6.80 annualized dividend and a yield of 1.00%. KLA’s dividend payout ratio (DPR) is 28.60%.

Wall Street Analysts Forecast Growth

KLAC has been the subject of several recent research reports. Morgan Stanley increased their price target on KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. The Goldman Sachs Group raised their target price on KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Barclays lifted their price target on KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. StockNews.com lowered shares of KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, Cantor Fitzgerald lifted their target price on shares of KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, KLA presently has a consensus 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.