Mizuho Securities USA LLC increased its holdings in KLA Co. (NASDAQ:KLAC - Free Report) by 32,828.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,419,000 shares of the semiconductor company's stock after acquiring an additional 3,408,617 shares during the quarter. KLA makes up about 6.9% of Mizuho Securities USA LLC's investment portfolio, making the stock its 4th largest position. Mizuho Securities USA LLC owned approximately 2.56% of KLA worth $2,647,708,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cedar Wealth Management LLC lifted its stake in shares of KLA by 77.3% during the 1st quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 17 shares during the last quarter. Family Firm Inc. purchased a new stake in shares of KLA during the second quarter valued at about $30,000. Capital Performance Advisors LLP bought a new stake in shares of KLA in the 3rd quarter valued at about $38,000. 1620 Investment Advisors Inc. purchased a new position in shares of KLA in the 2nd quarter worth approximately $44,000. Finally, LRI Investments LLC purchased a new position in shares of KLA in the 1st quarter worth approximately $45,000. 86.65% of the stock is currently owned by institutional investors.
KLA Price Performance
KLAC stock traded down $30.54 during mid-day trading on Friday, reaching $614.46. 1,712,201 shares of the company's stock were exchanged, compared to its average volume of 961,993. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.13 and a quick ratio of 1.48. KLA Co. has a 12-month low of $527.11 and a 12-month high of $896.32. The stock's 50 day moving average is $721.02 and its 200 day moving average is $762.59. The company has a market cap of $82.19 billion, a price-to-earnings ratio of 28.06, a price-to-earnings-growth ratio of 1.36 and a beta of 1.29.
KLA (NASDAQ:KLAC - Get Free Report) last announced its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.03 by $0.30. The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.75 billion. KLA had a return on equity of 105.16% and a net margin of 28.92%. The business's revenue was up 18.5% on a year-over-year basis. During the same quarter last year, the firm posted $5.74 EPS. On average, research analysts expect that KLA Co. will post 30.91 EPS for the current year.
KLA Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Monday, November 18th will be given a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Monday, November 18th. This is an increase from KLA's previous quarterly dividend of $1.45. KLA's dividend payout ratio is 31.05%.
Analyst Ratings Changes
Several analysts have recently commented on the company. Susquehanna decreased their price objective on KLA from $680.00 to $675.00 and set a "neutral" rating for the company in a report on Friday, October 11th. Oppenheimer raised shares of KLA from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $750.00 to $850.00 in a report on Thursday, October 31st. UBS Group dropped their price objective on shares of KLA from $900.00 to $765.00 and set a "neutral" rating on the stock in a report on Thursday, September 12th. Argus raised their target price on KLA from $800.00 to $875.00 and gave the stock a "buy" rating in a research note on Friday, July 26th. Finally, TD Cowen dropped their price target on KLA from $760.00 to $725.00 and set a "hold" rating on the stock in a research note on Thursday, October 31st. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $802.90.
Check Out Our Latest Stock Analysis on KLA
KLA Company 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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