Bensler LLC Acquires 649 Shares of KLA Co. (NASDAQ:KLAC)

Bensler LLC raised its position in shares of KLA Co. (NASDAQ:KLAC) by 3.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,958 shares of the semiconductor company’s stock after acquiring an additional 649 shares during the period. KLA makes up 1.4% of Bensler LLC’s portfolio, making the stock its 23rd biggest holding. Bensler LLC’s holdings in KLA were worth $11,946,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Legacy Investment Solutions LLC bought a new stake in KLA during the third quarter valued at about $29,000. Capital Performance Advisors LLP bought a new stake in shares of KLA in the third quarter valued at about $38,000. FSA Wealth Management LLC bought a new stake in shares of KLA in the third quarter valued at about $53,000. Peterson Financial Group Inc. bought a new stake in shares of KLA in the third quarter valued at about $56,000. Finally, Prospera Private Wealth LLC bought a new stake in shares of KLA in the third quarter valued at about $58,000. 86.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

KLAC has been the subject of several research reports. StockNews.com cut shares of KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. The Goldman Sachs Group cut their price target on shares of KLA from $850.00 to $759.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Deutsche Bank Aktiengesellschaft cut their price target on shares of KLA from $890.00 to $750.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Needham & Company LLC upgraded shares of KLA from a “hold” rating to a “buy” rating and set a $750.00 price target for the company in a research note on Monday, January 13th. Finally, Morgan Stanley cut their price target on shares of KLA from $746.00 to $703.00 and set an “equal weight” rating for the company in a research note on Thursday, December 5th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $812.47.

KLA Trading Down 1.4 %

KLAC opened at $692.96 on Tuesday. The stock has a market capitalization of $92.69 billion, a P/E ratio of 31.53, a P/E/G ratio of 1.66 and a beta of 1.27. KLA Co. has a 12 month low of $581.70 and a 12 month high of $896.32. The firm’s fifty day simple moving average is $666.45 and its 200 day simple moving average is $720.69. 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 (NASDAQ:KLAC) last posted its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, beating the consensus estimate of $7.03 by $0.30. The business had revenue of $2.84 billion for 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 firm’s revenue was up 18.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.74 EPS. As a group, research analysts anticipate that KLA Co. will post 30.34 EPS for the current fiscal year.

KLA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th were given a dividend of $1.70 per share. The ex-dividend date of this dividend was Monday, November 18th. This is a boost from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 annualized dividend and a yield of 0.98%. KLA’s payout ratio is 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.