OneDigital Investment Advisors LLC Grows Stock Holdings in KLA Co. (NASDAQ:KLAC)

OneDigital Investment Advisors LLC boosted its holdings in KLA Co. (NASDAQ:KLAC) by 3.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 3,499 shares of the semiconductor company’s stock after buying an additional 130 shares during the period. OneDigital Investment Advisors LLC’s holdings in KLA were worth $2,709,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Cedar Wealth Management LLC raised its stake in KLA by 77.3% during the 1st quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 17 shares during the period. Family Firm Inc. bought a new stake in shares of KLA during the second quarter valued at approximately $30,000. Capital Performance Advisors LLP bought a new stake in shares of KLA during the third quarter valued at approximately $38,000. 1620 Investment Advisors Inc. purchased a new position in shares of KLA in the second quarter worth $44,000. Finally, LRI Investments LLC bought a new position in shares of KLA during the first quarter worth $45,000. 86.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

KLAC has been the topic of several research analyst reports. StockNews.com upgraded shares of KLA from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Citigroup decreased their price objective on KLA from $960.00 to $900.00 and set a “buy” rating on the stock in a report on Monday, September 16th. Oppenheimer raised shares of KLA from a “market perform” rating to an “outperform” rating and raised their target price for the company from $750.00 to $850.00 in a report on Thursday, October 31st. JPMorgan Chase & Co. upped their price target on shares of KLA from $800.00 to $950.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Finally, Barclays lowered their price objective on shares of KLA from $800.00 to $750.00 and set an “equal weight” rating for the company in a research report on Thursday, October 31st. Eight investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, KLA presently has an average rating of “Moderate Buy” and a consensus price target of $802.90.

KLA Price Performance

KLA stock opened at $614.46 on Friday. The stock has a market cap of $82.19 billion, a price-to-earnings ratio of 28.06, a price-to-earnings-growth ratio of 1.36 and a beta of 1.29. The firm has a 50-day moving average of $721.02 and a two-hundred day moving average of $762.59. KLA Co. has a 1 year low of $527.11 and a 1 year high of $896.32. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.13 and a quick ratio of 1.48.

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

KLA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th will be issued a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a yield of 1.11%. This is a boost from KLA’s previous quarterly dividend of $1.45. The ex-dividend date is Monday, November 18th. KLA’s dividend payout ratio is presently 31.05%.

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.