Proficio Capital Partners LLC Boosts Stock Position in KLA Co. (NASDAQ:KLAC)

Proficio Capital Partners LLC increased its stake in shares of KLA Co. (NASDAQ:KLAC) by 81.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 544 shares of the semiconductor company’s stock after buying an additional 245 shares during the quarter. Proficio Capital Partners LLC’s holdings in KLA were worth $342,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KLAC. Hutchens & Kramer Investment Management Group LLC boosted its position in shares of KLA by 3.3% during the 4th quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company’s stock valued at $259,000 after acquiring an additional 13 shares during the last quarter. Richardson Financial Services Inc. boosted its holdings in KLA by 5.9% in the 4th 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 during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of KLA by 6.5% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 246 shares of the semiconductor company’s stock valued at $155,000 after buying an additional 15 shares during the period. Catalyst Financial Partners LLC grew its stake in shares of KLA by 2.0% in the 4th quarter. Catalyst Financial Partners LLC now owns 755 shares of the semiconductor company’s stock valued at $476,000 after buying an additional 15 shares during the period. Finally, TFB Advisors LLC increased its holdings in shares of KLA by 3.4% during the 4th quarter. TFB Advisors LLC now owns 489 shares of the semiconductor company’s stock worth $308,000 after buying an additional 16 shares during the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on KLAC. Cantor Fitzgerald increased their price objective on KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. StockNews.com downgraded KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Morgan Stanley upped their price objective on shares of KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a report on Monday, February 3rd. The Goldman Sachs Group boosted their target price on KLA from $759.00 to $864.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Finally, Wells Fargo & Company raised their price target on KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, KLA has an average rating of “Moderate Buy” and a consensus price target of $830.67.

KLA Stock Performance

Shares of KLAC stock opened at $721.85 on Wednesday. The company has a market cap of $95.92 billion, a P/E ratio of 30.36, a PEG ratio of 1.57 and a beta of 1.30. The firm has a fifty day moving average price of $730.67 and a 200 day moving average price of $703.37. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. KLA Co. has a 12 month low of $609.40 and a 12 month high of $896.32.

KLA (NASDAQ:KLAC) last posted its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, topping 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%. Sell-side analysts predict that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Announces Dividend

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 $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend was Monday, February 24th. KLA’s dividend payout ratio (DPR) 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.