Hudson Valley Investment Advisors Inc. ADV Has $13.36 Million Position in KLA Co. (NASDAQ:KLAC)

Hudson Valley Investment Advisors Inc. ADV grew its position in KLA Co. (NASDAQ:KLAC) by 3.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,203 shares of the semiconductor company’s stock after purchasing an additional 748 shares during the period. KLA comprises approximately 1.5% of Hudson Valley Investment Advisors Inc. ADV’s holdings, making the stock its 16th biggest holding. Hudson Valley Investment Advisors Inc. ADV’s holdings in KLA were worth $13,360,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Quest Partners LLC raised its holdings in shares of KLA by 2,002.3% in the second quarter. Quest Partners LLC now owns 925 shares of the semiconductor company’s stock valued at $763,000 after buying an additional 881 shares during the last quarter. MGO One Seven LLC grew its stake in shares of KLA by 28.4% during the second quarter. MGO One Seven LLC now owns 1,003 shares of the semiconductor company’s stock valued at $827,000 after purchasing an additional 222 shares during the last quarter. HHM Wealth Advisors LLC bought a new stake in shares of KLA during the second quarter valued at approximately $59,000. LPL Financial LLC raised its position in KLA by 5.7% in the 2nd quarter. LPL Financial LLC now owns 91,004 shares of the semiconductor company’s stock worth $75,033,000 after purchasing an additional 4,879 shares during the last quarter. Finally, Forsta AP Fonden lifted its holdings in KLA by 15.2% during the 2nd quarter. Forsta AP Fonden now owns 37,900 shares of the semiconductor company’s stock worth $31,249,000 after buying an additional 5,000 shares in the last quarter. Institutional investors own 86.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on KLAC shares. Deutsche Bank Aktiengesellschaft lowered their price target on shares of KLA from $890.00 to $750.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Barclays lowered their target price on shares of KLA from $800.00 to $750.00 and set an “equal weight” rating for the company in a report on Thursday, October 31st. Wells Fargo & Company dropped their target price on shares of KLA from $870.00 to $800.00 and set an “overweight” rating for the company in a research report on Friday, December 6th. TD Cowen reduced their price target on KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. Finally, Morgan Stanley dropped their price objective on KLA from $746.00 to $703.00 and set an “equal weight” rating for the company in a report on Thursday, December 5th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, KLA currently has a consensus rating of “Moderate Buy” and a consensus price target of $816.63.

KLA Stock Down 0.4 %

KLAC stock opened at $686.20 on Friday. The business has a 50-day moving average of $649.99 and a 200-day moving average of $730.29. KLA Co. has a fifty-two week low of $549.63 and a fifty-two week high of $896.32. The stock has a market capitalization of $91.79 billion, a P/E ratio of 31.33, a P/E/G ratio of 1.39 and a beta of 1.27. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.13 and a quick ratio of 1.48.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share for the quarter, topping the consensus estimate of $7.03 by $0.30. The company had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.75 billion. KLA had a net margin of 28.92% and a return on equity of 105.16%. The business’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period last year, the business earned $5.74 EPS. On average, sell-side analysts anticipate that KLA Co. will post 30.61 earnings per share for the current fiscal year.

KLA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th were paid a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.99%. This is an increase from KLA’s previous quarterly dividend of $1.45. The ex-dividend date was Monday, November 18th. KLA’s dividend payout ratio is currently 31.05%.

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.