National Bank of Canada FI Has $101.65 Million Stock Holdings in KLA Co. (NASDAQ:KLAC)

National Bank of Canada FI grew its position in KLA Co. (NASDAQ:KLAC - Free Report) by 5.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 131,264 shares of the semiconductor company's stock after purchasing an additional 6,674 shares during the quarter. National Bank of Canada FI owned approximately 0.10% of KLA worth $101,652,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Family Firm Inc. bought a new position in KLA during the second quarter worth $30,000. Capital Performance Advisors LLP bought a new position in shares of KLA during the 3rd quarter worth about $38,000. 1620 Investment Advisors Inc. acquired a new position in shares of KLA during the second quarter valued at about $44,000. FSA Wealth Management LLC bought a new stake in shares of KLA in the third quarter valued at about $53,000. Finally, Peterson Financial Group Inc. acquired a new stake in KLA during the third quarter worth about $56,000. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KLAC has been the subject of several research reports. Needham & Company LLC reaffirmed a "hold" rating on shares of KLA in a research report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft dropped their target price on KLA from $890.00 to $750.00 and set a "buy" rating for the company in a report on Thursday, October 31st. Citigroup cut their target price on KLA from $960.00 to $900.00 and set a "buy" rating for the company in a research report on Monday, September 16th. UBS Group lowered their price target on KLA from $900.00 to $765.00 and set a "neutral" rating on the stock in a research report on Thursday, September 12th. Finally, Wells Fargo & Company reduced their target price on shares of KLA from $870.00 to $800.00 and set an "overweight" rating on the stock in a research note on Friday. Eight research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $812.30.

KLA Trading Up 0.9 %

Shares of KLA stock traded up $5.73 during trading on Friday, reaching $648.34. 862,519 shares of the company were exchanged, compared to its average volume of 1,222,015. KLA Co. has a twelve month low of $530.07 and a twelve month high of $896.32. The business has a 50-day moving average price of $687.30 and a 200-day moving average price of $754.15. 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 $86.72 billion, a price-to-earnings ratio of 29.60, a P/E/G ratio of 1.40 and a beta of 1.27.

KLA (NASDAQ:KLAC - Get Free Report) last announced its quarterly earnings results 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 company 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%. KLA's revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the business posted $5.74 EPS. Sell-side analysts anticipate that KLA Co. will post 30.63 EPS for the current fiscal year.

KLA Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 1.05%. This is a positive change from KLA's previous quarterly dividend of $1.45. KLA's dividend payout ratio (DPR) is currently 31.05%.

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.