Qsemble Capital Management LP Makes New $1.52 Million Investment in KLA Co. (NASDAQ:KLAC)

Qsemble Capital Management LP bought a new position in shares of KLA Co. (NASDAQ:KLAC - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 1,956 shares of the semiconductor company's stock, valued at approximately $1,515,000.

Several other hedge funds also recently made changes to their positions in the company. Mizuho Securities USA LLC boosted its holdings in KLA by 32,828.8% in the third quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company's stock worth $2,647,708,000 after purchasing an additional 3,408,617 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of KLA by 1.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,811,766 shares of the semiconductor company's stock valued at $2,318,329,000 after buying an additional 28,172 shares during the period. Van ECK Associates Corp grew its position in shares of KLA by 25.7% during the 3rd quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company's stock valued at $1,083,684,000 after buying an additional 286,015 shares during the last quarter. Legal & General Group Plc raised its stake in KLA by 1.9% during the second quarter. Legal & General Group Plc now owns 1,163,958 shares of the semiconductor company's stock worth $959,695,000 after acquiring an additional 21,412 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in KLA by 1.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 826,954 shares of the semiconductor company's stock worth $640,401,000 after acquiring an additional 13,038 shares during the last quarter. Institutional investors and hedge funds own 86.65% of the company's stock.

KLA Price Performance

KLAC stock traded down $13.20 during trading hours on Tuesday, hitting $631.47. 923,167 shares of the stock traded hands, compared to its average volume of 972,027. The company has a current ratio of 2.13, a quick ratio of 1.48 and a debt-to-equity ratio of 1.65. The stock has a 50-day simple moving average of $706.36 and a 200 day simple moving average of $759.85. KLA Co. has a one year low of $527.11 and a one year high of $896.32. The company has a market cap of $84.47 billion, a P/E ratio of 28.83, a P/E/G ratio of 1.35 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 (EPS) for the quarter, topping the consensus estimate of $7.03 by $0.30. KLA had a net margin of 28.92% and a return on equity of 105.16%. The company had revenue of $2.84 billion for the quarter, compared to analysts' expectations of $2.75 billion. During the same quarter in the previous year, the company posted $5.74 EPS. The business's revenue was up 18.5% compared to the same quarter last year. Equities analysts forecast that KLA Co. will post 30.91 earnings per share for the current year.

KLA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th will be given a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date is Monday, November 18th. This is an increase from KLA's previous quarterly dividend of $1.45. KLA's dividend payout ratio is 31.05%.

Analysts Set New Price Targets

Several research firms have recently commented on KLAC. StockNews.com raised KLA from a "hold" rating to a "buy" rating in a report on Friday, November 1st. Susquehanna cut their target price on KLA from $680.00 to $675.00 and set a "neutral" rating on the stock in a research note on Friday, October 11th. UBS Group reduced their price target on shares of KLA from $900.00 to $765.00 and set a "neutral" rating for the company in a report on Thursday, September 12th. Citigroup cut their price objective on shares of KLA from $960.00 to $900.00 and set a "buy" rating on the stock in a research report on Monday, September 16th. Finally, Wells Fargo & Company decreased their target price on shares of KLA from $950.00 to $870.00 and set an "overweight" rating for the company in a research report on Thursday, October 3rd. Seven investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, KLA has a consensus rating of "Moderate Buy" and a consensus price target of $815.55.

KLA 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.