Legacy Wealth Asset Management LLC reduced its stake in shares of KLA Co. (NASDAQ:KLAC - Free Report) by 19.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,813 shares of the semiconductor company's stock after selling 442 shares during the quarter. Legacy Wealth Asset Management LLC's holdings in KLA were worth $1,142,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Mizuho Securities USA LLC raised its position in KLA by 32,828.8% during the third quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company's stock valued at $2,647,708,000 after purchasing an additional 3,408,617 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of KLA by 76,452.4% during the 3rd quarter. International Assets Investment Management LLC now owns 302,382 shares of the semiconductor company's stock worth $234,168,000 after buying an additional 301,987 shares in the last quarter. Van ECK Associates Corp lifted its position 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 worth $1,083,684,000 after buying an additional 286,015 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in KLA by 6,188.5% in the third quarter. Assenagon Asset Management S.A. now owns 239,404 shares of the semiconductor company's stock valued at $185,397,000 after buying an additional 235,597 shares in the last quarter. Finally, Two Sigma Advisers LP grew its position in KLA by 10,766.7% in the third quarter. Two Sigma Advisers LP now owns 228,200 shares of the semiconductor company's stock valued at $176,720,000 after acquiring an additional 226,100 shares during the last quarter. Institutional investors own 86.65% of the company's stock.
KLA Trading Up 1.4 %
KLAC traded up $10.21 during trading on Friday, reaching $757.47. 1,402,515 shares of the stock traded hands, compared to its average volume of 1,292,155. The stock's 50-day moving average is $652.37 and its 200 day moving average is $726.49. KLA Co. has a 12 month low of $577.00 and a 12 month 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 stock has a market capitalization of $101.32 billion, a PE ratio of 34.59, a P/E/G ratio of 1.47 and a beta of 1.27.
KLA (NASDAQ:KLAC - Get Free Report) last released its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, topping the consensus estimate of $7.03 by $0.30. KLA had a return on equity of 105.16% and a net margin of 28.92%. The business had revenue of $2.84 billion during the quarter, compared to analysts' expectations of $2.75 billion. During the same quarter last year, the firm posted $5.74 earnings per share. The firm's revenue was up 18.5% on a year-over-year basis. Equities analysts anticipate that KLA Co. will post 30.37 earnings per share for the current year.
KLA Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were given a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend was Monday, November 18th. This is an increase from KLA's previous quarterly dividend of $1.45. KLA's payout ratio is presently 31.05%.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on KLAC. TD Cowen reduced their price target on shares of KLA from $760.00 to $725.00 and set a "hold" rating on the stock in a research note on Thursday, October 31st. Barclays cut their target price on shares of KLA from $750.00 to $700.00 and set an "equal weight" rating on the stock in a research report on Friday. Cantor Fitzgerald reiterated a "neutral" rating and set a $925.00 price target on shares of KLA in a report on Tuesday, October 8th. Wells Fargo & Company cut their price objective 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 lowered their target price on KLA from $850.00 to $759.00 and set a "buy" rating for the company in a report on Friday, January 10th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, KLA presently has a consensus rating of "Moderate Buy" and a consensus price target of $806.60.
Read Our Latest Stock Report on KLA
About KLA
(
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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