Florida Financial Advisors LLC Grows Position in KLA Co. (NASDAQ:KLAC)

Florida Financial Advisors LLC increased its holdings in shares of KLA Co. (NASDAQ:KLAC) by 16.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 665 shares of the semiconductor company’s stock after acquiring an additional 93 shares during the quarter. Florida Financial Advisors LLC’s holdings in KLA were worth $419,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new stake in KLA in the 3rd quarter valued at $29,000. Tortoise Investment Management LLC raised its stake in KLA by 300.0% during the fourth quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 36 shares during the period. TCTC Holdings LLC acquired a new position in KLA in the 4th quarter valued at about $31,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of KLA in the 4th quarter valued at approximately $32,000. Finally, Groupama Asset Managment raised its position in shares of 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. 86.65% of the stock is owned by hedge funds and other institutional investors.

KLA Price Performance

KLA stock opened at $727.73 on Tuesday. The firm’s 50-day moving average is $730.26 and its two-hundred day moving average is $703.24. 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 stock has a market capitalization of $96.71 billion, a P/E ratio of 30.60, a P/E/G ratio of 1.57 and a beta of 1.30. KLA Co. has a 12-month low of $609.40 and a 12-month high of $896.32.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, topping analysts’ consensus estimates of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. Equities analysts predict that KLA Co. will post 31.59 earnings per share for the current 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 paid a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend was Monday, February 24th. KLA’s dividend payout ratio is currently 28.60%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. UBS Group lifted their target price on shares of KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. Cantor Fitzgerald increased their target price on KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. 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. Susquehanna boosted their target price on shares of KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Finally, Stifel Nicolaus boosted their price target on shares of KLA from $800.00 to $825.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $830.67.

KLA Company 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.