KLA Co. (NASDAQ:KLAC) Shares Bought by Eagle Rock Investment Company LLC

Eagle Rock Investment Company LLC boosted its position in shares of KLA Co. (NASDAQ:KLAC - Free Report) by 4.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,884 shares of the semiconductor company's stock after purchasing an additional 536 shares during the quarter. KLA comprises about 1.3% of Eagle Rock Investment Company LLC's portfolio, making the stock its 19th biggest position. Eagle Rock Investment Company LLC's holdings in KLA were worth $8,118,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. CVA Family Office LLC increased its holdings in KLA by 3.7% during the third quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company's stock valued at $283,000 after buying an additional 13 shares during the period. Marcum Wealth LLC boosted its position in KLA by 4.1% during the 3rd quarter. Marcum Wealth LLC now owns 384 shares of the semiconductor company's stock valued at $297,000 after acquiring an additional 15 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of KLA by 1.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,433 shares of the semiconductor company's stock valued at $1,110,000 after acquiring an additional 16 shares during the period. Ascent Wealth Partners LLC raised its position in shares of KLA by 0.4% in the 3rd quarter. Ascent Wealth Partners LLC now owns 4,466 shares of the semiconductor company's stock worth $3,459,000 after acquiring an additional 16 shares in the last quarter. Finally, Citizens Financial Group Inc. RI lifted its stake in shares of KLA by 2.8% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 582 shares of the semiconductor company's stock worth $451,000 after purchasing an additional 16 shares during the last quarter. 86.65% of the stock is owned by institutional investors.

KLA Trading Up 1.4 %

Shares of KLAC traded up $10.21 during midday trading on Friday, reaching $757.47. The company had a trading volume of 1,402,515 shares, compared to its average volume of 1,292,155. KLA Co. has a 1-year low of $577.00 and a 1-year 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. The firm has a 50 day simple moving average of $654.99 and a 200-day simple moving average of $726.15. The stock has a market cap of $101.32 billion, a PE ratio of 34.59, a price-to-earnings-growth ratio of 1.47 and a beta of 1.27.

KLA (NASDAQ:KLAC - Get Free Report) last released its quarterly earnings data 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. KLA had a net margin of 28.92% and a return on equity of 105.16%. The firm had revenue of $2.84 billion during the quarter, compared to analysts' expectations of $2.75 billion. During the same period last year, the business earned $5.74 earnings per share. KLA's revenue was up 18.5% compared to the same quarter last year. Research analysts forecast that KLA Co. will post 30.37 EPS for the current fiscal year.

KLA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were issued a $1.70 dividend. The ex-dividend date of this dividend was Monday, November 18th. This is a boost 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%. KLA's dividend payout ratio is currently 31.05%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Oppenheimer upgraded shares of 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 note on Thursday, October 31st. 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 research note on Thursday, October 31st. StockNews.com downgraded KLA from a "buy" rating to a "hold" rating in a research report on Wednesday, November 27th. Wells Fargo & Company dropped their target price on KLA from $800.00 to $795.00 and set an "overweight" rating on the stock in a report on Monday. Finally, The Goldman Sachs Group decreased their target price on shares of KLA from $850.00 to $759.00 and set a "buy" rating for the company in a research note on Friday, January 10th. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.