KLA Co. (NASDAQ:KLAC) Shares Acquired by Lifeworks Advisors LLC

Lifeworks Advisors LLC grew its stake in KLA Co. (NASDAQ:KLAC) by 30.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,310 shares of the semiconductor company’s stock after buying an additional 775 shares during the period. Lifeworks Advisors LLC’s holdings in KLA were worth $2,085,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new stake in KLA during the 3rd quarter worth about $29,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of KLA in the fourth quarter worth about $32,000. Groupama Asset Managment lifted its holdings in shares of KLA by 82.3% during the third quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 2,038 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of KLA during the third quarter worth about $38,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in KLA in the fourth quarter valued at approximately $43,000. 86.65% of the stock is currently owned by institutional investors and hedge funds.

KLA Stock Performance

NASDAQ:KLAC opened at $711.29 on Friday. The company has a market cap of $94.52 billion, a P/E ratio of 29.91, a P/E/G ratio of 1.57 and a beta of 1.30. KLA Co. has a twelve month low of $609.40 and a twelve month high of $896.32. The company’s 50-day moving average price is $722.21 and its 200-day moving average price is $711.55. 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 released its 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 net margin of 29.58% and a return on equity of 108.60%. On average, sell-side analysts forecast that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were issued a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 0.96%. The ex-dividend date was Monday, February 24th. KLA’s payout ratio is currently 28.60%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. StockNews.com lowered shares of KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. UBS Group upped their target price on KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Cantor Fitzgerald lifted their price target on KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Wells Fargo & Company boosted their price target on KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, The Goldman Sachs Group boosted their target price on shares of KLA from $759.00 to $864.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock 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.