Oppenheimer & Co. Inc. Has $5.49 Million Holdings in KLA Co. (NASDAQ:KLAC)

Oppenheimer & Co. Inc. decreased its holdings in KLA Co. (NASDAQ:KLAC - Free Report) by 23.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,083 shares of the semiconductor company's stock after selling 2,227 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in KLA were worth $5,485,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Cedar Wealth Management LLC grew its position in KLA by 77.3% during the 1st quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 17 shares in the last quarter. Family Firm Inc. purchased a new stake in KLA in the 2nd quarter worth about $30,000. Capital Performance Advisors LLP acquired a new stake in KLA during the 3rd quarter worth about $38,000. 1620 Investment Advisors Inc. acquired a new position in shares of KLA in the 2nd quarter valued at about $44,000. Finally, LRI Investments LLC purchased a new stake in shares of KLA in the first quarter worth approximately $45,000. Institutional investors own 86.65% of the company's stock.

KLA Stock Performance

Shares of NASDAQ KLAC traded down $27.34 during mid-day trading on Friday, hitting $617.66. The company had a trading volume of 823,127 shares, compared to its average volume of 957,989. KLA Co. has a 12 month low of $527.11 and a 12 month high of $896.32. The firm has a market cap of $82.62 billion, a P/E ratio of 28.47, a PEG ratio of 1.36 and a beta of 1.29. The business's 50-day simple moving average is $722.79 and its 200-day simple moving average is $763.28. 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 (NASDAQ:KLAC - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.03 by $0.30. The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.75 billion. KLA had a net margin of 28.92% and a return on equity of 105.16%. The business's revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.74 EPS. As a group, analysts predict that KLA Co. will post 30.91 earnings per share for the current fiscal year.

KLA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th will be paid a $1.70 dividend. This is a positive change from KLA's previous quarterly dividend of $1.45. This represents a $6.80 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Monday, November 18th. KLA's dividend payout ratio is currently 26.48%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Evercore ISI upped their price objective on shares of KLA from $800.00 to $900.00 and gave the company an "outperform" rating in a research note on Thursday, July 25th. The Goldman Sachs Group upped their price target on shares of KLA from $735.00 to $838.00 and gave the stock a "buy" rating in a research note on Thursday, July 25th. Barclays cut their price objective on KLA from $800.00 to $750.00 and set an "equal weight" rating for the company in a report on Thursday, October 31st. StockNews.com raised KLA from a "hold" rating to a "buy" rating in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on KLA from $890.00 to $750.00 and set a "buy" rating for the company in a report on Thursday, October 31st. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $802.90.

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.