Jaffetilchin Investment Partners LLC acquired a new position in KLA Co. (NASDAQ:KLAC - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 792 shares of the semiconductor company's stock, valued at approximately $614,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Choate Investment Advisors increased its position in KLA by 11.8% during the first quarter. Choate Investment Advisors now owns 623 shares of the semiconductor company's stock worth $435,000 after buying an additional 66 shares in the last quarter. Russell Investments Group Ltd. grew its position in KLA by 1.1% in the first quarter. Russell Investments Group Ltd. now owns 40,900 shares of the semiconductor company's stock valued at $28,556,000 after acquiring an additional 431 shares during the last quarter. Avantax Advisory Services Inc. raised its position in KLA by 2.2% in the 1st quarter. Avantax Advisory Services Inc. now owns 1,424 shares of the semiconductor company's stock valued at $995,000 after buying an additional 31 shares during the last quarter. Edmond DE Rothschild Holding S.A. raised its holdings in shares of KLA by 15.0% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 222 shares of the semiconductor company's stock valued at $155,000 after buying an additional 29 shares in the last quarter. Finally, Entropy Technologies LP purchased a new position in KLA during the first quarter valued at $3,997,000. Hedge funds and other institutional investors own 86.65% of the company's stock.
KLA Stock Performance
NASDAQ KLAC traded down $1.25 on Tuesday, reaching $664.78. The stock had a trading volume of 1,110,902 shares, compared to its average volume of 955,136. The business's 50-day moving average price is $728.00 and its 200 day moving average price is $765.24. The stock has a market cap of $88.92 billion, a P/E ratio of 30.41, a price-to-earnings-growth ratio of 1.45 and a beta of 1.29. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.48 and a current ratio of 2.13. KLA Co. has a 12-month low of $524.03 and a 12-month high of $896.32.
KLA (NASDAQ:KLAC - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, topping analysts' consensus estimates of $7.03 by $0.30. The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.75 billion. KLA had a return on equity of 105.16% and a net margin of 28.92%. The company's quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.74 EPS. As a group, equities analysts expect that KLA Co. will post 30.91 earnings per share for the current year.
KLA Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th will be paid a $1.70 dividend. This is a positive change from KLA's previous quarterly dividend of $1.45. The ex-dividend date is Monday, November 18th. This represents a $6.80 annualized dividend and a yield of 1.02%. KLA's dividend payout ratio (DPR) is 31.05%.
Analysts Set New Price Targets
KLAC has been the topic of a number of analyst reports. Oppenheimer upgraded KLA from a "market perform" rating to an "outperform" rating and raised their target price for the company from $750.00 to $850.00 in a research report on Thursday, October 31st. Wells Fargo & Company decreased their target price on shares of KLA from $950.00 to $870.00 and set an "overweight" rating for the company in a research report on Thursday, October 3rd. The Goldman Sachs Group raised their price objective on shares of KLA from $735.00 to $838.00 and gave the stock a "buy" rating in a report on Thursday, July 25th. StockNews.com raised shares of KLA from a "hold" rating to a "buy" rating in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. boosted their target price on shares of KLA from $800.00 to $950.00 and gave the company an "overweight" rating in a research report on Thursday, July 25th. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $802.90.
View Our Latest Report on KLA
KLA Profile
(
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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