Charles Schwab Investment Management Inc. Raises Holdings in KLA Co. (NASDAQ:KLAC)

Charles Schwab Investment Management Inc. increased its holdings in KLA Co. (NASDAQ:KLAC) by 3.6% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 857,056 shares of the semiconductor company’s stock after buying an additional 30,102 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.64% of KLA worth $540,048,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Hutchens & Kramer Investment Management Group LLC lifted its holdings in shares of KLA by 3.3% in the fourth quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company’s stock worth $259,000 after buying an additional 13 shares in the last quarter. Richardson Financial Services Inc. lifted its holdings in shares of KLA by 5.9% in the fourth quarter. Richardson Financial Services Inc. now owns 253 shares of the semiconductor company’s stock worth $160,000 after buying an additional 14 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of KLA by 6.5% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 246 shares of the semiconductor company’s stock worth $155,000 after buying an additional 15 shares in the last quarter. Catalyst Financial Partners LLC boosted its holdings in shares of KLA by 2.0% during the 4th 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 during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of KLA by 1.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,433 shares of the semiconductor company’s stock valued at $1,110,000 after purchasing an additional 16 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. UBS Group increased their price objective on shares of KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft raised their price target on KLA from $725.00 to $850.00 and gave the company a “buy” rating in a report on Friday, January 31st. Wells Fargo & Company boosted their price target on shares of KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Susquehanna boosted their price target on shares of KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Finally, The Goldman Sachs Group boosted their price target on shares of KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, KLA presently has a consensus rating of “Moderate Buy” and an average target price of $831.68.

KLA Trading Up 1.1 %

Shares of NASDAQ KLAC opened at $699.00 on Wednesday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36. The business’s 50 day moving average price is $718.70 and its 200-day moving average price is $712.43. KLA Co. has a fifty-two week low of $609.40 and a fifty-two week high of $896.32. The company has a market cap of $92.89 billion, a price-to-earnings ratio of 29.39, a PEG ratio of 1.57 and a beta of 1.28.

KLA (NASDAQ:KLAC) last released 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%. On average, sell-side analysts expect that KLA Co. will post 31.59 earnings per share for the current year.

KLA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were given a $1.70 dividend. The ex-dividend date was Monday, February 24th. This represents a $6.80 annualized dividend and a yield of 0.97%. KLA’s dividend payout ratio (DPR) is 28.60%.

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.