Greystone Financial Group LLC Has $883,000 Holdings in KLA Co. (NASDAQ:KLAC)

Greystone Financial Group LLC lifted its position in shares of KLA Co. (NASDAQ:KLAC) by 16.2% during the 4th quarter, HoldingsChannel reports. The fund owned 1,401 shares of the semiconductor company’s stock after purchasing an additional 195 shares during the period. Greystone Financial Group LLC’s holdings in KLA were worth $883,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Hutchens & Kramer Investment Management Group LLC boosted its stake in shares of KLA by 3.3% during the fourth quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company’s stock valued at $259,000 after purchasing an additional 13 shares in the last quarter. Richardson Financial Services Inc. raised its holdings in KLA by 5.9% in the 4th quarter. Richardson Financial Services Inc. now owns 253 shares of the semiconductor company’s stock valued at $160,000 after buying an additional 14 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position in KLA by 6.5% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 246 shares of the semiconductor company’s stock worth $155,000 after buying an additional 15 shares during the period. Catalyst Financial Partners LLC grew its holdings in KLA by 2.0% during the 4th quarter. Catalyst Financial Partners LLC now owns 755 shares of the semiconductor company’s stock worth $476,000 after acquiring an additional 15 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its holdings in KLA by 1.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,433 shares of the semiconductor company’s stock worth $1,110,000 after acquiring an additional 16 shares during the last quarter. Institutional investors own 86.65% of the company’s stock.

KLA Trading Down 3.0 %

KLAC opened at $754.30 on Friday. The company has a fifty day moving average price of $706.54 and a two-hundred day moving average price of $715.48. KLA Co. has a 1-year low of $609.40 and a 1-year high of $896.32. The company has a market cap of $100.24 billion, a P/E ratio of 31.72, a price-to-earnings-growth ratio of 1.57 and a beta of 1.28. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64.

KLA (NASDAQ:KLAC) last issued its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, beating 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%. Analysts predict that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Dividend Announcement

The company also recently announced 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 0.90%. The ex-dividend date of this dividend is Monday, February 24th. KLA’s payout ratio is 28.60%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Oppenheimer upgraded shares of KLA from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $750.00 to $850.00 in a report on Thursday, October 31st. Wells Fargo & Company lifted their target price on KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. The Goldman Sachs Group increased their price target on KLA from $759.00 to $864.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft lifted their price objective on KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Finally, TD Cowen decreased their target price on shares of KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.