Heritage Wealth Management LLC Increases Stake in KLA Corporation by 117.5%
June 12, 2023
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KLA ($NASDAQ:KLAC) Corporation, a global leader in process control and yield management solutions for semiconductor and related nanoelectronic industries, has recently seen an increase in its stock by Heritage Wealth Management LLC, an acclaimed American wealth management firm. Heritage Wealth Management LLC has increased its shareholding in KLA Co. by 117.5%, which marks an impressive milestone for the company. Through its combination of hardware, software, and services, KLA is able to increase its customers’ productivity, profitability, and competitiveness. KLA’s products are used by leading chip manufacturers around the world to control and monitor their manufacturing process. Its products are highly acclaimed for their reliability and performance.
As the semiconductor industry continues to grow, KLA Corporation stands to benefit from the increase in demand for its products. Heritage Wealth Management LLC’s decision to increase its stake in KLA Corporation is indicative of the company’s strong fundamentals and potential for future growth. It is expected that this move will further strengthen KLA Corporation’s position in the industry and give it a competitive edge over its peers.
Analysis
GoodWhale has analyzed the wellbeing of KLA CORPORATION and found it to be a medium risk investment in terms of both financial and business aspects. Specifically, our Risk Rating has determined that KLA CORPORATION is a medium risk investment. Furthermore, our analysis has also picked up one risk warning in their balance sheet, which requires further examination. For more details on this, you can register on our website at goodwhale.com. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Kla Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 10.63k | 3.51k | 33.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Kla Corporation. More…
| Operations | Investing | Financing |
| 3.53k | -433.48 | -2.92k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Kla Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 13.68k | 11k | 18.8 |
Key Ratios Snapshot
Some of the financial key ratios for Kla Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 23.8% | 38.1% | 39.8% |
| FCF Margin | ROE | ROA |
| 30.1% | 100.1% | 19.3% |
Peers
KLA Corporation is a company that provides process control and yield management solutions for the semiconductor and related industries. The company has a wide range of products and services for its customers. KLA’s competitors are Lam Research Corporation, Applied Materials Inc, ASML Holding NV.
– Lam Research Corp ($NASDAQ:LRCX)
Lam Research Corporation is a global leader in the semiconductor industry, providing innovative etch, deposition, and clean solutions for customers working in the advanced logic, memory, and foundry segments. The company has a market capitalization of $45.17 billion as of 2022 and a return on equity of 54.63%. Lam Research is headquartered in Fremont, California, with operations around the world.
– Applied Materials Inc ($NASDAQ:AMAT)
Applied Materials, Inc. is a global leader in materials engineering solutions for the semiconductor, flat panel display and solar photovoltaic (PV) industries. The company develops innovative equipment, services and software for the fabrication of semiconductor chips, flat panel displays, solar photovoltaic cells and modules, and other specialty materials.
Applied Materials has a market capitalization of $66.47 billion as of 2022 and a return on equity of 41.67%. The company has a long history of innovation and has been a driving force in the development of the semiconductor, flat panel display and solar PV industries. Applied Materials is a diversified company with a strong portfolio of products and services. The company is well positioned to continue its leadership position in the materials engineering solutions market.
– ASML Holding NV ($LTS:0QB8)
ASML Holding NV is a holding company that engages in the development, production, marketing, sale, and service of semiconductor equipment systems, including lithography systems. The company was founded in 1984 and is headquartered in Veldhoven, the Netherlands. ASML Holding NV has a market cap of 173.38B as of 2022 and a Return on Equity of 39.44%. The company develops, produces, markets, sells, and services semiconductor equipment systems, including lithography systems.
Summary
KLA Corporation is a technology leader providing process control and yield management solutions to the semiconductor industry. An analysis of its stock has revealed that Heritage Wealth Management LLC has recently increased its stake in KLA Co. by a whopping 117.5%. This shows that the firm has high expectations for the company, and investors should take note. KLA’s stock performance has been historically strong due to its innovative products and robust customer base.
The company’s strong balance sheet provides an added layer of security, and its growing dividend payments are attractive to income seeking investors. The possibility of increased research and development spending could further drive long-term growth, making KLA Corporation an attractive option for investors looking for potential growth and appreciation.
