ABLE Financial Group LLC Buys 38 Shares of KLA Co. (NASDAQ:KLAC)

ABLE Financial Group LLC raised its holdings in shares of KLA Co. (NASDAQ:KLAC) by 2.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,511 shares of the semiconductor company’s stock after purchasing an additional 38 shares during the period. ABLE Financial Group LLC’s holdings in KLA were worth $1,170,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the business. Family Firm Inc. acquired a new position in KLA in the second quarter valued at about $30,000. Cedar Wealth Management LLC grew its holdings in shares of KLA by 77.3% during the first quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock worth $27,000 after buying an additional 17 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of KLA in the third quarter valued at approximately $38,000. 1620 Investment Advisors Inc. bought a new stake in KLA during the 2nd quarter worth about $44,000. Finally, LRI Investments LLC acquired a new position in KLA during the first quarter valued at approximately $46,000. 86.65% of the stock is currently owned by institutional investors and hedge funds.

KLA Price Performance

Shares of KLAC traded up $2.13 during trading hours on Friday, hitting $688.28. 331,389 shares of the company were exchanged, compared to its average volume of 947,782. KLA Co. has a fifty-two week low of $505.50 and a fifty-two week high of $896.32. The firm’s fifty day moving average is $735.90 and its 200 day moving average is $763.89. The company has a quick ratio of 1.48, a current ratio of 2.13 and a debt-to-equity ratio of 1.65. The company has a market cap of $92.06 billion, a price-to-earnings ratio of 31.27, a P/E/G ratio of 1.40 and a beta of 1.29.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share for the quarter, topping analysts’ consensus estimates of $7.03 by $0.30. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.75 billion. KLA had a net margin of 28.92% and a return on equity of 105.16%. The firm’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.74 EPS. On average, equities analysts anticipate that KLA Co. will post 30.91 earnings per share for the current fiscal year.

KLA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Monday, November 18th will be given a dividend of $1.70 per share. This is an increase from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 annualized dividend and a dividend yield of 0.99%. KLA’s dividend payout ratio is currently 26.48%.

Analyst Ratings Changes

Several research firms have recently weighed in on KLAC. TD Cowen lowered their price objective on shares of KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a research note on Thursday, October 31st. Needham & Company LLC reaffirmed a “hold” rating on shares of KLA in a research report on Thursday, October 31st. Evercore ISI boosted their target price on KLA from $800.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Oppenheimer raised KLA from a “market perform” rating to an “outperform” rating and raised their price target for the company from $750.00 to $850.00 in a report on Thursday, October 31st. Finally, The Goldman Sachs Group upped their price objective on shares of KLA from $735.00 to $838.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, KLA currently has a consensus rating of “Moderate Buy” and a consensus price target of $802.90.

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.