Sound View Wealth Advisors Group LLC Acquires 154 Shares of KLA Co. (NASDAQ:KLAC)

Sound View Wealth Advisors Group LLC grew its position in shares of KLA Co. (NASDAQ:KLAC) by 14.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,187 shares of the semiconductor company’s stock after acquiring an additional 154 shares during the quarter. Sound View Wealth Advisors Group LLC’s holdings in KLA were worth $748,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Hutchens & Kramer Investment Management Group LLC boosted its stake in shares of KLA by 3.3% during the fourth quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company’s stock valued at $259,000 after purchasing an additional 13 shares in the last quarter. Richardson Financial Services Inc. boosted its stake in shares of KLA by 5.9% during the fourth quarter. Richardson Financial Services Inc. now owns 253 shares of the semiconductor company’s stock valued at $160,000 after purchasing an additional 14 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of KLA by 6.5% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 246 shares of the semiconductor company’s stock valued at $155,000 after purchasing an additional 15 shares in the last quarter. Catalyst Financial Partners LLC boosted its stake in shares of KLA by 2.0% during the fourth quarter. Catalyst Financial Partners LLC now owns 755 shares of the semiconductor company’s stock valued at $476,000 after purchasing an additional 15 shares in the last quarter. Finally, Citizens Financial Group Inc. RI boosted its stake in shares of KLA by 2.8% during the third quarter. Citizens Financial Group Inc. RI now owns 582 shares of the semiconductor company’s stock valued at $451,000 after purchasing an additional 16 shares in the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on KLAC. Deutsche Bank Aktiengesellschaft lifted their price objective on KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Morgan Stanley lifted their price objective on KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a research note on Monday, February 3rd. Wells Fargo & Company lifted their price objective on KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Barclays lifted their price objective on KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Finally, Stifel Nicolaus lifted their price objective on KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $831.68.

KLA Trading Up 2.8 %

NASDAQ KLAC opened at $711.29 on Monday. The company has a market cap of $94.52 billion, a price-to-earnings ratio of 29.91, a P/E/G ratio of 1.57 and a beta of 1.30. KLA Co. has a 52 week low of $609.40 and a 52 week high of $896.32. The business has a 50 day moving average price of $722.21 and a 200-day moving average price of $710.04. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64.

KLA (NASDAQ:KLAC) last released its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, beating the consensus estimate of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. As a group, equities analysts expect 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. Investors of record on Monday, February 24th were given a dividend of $1.70 per share. The ex-dividend date was Monday, February 24th. This represents a $6.80 annualized dividend and a dividend yield of 0.96%. KLA’s payout ratio is 28.60%.

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.