MML Investors Services LLC Acquires 1,829 Shares of KLA Co. (NASDAQ:KLAC)

MML Investors Services LLC increased its position in shares of KLA Co. (NASDAQ:KLAC - Free Report) by 8.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,102 shares of the semiconductor company's stock after acquiring an additional 1,829 shares during the period. MML Investors Services LLC's holdings in KLA were worth $17,891,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC bought a new stake in shares of KLA in the 3rd quarter valued at approximately $29,000. Dorsey Wright & Associates grew its position in KLA by 2.6% in the third quarter. Dorsey Wright & Associates now owns 6,655 shares of the semiconductor company's stock worth $5,154,000 after acquiring an additional 166 shares in the last quarter. Main Management ETF Advisors LLC acquired a new position in shares of KLA during the 3rd quarter worth $1,803,000. Orion Portfolio Solutions LLC lifted its stake in shares of KLA by 10.2% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 14,592 shares of the semiconductor company's stock valued at $11,301,000 after purchasing an additional 1,355 shares during the last quarter. Finally, World Investment Advisors LLC bought a new stake in KLA in the third quarter worth $128,482,000. Institutional investors and hedge funds own 86.65% of the company's stock.

Analyst Ratings Changes

KLAC has been the topic of several recent research reports. Oppenheimer upgraded 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 report on Thursday, October 31st. UBS Group reduced their target price on KLA from $900.00 to $765.00 and set a "neutral" rating for the company in a report on Thursday, September 12th. TD Cowen decreased their target price on KLA from $760.00 to $725.00 and set a "hold" rating for the company in a research report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft dropped their price target on shares of KLA from $890.00 to $750.00 and set a "buy" rating on the stock in a research report on Thursday, October 31st. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of KLA in a report on Thursday, October 31st. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, KLA has a consensus rating of "Moderate Buy" and a consensus price target of $812.30.

KLA Price Performance

Shares of NASDAQ KLAC traded down $10.50 during mid-day trading on Tuesday, hitting $641.87. 914,538 shares of the stock were exchanged, compared to its average volume of 977,220. The company has a market cap of $85.86 billion, a P/E ratio of 29.31, a PEG ratio of 1.38 and a beta of 1.28. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.48 and a current ratio of 2.13. KLA Co. has a twelve month low of $542.41 and a twelve month high of $896.32. The stock's fifty day simple moving average is $684.86 and its two-hundred day simple moving average is $753.35.

KLA (NASDAQ:KLAC - Get Free Report) last released 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. The firm had revenue of $2.84 billion during the quarter, compared to analysts' expectations of $2.75 billion. KLA had a return on equity of 105.16% and a net margin of 28.92%. The business's revenue was up 18.5% on a year-over-year basis. During the same period last year, the firm posted $5.74 EPS. As a group, analysts forecast that KLA Co. will post 30.61 EPS for the current fiscal year.

KLA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders 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 1.06%. This is a positive change from KLA's previous quarterly dividend of $1.45. The ex-dividend date was Monday, November 18th. KLA's dividend payout ratio is presently 31.05%.

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.