KLA Co. (NASDAQ:KLAC) Shares Acquired by McLean Asset Management Corp

McLean Asset Management Corp grew its holdings in KLA Co. (NASDAQ:KLAC) by 7.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 820 shares of the semiconductor company’s stock after acquiring an additional 55 shares during the quarter. McLean Asset Management Corp’s holdings in KLA were worth $517,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Center For Asset Management LLC boosted its holdings in KLA by 5.4% in the fourth quarter. Center For Asset Management LLC now owns 899 shares of the semiconductor company’s stock worth $567,000 after acquiring an additional 46 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of KLA in the fourth quarter worth about $142,000. Blue Trust Inc. raised its stake in shares of KLA by 83.3% in the fourth quarter. Blue Trust Inc. now owns 3,846 shares of the semiconductor company’s stock worth $2,423,000 after purchasing an additional 1,748 shares during the last quarter. Strategic Investment Advisors MI raised its stake in shares of KLA by 2.0% in the fourth quarter. Strategic Investment Advisors MI now owns 3,078 shares of the semiconductor company’s stock worth $1,939,000 after purchasing an additional 61 shares during the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd purchased a new position in shares of KLA in the fourth quarter worth about $479,000. Institutional investors and hedge funds own 86.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on KLAC shares. Susquehanna raised their price objective on KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Oppenheimer upgraded KLA from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $750.00 to $850.00 in a research note on Thursday, October 31st. Cantor Fitzgerald reiterated a “neutral” rating and set a $925.00 price target on shares of KLA in a research report on Tuesday, October 8th. StockNews.com cut KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Finally, Morgan Stanley reduced their price target on KLA from $746.00 to $703.00 and set an “equal weight” rating for the company in a research report on Thursday, December 5th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, KLA currently has a consensus rating of “Moderate Buy” and an average price target of $812.47.

KLA Price Performance

KLAC stock opened at $749.82 on Monday. The business’s fifty day moving average price is $666.45 and its 200 day moving average price is $721.89. The company has a current ratio of 2.13, a quick ratio of 1.48 and a debt-to-equity ratio of 1.65. KLA Co. has a 12-month low of $581.70 and a 12-month high of $896.32. The company has a market capitalization of $100.30 billion, a PE ratio of 34.24, a P/E/G ratio of 1.66 and a beta of 1.27.

KLA (NASDAQ:KLAC) last released its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.03 by $0.30. The business had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.75 billion. KLA had a return on equity of 105.16% and a net margin of 28.92%. The business’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.74 EPS. On average, sell-side analysts anticipate that KLA Co. will post 30.34 EPS for the current year.

KLA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th were paid a dividend of $1.70 per share. The ex-dividend date of this dividend was Monday, November 18th. This is an increase from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 annualized dividend and a yield of 0.91%. KLA’s dividend payout ratio is currently 31.05%.

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.