Fintel reports that on October 5, 2023, UBS maintained coverage of KLA (NASDAQ:KLAC) with a Neutral recommendation.
Analyst Price Forecast Suggests 15.94% Upside
As of October 5, 2023, the average one-year price target for KLA is 534.54. The forecasts range from a low of 322.19 to a high of $630.00. The average price target represents an increase of 15.94% from its latest reported closing price of 461.05.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for KLA is 8,782MM, a decrease of 16.33%. The projected annual non-GAAP EPS is 19.12.
- For more in-depth coverage of KLA, view the free, crowd-sourced company research report on Finpedia.
KLA Declares $1.30 Dividend
On August 3, 2023 the company declared a regular quarterly dividend of $1.30 per share ($5.20 annualized). Shareholders of record as of August 15, 2023 received the payment on September 1, 2023. Previously, the company paid $1.30 per share.
At the current share price of $461.05 / share, the stock's dividend yield is 1.13%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.70%, the lowest has been 0.95%, and the highest has been 3.69%. The standard deviation of yields is 0.65 (n=236).
The current dividend yield is 0.89 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.21. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.44%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 2248 funds or institutions reporting positions in KLA. This is an increase of 75 owner(s) or 3.45% in the last quarter. Average portfolio weight of all funds dedicated to KLAC is 0.49%, an increase of 7.63%. Total shares owned by institutions decreased in the last three months by 4.58% to 140,531K shares. 
The put/call ratio of KLAC is 1.06, indicating a bearish outlook.
What are Other Shareholders Doing?
Primecap Management holds 6,088K shares representing 4.47% ownership of the company. In it's prior filing, the firm reported owning 6,350K shares, representing a decrease of 4.30%. The firm increased its portfolio allocation in KLAC by 11.63% over the last quarter.
Capital International Investors holds 5,383K shares representing 3.95% ownership of the company. In it's prior filing, the firm reported owning 5,925K shares, representing a decrease of 10.07%. The firm increased its portfolio allocation in KLAC by 3.52% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 4,282K shares representing 3.14% ownership of the company. In it's prior filing, the firm reported owning 4,286K shares, representing a decrease of 0.08%. The firm increased its portfolio allocation in KLAC by 12.01% over the last quarter.
VPMCX - Vanguard PRIMECAP Fund Investor Shares holds 3,615K shares representing 2.65% ownership of the company. In it's prior filing, the firm reported owning 3,791K shares, representing a decrease of 4.88%. The firm increased its portfolio allocation in KLAC by 11.51% over the last quarter.
Massachusetts Financial Services holds 3,425K shares representing 2.51% ownership of the company. In it's prior filing, the firm reported owning 3,281K shares, representing an increase of 4.20%. The firm increased its portfolio allocation in KLAC by 22.16% over the last quarter.
KLA Background Information
(This description is provided by the company.)
KLA develops industry-leading equipment and services that enable innovation throughout the electronics industry. We provide advanced process control and process-enabling solutions for manufacturing wafers and reticles, integrated circuits, packaging, printed circuit boards and flat panel displays. In close collaboration with leading customers across the globe, our expert teams of physicists, engineers, data scientists and problem-solvers design solutions that move the world forward.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
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This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
