KLA Co. (NASDAQ:KLAC) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC grew its holdings in shares of KLA Co. (NASDAQ:KLAC - Free Report) by 3.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,221,694 shares of the semiconductor company's stock after purchasing an additional 93,743 shares during the quarter. Geode Capital Management LLC owned approximately 2.41% of KLA worth $2,487,971,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. CVA Family Office LLC lifted its stake in shares of KLA by 3.7% during the 3rd quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company's stock valued at $283,000 after buying an additional 13 shares in the last quarter. TIAA Trust National Association raised its position in shares of KLA by 0.4% during the second quarter. TIAA Trust National Association now owns 3,249 shares of the semiconductor company's stock valued at $2,679,000 after buying an additional 14 shares during the last quarter. Ameritas Advisory Services LLC boosted its position in shares of KLA by 1.2% during the second quarter. Ameritas Advisory Services LLC now owns 1,280 shares of the semiconductor company's stock worth $1,055,000 after acquiring an additional 15 shares during the last quarter. Greystone Financial Group LLC grew its stake in KLA by 1.3% during the second quarter. Greystone Financial Group LLC now owns 1,188 shares of the semiconductor company's stock valued at $980,000 after acquiring an additional 15 shares in the last quarter. Finally, Marcum Wealth LLC increased its holdings in KLA by 4.1% in the 3rd quarter. Marcum Wealth LLC now owns 384 shares of the semiconductor company's stock valued at $297,000 after acquiring an additional 15 shares during the last quarter. Hedge funds and other institutional investors own 86.65% of the company's stock.

KLA Price Performance

KLAC stock traded down $10.50 during trading on Tuesday, hitting $641.87. The stock had a trading volume of 826,360 shares, compared to its average volume of 976,849. KLA Co. has a twelve month low of $542.41 and a twelve month high of $896.32. The company's 50-day moving average price is $684.86 and its two-hundred day moving average price is $753.35. 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 stock has a market capitalization of $85.86 billion, a P/E ratio of 29.31, a PEG ratio of 1.38 and a beta of 1.28.

KLA (NASDAQ:KLAC - Get Free Report) last released its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 net margin of 28.92% and a return on equity of 105.16%. The company's revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.74 earnings per share. As a group, research analysts predict that KLA Co. will post 30.61 EPS for the current fiscal year.

KLA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th were paid a dividend of $1.70 per share. The ex-dividend date was Monday, November 18th. This represents a $6.80 dividend on an annualized basis and a yield of 1.06%. This is a positive change from KLA's previous quarterly dividend of $1.45. KLA's payout ratio is 31.05%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on KLAC. Morgan Stanley lowered their target price on KLA from $746.00 to $703.00 and set an "equal weight" rating for the company in a research report on Thursday, December 5th. UBS Group dropped their target price on KLA from $900.00 to $765.00 and set a "neutral" rating for the company in a report on Thursday, September 12th. Cantor Fitzgerald reissued a "neutral" rating and issued a $925.00 target price on shares of KLA in a research note on Tuesday, October 8th. TD Cowen reduced their price target on KLA from $760.00 to $725.00 and set a "hold" rating on the stock in a report on Thursday, October 31st. Finally, Oppenheimer upgraded KLA from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $750.00 to $850.00 in a research report on Thursday, October 31st. Eight analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, KLA has an average rating of "Moderate Buy" and a consensus target price of $812.30.

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.