KLA Co. (NASDAQ:KLAC) Holdings Raised by HB Wealth Management LLC

HB Wealth Management LLC increased its stake in shares of KLA Co. (NASDAQ:KLAC - Free Report) by 15.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,790 shares of the semiconductor company's stock after purchasing an additional 645 shares during the period. HB Wealth Management LLC's holdings in KLA were worth $3,018,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of KLAC. Mizuho Securities USA LLC lifted its position in shares of 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 valued at $2,647,708,000 after acquiring an additional 3,408,617 shares in the last quarter. International Assets Investment Management LLC raised its stake in KLA by 76,452.4% in the 3rd quarter. International Assets Investment Management LLC now owns 302,382 shares of the semiconductor company's stock valued at $234,168,000 after purchasing an additional 301,987 shares during the last quarter. Van ECK Associates Corp lifted its holdings in KLA by 25.7% in 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 purchasing an additional 286,015 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of KLA by 6,188.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 239,404 shares of the semiconductor company's stock worth $185,397,000 after purchasing an additional 235,597 shares during the last quarter. Finally, Two Sigma Advisers LP grew its holdings in shares of KLA by 10,766.7% during the third quarter. Two Sigma Advisers LP now owns 228,200 shares of the semiconductor company's stock worth $176,720,000 after buying an additional 226,100 shares in the last quarter. 86.65% of the stock is currently owned by institutional investors and hedge funds.

KLA Stock Up 1.4 %

NASDAQ KLAC traded up $10.21 during mid-day trading on Monday, reaching $757.47. 1,402,515 shares of the company's stock traded hands, compared to its average volume of 925,800. The company has a market cap of $101.32 billion, a price-to-earnings ratio of 34.59, a P/E/G ratio of 1.47 and a beta of 1.27. The company has a fifty day simple moving average of $654.99 and a 200-day simple moving average of $724.46. The company has a current ratio of 2.13, a quick ratio of 1.48 and a debt-to-equity ratio of 1.65. KLA Co. has a 1-year low of $577.00 and a 1-year high of $896.32.

KLA (NASDAQ:KLAC - Get Free Report) last issued 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. KLA had a net margin of 28.92% and a return on equity of 105.16%. The firm had revenue of $2.84 billion for the quarter, compared to analysts' expectations of $2.75 billion. During the same quarter last year, the company posted $5.74 earnings per share. KLA's revenue was up 18.5% on a year-over-year basis. As a group, equities research analysts expect that KLA Co. will post 30.37 EPS for the current year.

KLA Increases Dividend

The company also recently declared 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. This is a positive change from KLA's previous quarterly dividend of $1.45. This represents a $6.80 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date was Monday, November 18th. KLA's dividend payout ratio (DPR) is presently 31.05%.

Analyst Ratings Changes

Several brokerages recently issued reports on KLAC. Cantor Fitzgerald reissued a "neutral" rating and set a $925.00 price objective on shares of KLA in a research note on Tuesday, October 8th. Susquehanna dropped their target price on 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 upgraded 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. Oppenheimer upgraded KLA from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $750.00 to $850.00 in a report on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of KLA from $890.00 to $750.00 and set a "buy" rating on the stock in a report on Thursday, October 31st. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $806.60.

About KLA

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.