KLA Co. (NASDAQ:KLAC) Shares Sold by Intellectus Partners LLC

Intellectus Partners LLC lowered its position in KLA Co. (NASDAQ:KLAC - Free Report) by 90.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 442 shares of the semiconductor company's stock after selling 3,999 shares during the period. Intellectus Partners LLC's holdings in KLA were worth $342,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Capital Market Strategies LLC grew its stake in shares of KLA by 1.6% during the second quarter. Capital Market Strategies LLC now owns 808 shares of the semiconductor company's stock worth $666,000 after acquiring an additional 13 shares during the last quarter. CVA Family Office LLC grew its position in KLA by 3.7% during the 3rd quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company's stock worth $283,000 after purchasing an additional 13 shares during the last quarter. HBW Advisory Services LLC increased its stake in KLA by 2.6% during the 2nd quarter. HBW Advisory Services LLC now owns 548 shares of the semiconductor company's stock valued at $452,000 after purchasing an additional 14 shares in the last quarter. TIAA Trust National Association raised its holdings in shares of KLA by 0.4% in the second quarter. TIAA Trust National Association now owns 3,249 shares of the semiconductor company's stock worth $2,679,000 after buying an additional 14 shares during the last quarter. Finally, AA Financial Advisors LLC lifted its stake in shares of KLA by 2.7% during the second quarter. AA Financial Advisors LLC now owns 567 shares of the semiconductor company's stock worth $467,000 after buying an additional 15 shares during the period. Institutional investors own 86.65% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on KLAC. TD Cowen cut their target price on KLA from $760.00 to $725.00 and set a "hold" rating on the stock in a research report on Thursday, October 31st. Wells Fargo & Company reduced their price objective on KLA from $950.00 to $870.00 and set an "overweight" rating for the company in a research note on Thursday, October 3rd. Oppenheimer upgraded shares of KLA from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $750.00 to $850.00 in a report on Thursday, October 31st. Argus lifted their price objective on shares of KLA from $800.00 to $875.00 and gave the company a "buy" rating in a research note on Friday, July 26th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of KLA in a research note on Thursday, October 31st. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $802.90.

KLA Price Performance

Shares of NASDAQ KLAC traded down $30.54 during trading on Friday, hitting $614.46. The company had a trading volume of 1,712,201 shares, compared to its average volume of 961,993. The stock has a fifty day simple moving average of $721.02 and a two-hundred day simple moving average of $762.59. 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 market capitalization 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 Co. has a fifty-two week low of $527.11 and a fifty-two week high of $896.32.

KLA (NASDAQ:KLAC - Get Free Report) last announced its quarterly earnings data 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. 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 analyst estimates of $2.75 billion. During the same quarter in the prior year, the firm posted $5.74 earnings per share. KLA's quarterly revenue was up 18.5% on a year-over-year basis. On average, research analysts expect that KLA Co. will post 30.91 earnings per share for the current year.

KLA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th will be paid a dividend of $1.70 per share. The ex-dividend date is Monday, November 18th. This is a positive change from KLA's previous quarterly dividend of $1.45. This represents a $6.80 dividend on an annualized basis and a yield of 1.11%. KLA's dividend payout ratio is 31.05%.

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.