Los Angeles Capital Management LLC Sells 51,333 Shares of KLA Co. (NASDAQ:KLAC)

Los Angeles Capital Management LLC trimmed its position in shares of KLA Co. (NASDAQ:KLAC - Free Report) by 25.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 148,840 shares of the semiconductor company's stock after selling 51,333 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.11% of KLA worth $115,263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in KLAC. Capital Market Strategies LLC raised its stake in shares of KLA by 1.6% in the 2nd quarter. Capital Market Strategies LLC now owns 808 shares of the semiconductor company's stock valued at $666,000 after acquiring an additional 13 shares in the last quarter. CVA Family Office LLC raised its stake in shares of KLA by 3.7% in the 3rd quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company's stock valued at $283,000 after acquiring an additional 13 shares in the last quarter. HBW Advisory Services LLC raised its stake in shares of KLA by 2.6% in the 2nd quarter. HBW Advisory Services LLC now owns 548 shares of the semiconductor company's stock valued at $452,000 after acquiring an additional 14 shares in the last quarter. TIAA Trust National Association increased its position in KLA by 0.4% in the 2nd 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 period. Finally, AA Financial Advisors LLC increased its position in KLA by 2.7% in the 2nd 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. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on KLAC. The Goldman Sachs Group lifted their price target on KLA from $735.00 to $838.00 and gave the stock a "buy" rating in a research report on Thursday, July 25th. Susquehanna dropped their price target on KLA from $680.00 to $675.00 and set a "neutral" rating on the stock in a research report on Friday, October 11th. Oppenheimer upgraded KLA from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $750.00 to $850.00 in a research report on Thursday, October 31st. Wells Fargo & Company lowered their price objective on KLA from $950.00 to $870.00 and set an "overweight" rating on the stock in a research report on Thursday, October 3rd. Finally, Evercore ISI boosted their price objective on KLA from $800.00 to $900.00 and gave the company an "outperform" rating in a research report on Thursday, July 25th. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat, KLA currently has a consensus rating of "Moderate Buy" and a consensus target price of $802.90.

KLA Trading Up 0.2 %

Shares of KLAC stock traded up $1.26 on Friday, reaching $687.41. 1,278,083 shares of the stock were exchanged, compared to its average volume of 1,253,782. The stock has a 50 day moving average price of $731.06 and a 200 day moving average price of $764.53. The stock has a market cap of $91.95 billion, a PE ratio of 31.39, a P/E/G ratio of 1.45 and a beta of 1.29. 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 one year low of $505.50 and a one year high of $896.32.

KLA (NASDAQ:KLAC - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, beating analysts' consensus estimates of $7.03 by $0.30. The business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.75 billion. KLA had a return on equity of 105.16% and a net margin of 28.92%. The firm's revenue was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.74 earnings per share. Equities research analysts forecast that KLA Co. will post 30.91 EPS for the current fiscal year.

KLA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Monday, November 18th will be issued a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 0.99%. 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 currently 26.48%.

KLA Company 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.