Delphi Management Inc. MA Grows Stock Position in KLA Co. (NASDAQ:KLAC)

Delphi Management Inc. MA increased its stake in shares of KLA Co. (NASDAQ:KLAC) by 5.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,991 shares of the semiconductor company’s stock after acquiring an additional 103 shares during the period. Delphi Management Inc. MA’s holdings in KLA were worth $1,255,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of KLAC. Legacy Investment Solutions LLC purchased a new position in shares of KLA during the 3rd quarter valued at approximately $29,000. Tortoise Investment Management LLC increased its holdings in KLA by 300.0% in the fourth quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 36 shares in the last quarter. TCTC Holdings LLC acquired a new position in shares of KLA in the fourth quarter worth about $31,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of KLA during the 4th quarter worth about $32,000. Finally, Groupama Asset Managment grew its position in shares of KLA by 82.3% during the 3rd quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 2,038 shares during the period. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

KLA Stock Up 0.7 %

Shares of KLAC opened at $718.29 on Tuesday. KLA Co. has a 52-week low of $609.40 and a 52-week high of $896.32. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64. The stock has a fifty day simple moving average of $727.37 and a two-hundred day simple moving average of $705.16. The company has a market capitalization of $95.45 billion, a PE ratio of 30.21, a price-to-earnings-growth ratio of 1.57 and a beta of 1.30.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%. As a group, equities analysts forecast that KLA Co. will post 31.59 EPS for the current year.

KLA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Monday, February 24th were issued a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend was Monday, February 24th. KLA’s dividend payout ratio is presently 28.60%.

Wall Street Analysts Forecast Growth

KLAC has been the subject of a number of analyst reports. Stifel Nicolaus upped their price target on KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Needham & Company LLC upped their target price on KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Wells Fargo & Company lifted their price target on shares of KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. 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 research report on Monday, February 3rd. Finally, Barclays lifted their target price on shares of KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $830.67.

About KLA

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.