Eastern Bank reduced its stake in shares of KLA Co. (NASDAQ:KLAC - Free Report) by 3.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,534 shares of the semiconductor company's stock after selling 834 shares during the period. Eastern Bank's holdings in KLA were worth $16,719,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in KLAC. CVA Family Office LLC lifted its holdings in KLA by 3.7% in the 3rd quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company's stock worth $283,000 after purchasing an additional 13 shares in the last quarter. Marcum Wealth LLC lifted its holdings in shares of KLA by 4.1% in the third quarter. Marcum Wealth LLC now owns 384 shares of the semiconductor company's stock worth $297,000 after buying an additional 15 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of KLA by 1.1% during the third quarter. Harbor Capital Advisors Inc. now owns 1,433 shares of the semiconductor company's stock worth $1,110,000 after acquiring an additional 16 shares during the last quarter. Ascent Wealth Partners LLC grew its stake in KLA by 0.4% during the third quarter. Ascent Wealth Partners LLC now owns 4,466 shares of the semiconductor company's stock valued at $3,459,000 after acquiring an additional 16 shares in the last quarter. Finally, Citizens Financial Group Inc. RI grew its position in shares of KLA by 2.8% during the third quarter. Citizens Financial Group Inc. RI now owns 582 shares of the semiconductor company's stock valued at $451,000 after purchasing an additional 16 shares in the last quarter. 86.65% of the stock is currently owned by institutional investors.
KLA Stock Performance
KLA stock traded up $7.93 during trading hours on Monday, hitting $690.99. 1,318,245 shares of the stock traded hands, compared to its average volume of 1,197,661. KLA Co. has a 1 year low of $552.85 and a 1 year high of $896.32. The stock has a market capitalization of $92.43 billion, a price-to-earnings ratio of 31.55, a P/E/G ratio of 1.39 and a beta of 1.27. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.13 and a quick ratio of 1.48. The firm's 50 day moving average price is $650.82 and its 200-day moving average price is $727.43.
KLA (NASDAQ:KLAC - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 EPS 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 analysts' expectations of $2.75 billion. KLA had a net margin of 28.92% and a return on equity of 105.16%. The business's quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the previous year, the business posted $5.74 EPS. As a group, equities analysts expect that KLA Co. will post 30.61 EPS for the current fiscal year.
KLA Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th were issued a $1.70 dividend. The ex-dividend date was Monday, November 18th. This is an increase from KLA's previous quarterly dividend of $1.45. This represents a $6.80 dividend on an annualized basis and a yield of 0.98%. KLA's payout ratio is presently 31.05%.
Analyst Ratings Changes
Several analysts have recently issued reports on the stock. StockNews.com cut shares of KLA from a "buy" rating to a "hold" rating in a research report on Wednesday, November 27th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $925.00 price objective on shares of KLA in a research note on Tuesday, October 8th. TD Cowen dropped their target price on KLA from $760.00 to $725.00 and set a "hold" rating for the company in a report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft decreased their price target on KLA from $890.00 to $750.00 and set a "buy" rating on the stock in a report on Thursday, October 31st. Finally, Susquehanna dropped their price objective on shares of KLA from $680.00 to $675.00 and set a "neutral" rating for the company in a research note on Friday, October 11th. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $809.10.
Read Our Latest Analysis on KLA
About KLA
(
Free Report)
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.
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