Holocene Advisors LP bought a new position in KLA Co. (NASDAQ:KLAC - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 4,497 shares of the semiconductor company's stock, valued at approximately $3,483,000.
Other institutional investors have also added to or reduced their stakes in the company. Mizuho Securities USA LLC boosted its holdings in shares of KLA by 32,828.8% in the 3rd 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 in the last quarter. Massachusetts Financial Services Co. MA grew its position in KLA by 1.0% during the second 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 acquiring an additional 28,172 shares during the last quarter. Van ECK Associates Corp grew its position in KLA by 25.7% during the third quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company's stock valued at $1,083,684,000 after acquiring an additional 286,015 shares during the last quarter. Legal & General Group Plc raised its stake in shares of 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 in the last quarter. Finally, Alkeon Capital Management LLC lifted its holdings in shares of KLA by 5.5% in the 3rd quarter. Alkeon Capital Management LLC now owns 945,835 shares of the semiconductor company's stock worth $732,464,000 after acquiring an additional 49,470 shares during the last quarter. Institutional investors own 86.65% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of KLA from $890.00 to $750.00 and set a "buy" rating on the stock in a research report on Thursday, October 31st. Cantor Fitzgerald reiterated a "neutral" rating and issued a $925.00 price objective on shares of KLA in a report on Tuesday, October 8th. StockNews.com cut KLA from a "buy" rating to a "hold" rating in a report on Wednesday, November 27th. UBS Group decreased their price target on KLA from $900.00 to $765.00 and set a "neutral" rating on the stock in a research note on Thursday, September 12th. Finally, Citigroup lowered their price objective on KLA from $960.00 to $900.00 and set a "buy" rating for the company in a research report on Monday, September 16th. Eight equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $812.30.
View Our Latest Stock Report on KLAC
KLA Stock Up 0.9 %
Shares of NASDAQ KLAC traded up $5.73 during trading on Friday, reaching $648.34. The company had a trading volume of 862,372 shares, compared to its average volume of 975,213. The stock has a market cap of $86.72 billion, a PE ratio of 29.57, a P/E/G ratio of 1.40 and a beta of 1.27. The business's 50-day moving average is $689.99 and its 200 day moving average is $755.21. KLA Co. has a 12-month low of $530.07 and a 12-month high of $896.32. The company has a quick ratio of 1.48, a current ratio of 2.13 and a debt-to-equity ratio of 1.65.
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 the consensus estimate of $7.03 by $0.30. The firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.75 billion. KLA had a net margin of 28.92% and a return on equity of 105.16%. During the same quarter in the prior year, the firm posted $5.74 earnings per share. The business's revenue was up 18.5% on a year-over-year basis. As a group, equities analysts forecast that KLA Co. will post 30.91 earnings per share for the current fiscal year.
KLA Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th were issued a dividend of $1.70 per share. 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 dividend yield of 1.05%. The ex-dividend date was Monday, November 18th. KLA's dividend payout ratio is presently 31.05%.
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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