Delta Financial Group Inc. Makes New Investment in KLA Co. (NASDAQ:KLAC)

Delta Financial Group Inc. purchased a new position in shares of KLA Co. (NASDAQ:KLAC) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 403 shares of the semiconductor company’s stock, valued at approximately $254,000.

Several other institutional investors and hedge funds also recently made changes to their positions in KLAC. Legacy Investment Solutions LLC bought a new position in KLA during the third quarter worth about $29,000. Capital Performance Advisors LLP acquired a new stake in shares of KLA during the third quarter worth about $38,000. FSA Wealth Management LLC bought a new position in shares of KLA during the 3rd quarter valued at about $53,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of KLA in the 4th quarter valued at approximately $43,000. Finally, Peterson Financial Group Inc. bought a new stake in KLA during the 3rd quarter worth approximately $56,000. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Stock Down 3.0 %

KLAC stock opened at $754.30 on Monday. The business’s 50 day simple moving average is $708.55 and its 200 day simple moving average is $715.96. KLA Co. has a 1-year low of $609.40 and a 1-year high of $896.32. The firm has a market capitalization of $100.24 billion, a PE ratio of 31.72, a PEG ratio of 1.57 and a beta of 1.28. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, beating the consensus estimate 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, research analysts anticipate that KLA Co. will post 31.59 EPS for the current year.

KLA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th will be given a dividend of $1.70 per share. The ex-dividend date is Monday, February 24th. This represents a $6.80 annualized dividend and a yield of 0.90%. KLA’s dividend payout ratio (DPR) is presently 28.60%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Needham & Company LLC lifted their price target on shares of KLA from $800.00 to $830.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Morgan Stanley boosted their price objective on shares of KLA from $703.00 to $748.00 and gave the company an “equal weight” rating in a research report on Monday, February 3rd. The Goldman Sachs Group increased their target price on KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft lifted their price target on KLA from $725.00 to $850.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Finally, TD Cowen reduced their price objective on KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, KLA currently has an average rating of “Moderate Buy” and a consensus price target of $831.68.

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.