Richardson Financial Services Inc. Has $160,000 Position in KLA Co. (NASDAQ:KLAC)

Richardson Financial Services Inc. raised its position in KLA Co. (NASDAQ:KLAC) by 5.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 253 shares of the semiconductor company’s stock after purchasing an additional 14 shares during the period. Richardson Financial Services Inc.’s holdings in KLA were worth $160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CVA Family Office LLC grew its stake in shares of KLA by 3.7% in the third quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company’s stock valued at $283,000 after acquiring an additional 13 shares in the last quarter. Hutchens & Kramer Investment Management Group LLC boosted its holdings in KLA by 3.3% in the 4th 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 during the period. Marcum Wealth LLC grew its position in shares of KLA by 4.1% during the 3rd quarter. Marcum Wealth LLC now owns 384 shares of the semiconductor company’s stock worth $297,000 after purchasing an additional 15 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of KLA by 1.1% during the third quarter. Harbor Capital Advisors Inc. now owns 1,433 shares of the semiconductor company’s stock worth $1,110,000 after purchasing an additional 16 shares during the period. Finally, Ascent Wealth Partners LLC boosted its stake in shares of KLA by 0.4% in the third quarter. Ascent Wealth Partners LLC now owns 4,466 shares of the semiconductor company’s stock valued at $3,459,000 after buying an additional 16 shares during the period. 86.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Cantor Fitzgerald raised their price objective on KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a research note on Friday. Stifel Nicolaus raised their price target on KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a research report on Friday. TD Cowen cut their price objective on shares of KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. The Goldman Sachs Group upped their price target on shares of KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a report on Friday. Finally, Susquehanna lifted their price objective on shares of KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, KLA currently has a consensus rating of “Moderate Buy” and a consensus price target of $829.32.

KLA Trading Down 0.6 %

Shares of NASDAQ KLAC opened at $738.24 on Monday. The stock has a market cap of $98.75 billion, a P/E ratio of 33.71, a price-to-earnings-growth ratio of 1.54 and a beta of 1.27. The firm has a 50 day moving average price of $675.96 and a two-hundred day moving average price of $716.79. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.48 and a current ratio of 2.13. KLA Co. has a 52-week low of $581.70 and a 52-week high of $896.32.

KLA (NASDAQ:KLAC) last announced its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.73 by $0.47. KLA had a return on equity of 105.16% and a net margin of 28.92%. As a group, equities analysts forecast that KLA Co. will post 30.34 EPS for the current year.

KLA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th were given a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Monday, November 18th. This is an increase from KLA’s previous quarterly dividend of $1.45. KLA’s dividend payout ratio is currently 31.05%.

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.