525 Shares in KLA Co. (NASDAQ:KLAC) Bought by Hickory Point Bank & Trust

Hickory Point Bank & Trust purchased a new position in shares of KLA Co. (NASDAQ:KLAC) during the fourth quarter, Holdings Channel.com reports. The fund purchased 525 shares of the semiconductor company’s stock, valued at approximately $331,000.

A number of other hedge funds have also recently added to or reduced their stakes in KLAC. Swedbank AB lifted its holdings in KLA by 0.4% during the third quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock valued at $426,660,000 after purchasing an additional 2,019 shares in the last quarter. Financial Advocates Investment Management lifted its holdings in KLA by 3.6% during the third quarter. Financial Advocates Investment Management now owns 597 shares of the semiconductor company’s stock valued at $462,000 after purchasing an additional 21 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in KLA by 16.0% during the third quarter. Farther Finance Advisors LLC now owns 819 shares of the semiconductor company’s stock valued at $634,000 after purchasing an additional 113 shares in the last quarter. Tower Wealth Partners Inc. lifted its holdings in KLA by 6.5% during the third quarter. Tower Wealth Partners Inc. now owns 310 shares of the semiconductor company’s stock valued at $240,000 after purchasing an additional 19 shares in the last quarter. Finally, Greenwich Wealth Management LLC lifted its holdings in KLA by 260.7% during the third quarter. Greenwich Wealth Management LLC now owns 1,378 shares of the semiconductor company’s stock valued at $1,067,000 after purchasing an additional 996 shares in the last quarter. 86.65% of the stock is owned by hedge funds and other institutional investors.

KLA Price Performance

Shares of KLAC opened at $708.84 on Friday. KLA Co. has a 1-year low of $609.40 and a 1-year high of $896.32. The stock has a market cap of $94.20 billion, a PE ratio of 29.81, a P/E/G ratio of 1.57 and a beta of 1.28. The firm has a 50-day simple moving average of $716.87 and a two-hundred day simple moving average of $714.86. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63.

KLA (NASDAQ:KLAC) last announced its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share 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, analysts forecast that KLA Co. will post 31.59 EPS for the current year.

KLA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Monday, February 24th will be issued a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Monday, February 24th. KLA’s dividend payout ratio (DPR) is currently 28.60%.

Wall Street Analyst Weigh In

KLAC has been the topic of several recent analyst reports. StockNews.com downgraded shares of KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Needham & Company LLC raised their price target on shares of KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. UBS Group raised their price target on shares of KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. The Goldman Sachs Group raised their price target on shares of KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Finally, Susquehanna raised their price target on shares of KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.