1,059 Shares in KLA Co. (NASDAQ:KLAC) Acquired by Strategy Asset Managers LLC

Strategy Asset Managers LLC purchased a new stake in KLA Co. (NASDAQ:KLAC - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,059 shares of the semiconductor company's stock, valued at approximately $820,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Family Firm Inc. bought a new position in KLA during the 2nd quarter valued at about $30,000. Capital Performance Advisors LLP bought a new position in shares of KLA in the third quarter worth about $38,000. 1620 Investment Advisors Inc. bought a new stake in KLA during the 2nd quarter valued at about $44,000. LRI Investments LLC purchased a new stake in KLA in the 1st quarter valued at about $45,000. Finally, Olistico Wealth LLC bought a new position in KLA in the 2nd quarter worth about $53,000. Hedge funds and other institutional investors own 86.65% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on KLAC. The Goldman Sachs Group increased their price objective on shares of KLA from $735.00 to $838.00 and gave the company a "buy" rating in a research note on Thursday, July 25th. Wells Fargo & Company lowered their price target on shares of KLA from $950.00 to $870.00 and set an "overweight" rating on the stock in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of KLA from $890.00 to $750.00 and set a "buy" rating for the company in a research note on Thursday, October 31st. Argus raised their price target on KLA from $800.00 to $875.00 and gave the stock a "buy" rating in a report on Friday, July 26th. Finally, Cantor Fitzgerald restated a "neutral" rating and issued a $925.00 target price on shares of KLA in a research note on Tuesday, October 8th. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $802.90.

KLA Stock Performance

NASDAQ KLAC traded down $3.91 on Wednesday, hitting $611.75. The stock had a trading volume of 560,642 shares, compared to its average volume of 963,360. KLA Co. has a one year low of $527.11 and a one year high of $896.32. The company's 50-day moving average is $717.28 and its two-hundred day moving average is $762.78. The company has a quick ratio of 1.48, a current ratio of 2.13 and a debt-to-equity ratio of 1.65. The stock has a market cap of $81.83 billion, a price-to-earnings ratio of 28.11, a P/E/G ratio of 1.29 and a beta of 1.29.

KLA (NASDAQ:KLAC - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share for the quarter, beating the consensus estimate of $7.03 by $0.30. The business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.75 billion. KLA had a return on equity of 105.16% and a net margin of 28.92%. The company's revenue was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.74 earnings per share. On average, analysts expect that KLA Co. will post 30.91 earnings per share for the current year.

KLA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Monday, November 18th will be paid a $1.70 dividend. The ex-dividend date is Monday, November 18th. This represents a $6.80 dividend on an annualized basis and a yield of 1.11%. This is a boost from KLA's previous quarterly dividend of $1.45. KLA's dividend payout ratio (DPR) is currently 26.48%.

KLA Company 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.