Atria Investments Inc Sells 776 Shares of KLA Co. (NASDAQ:KLAC)

Atria Investments Inc reduced its position in KLA Co. (NASDAQ:KLAC - Free Report) by 6.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 10,647 shares of the semiconductor company's stock after selling 776 shares during the period. Atria Investments Inc's holdings in KLA were worth $8,245,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of KLA by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 13,112,261 shares of the semiconductor company's stock valued at $9,159,832,000 after purchasing an additional 76,226 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of KLA by 1.0% in the 2nd 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 purchasing an additional 28,172 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of KLA by 2.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,618,709 shares of the semiconductor company's stock valued at $1,829,352,000 after acquiring an additional 71,289 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of KLA by 25.7% during 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 acquiring an additional 286,015 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of KLA by 1.9% during the 2nd quarter. Legal & General Group Plc now owns 1,163,958 shares of the semiconductor company's stock valued at $959,695,000 after acquiring an additional 21,412 shares in the last quarter. 86.65% of the stock is owned by hedge funds and other institutional investors.

KLA Stock Down 3.1 %

KLAC stock traded down $21.38 during trading hours on Monday, hitting $666.03. The company's stock had a trading volume of 1,168,051 shares, compared to its average volume of 953,252. 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 company has a market capitalization of $89.09 billion, a PE ratio of 31.39, a price-to-earnings-growth ratio of 1.45 and a beta of 1.29. KLA Co. has a 12 month low of $524.03 and a 12 month high of $896.32. The stock has a 50 day moving average price of $731.06 and a two-hundred day moving average price of $765.29.

KLA (NASDAQ:KLAC - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $2.75 billion. During the same period in the prior year, the firm earned $5.74 EPS. The business's revenue was up 18.5% on a year-over-year basis. On average, equities research analysts expect that KLA Co. will post 30.91 earnings per share for the current year.

KLA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th will be given a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Monday, November 18th. This is a boost from KLA's previous quarterly dividend of $1.45. KLA's dividend payout ratio (DPR) is presently 26.48%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group lifted their target price on shares of KLA from $735.00 to $838.00 and gave the company a "buy" rating in a report on Thursday, July 25th. Needham & Company LLC reaffirmed a "hold" rating on shares of KLA in a research note on Thursday, October 31st. TD Cowen dropped their target price on shares of KLA from $760.00 to $725.00 and set a "hold" rating for the company in a research report on Thursday, October 31st. Barclays dropped their target price on shares of KLA from $800.00 to $750.00 and set an "equal weight" rating for the company in a research report on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of KLA from $890.00 to $750.00 and set a "buy" rating for the company in a research report on Thursday, October 31st. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, KLA presently has an average rating of "Moderate Buy" and an average target price of $802.90.

KLA Profile

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.