Guinness Asset Management LTD Has $35.76 Million Stock Holdings in KLA Co. (NASDAQ:KLAC)

Guinness Asset Management LTD lifted its stake in shares of KLA Co. (NASDAQ:KLAC - Free Report) by 29.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 56,744 shares of the semiconductor company's stock after acquiring an additional 12,861 shares during the quarter. Guinness Asset Management LTD's holdings in KLA were worth $35,757,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new position in shares of KLA in the 2nd quarter worth approximately $297,000. Brighton Jones LLC grew its position in KLA by 2.8% in the second quarter. Brighton Jones LLC now owns 913 shares of the semiconductor company's stock worth $753,000 after buying an additional 25 shares during the last quarter. King Luther Capital Management Corp increased its holdings in shares of KLA by 3.4% in the second quarter. King Luther Capital Management Corp now owns 2,585 shares of the semiconductor company's stock valued at $2,131,000 after buying an additional 85 shares in the last quarter. AE Wealth Management LLC acquired a new stake in shares of KLA during the 2nd quarter valued at $256,000. Finally, Pacer Advisors Inc. boosted its stake in shares of KLA by 8.0% during the 2nd quarter. Pacer Advisors Inc. now owns 24,403 shares of the semiconductor company's stock worth $20,121,000 after acquiring an additional 1,798 shares in the last quarter. Institutional investors own 86.65% of the company's stock.

KLA Stock Up 1.4 %

Shares of NASDAQ:KLAC traded up $10.21 on Monday, reaching $757.47. The company had a trading volume of 1,402,515 shares, compared to its average volume of 925,800. 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 capitalization of $101.32 billion, a P/E ratio of 34.59, a P/E/G ratio of 1.47 and a beta of 1.27. The stock has a 50-day moving average price of $654.99 and a 200 day moving average price of $724.46. KLA Co. has a twelve month low of $577.00 and a twelve month high of $896.32.

KLA (NASDAQ:KLAC - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, beating the consensus estimate of $7.03 by $0.30. KLA had a return on equity of 105.16% and a net margin of 28.92%. The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.75 billion. During the same quarter last year, the company posted $5.74 earnings per share. The company's revenue for the quarter was up 18.5% compared to the same quarter last year. On average, equities analysts expect that KLA Co. will post 30.37 EPS for the current year.

KLA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th were given a $1.70 dividend. This represents a $6.80 annualized dividend and a dividend yield of 0.90%. This is a boost from KLA's previous quarterly dividend of $1.45. The ex-dividend date of this dividend was Monday, November 18th. KLA's dividend payout ratio is currently 31.05%.

Wall Street Analyst Weigh In

KLAC has been the topic of a number of recent analyst reports. The Goldman Sachs Group reduced their target price on KLA from $850.00 to $759.00 and set a "buy" rating for the company in a report on Friday, January 10th. Susquehanna reduced 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. Needham & Company LLC raised shares of KLA from a "hold" rating to a "buy" rating and set a $750.00 target price on the stock in a research report on Monday, January 13th. Cantor Fitzgerald restated a "neutral" rating and issued a $925.00 price target on shares of KLA in a research report on Tuesday, October 8th. Finally, StockNews.com cut shares of KLA from a "buy" rating to a "hold" rating in a research report on Wednesday, November 27th. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $806.60.

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.