Root Financial Partners LLC Has $448,000 Holdings in KLA Co. (NASDAQ:KLAC)

Root Financial Partners LLC raised its position in shares of KLA Co. (NASDAQ:KLAC) by 4.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 711 shares of the semiconductor company’s stock after acquiring an additional 33 shares during the quarter. Root Financial Partners LLC’s holdings in KLA were worth $448,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in KLAC. State Street Corp grew its stake in 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 purchasing an additional 145,317 shares during the period. Mizuho Securities USA LLC grew its position in shares of 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 worth $2,647,708,000 after buying an additional 3,408,617 shares during the period. Geode Capital Management LLC increased its stake in shares of 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 in the last quarter. Van ECK Associates Corp lifted its position in shares of KLA by 25.7% during the 3rd quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock valued at $1,083,684,000 after acquiring an additional 286,015 shares during the period. Finally, Alkeon Capital Management LLC boosted its stake in KLA by 5.5% during the third quarter. Alkeon Capital Management LLC now owns 945,835 shares of the semiconductor company’s stock worth $732,464,000 after acquiring an additional 49,470 shares in the last quarter. 86.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

KLAC has been the subject of several research analyst reports. Morgan Stanley lifted their price target on shares of KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. Stifel Nicolaus increased their target price on KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Oppenheimer upgraded shares of KLA from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $750.00 to $850.00 in a research note on Thursday, October 31st. Needham & Company LLC raised their price objective 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. Finally, StockNews.com cut shares of KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $831.68.

KLA Price Performance

KLAC opened at $764.28 on Friday. The firm has a market cap of $101.56 billion, a P/E ratio of 32.14, a PEG ratio of 1.54 and a beta of 1.28. 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. The firm has a 50-day moving average of $692.63 and a 200 day moving average of $715.14.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%. On average, research analysts expect that KLA Co. will post 31.59 EPS for the current year.

KLA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th will be given a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.89%. KLA’s dividend payout ratio is presently 28.60%.

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.