KLA Co. (NASDAQ:KLAC) Shares Bought by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. raised its holdings in KLA Co. (NASDAQ:KLAC) by 37.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 12,103 shares of the semiconductor company’s stock after buying an additional 3,306 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in KLA were worth $7,626,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of KLAC. Hutchens & Kramer Investment Management Group LLC grew its holdings 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 worth $259,000 after purchasing an additional 13 shares during the last quarter. Richardson Financial Services Inc. grew its holdings in shares of KLA by 5.9% during the fourth quarter. Richardson Financial Services Inc. now owns 253 shares of the semiconductor company’s stock worth $160,000 after purchasing an additional 14 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of KLA by 6.5% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 246 shares of the semiconductor company’s stock worth $155,000 after purchasing an additional 15 shares during the last quarter. Catalyst Financial Partners LLC grew its holdings in shares of KLA by 2.0% during the fourth quarter. Catalyst Financial Partners LLC now owns 755 shares of the semiconductor company’s stock worth $476,000 after purchasing an additional 15 shares during the last quarter. Finally, Citizens Financial Group Inc. RI grew its holdings in shares of KLA by 2.8% during the third quarter. Citizens Financial Group Inc. RI now owns 582 shares of the semiconductor company’s stock worth $451,000 after purchasing an additional 16 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors and hedge funds.

KLA Price Performance

KLAC stock opened at $718.29 on Tuesday. The firm has a 50 day moving average of $727.37 and a 200-day moving average of $705.16. KLA Co. has a 12-month low of $609.40 and a 12-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 company has a market cap of $95.45 billion, a price-to-earnings ratio of 30.21, a PEG ratio of 1.57 and a beta of 1.30.

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

KLA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Monday, February 24th were given 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 dividend yield of 0.95%. KLA’s dividend payout ratio is currently 28.60%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Needham & Company LLC raised their price objective on KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Wells Fargo & Company raised their price target on KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. StockNews.com lowered KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Barclays raised 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. Finally, Stifel Nicolaus raised their price target on KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $830.67.

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.