KLA Co. (NASDAQ:KLAC) Position Boosted by Quantinno Capital Management LP

Quantinno Capital Management LP raised its position in KLA Co. (NASDAQ:KLAC - Free Report) by 46.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,097 shares of the semiconductor company's stock after acquiring an additional 3,840 shares during the quarter. Quantinno Capital Management LP's holdings in KLA were worth $9,369,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Mizuho Securities USA LLC lifted its stake in shares of KLA by 32,828.8% in the third quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company's stock worth $2,647,708,000 after acquiring an additional 3,408,617 shares in the last quarter. International Assets Investment Management LLC boosted its stake 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 valued at $234,168,000 after buying an additional 301,987 shares during the last quarter. Van ECK Associates Corp grew its position in shares of KLA by 25.7% during the third 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 in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of 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 worth $185,397,000 after buying an additional 235,597 shares during the last quarter. Finally, 1832 Asset Management L.P. raised its holdings in KLA by 2,205.8% in the second quarter. 1832 Asset Management L.P. now owns 201,592 shares of the semiconductor company's stock valued at $166,215,000 after acquiring an additional 192,849 shares in the last quarter. Hedge funds and other institutional investors own 86.65% of the company's stock.

KLA Stock Performance

NASDAQ KLAC traded up $5.73 on Friday, hitting $648.34. The stock had a trading volume of 862,372 shares, compared to its average volume of 976,993. The company's 50-day moving average is $687.30 and its two-hundred day moving average is $754.35. The stock has a market cap 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. The company has a quick ratio of 1.48, a current ratio of 2.13 and a debt-to-equity ratio of 1.65. KLA Co. has a one year low of $530.07 and a one year high of $896.32.

KLA (NASDAQ:KLAC - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $2.84 billion for the quarter, compared to analysts' expectations of $2.75 billion. KLA had a net margin of 28.92% and a return on equity of 105.16%. The company's revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the business earned $5.74 earnings per share. On average, analysts expect that KLA Co. will post 30.91 earnings per share for the current year.

KLA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th were issued a $1.70 dividend. The ex-dividend date was Monday, November 18th. This is a boost from KLA's previous quarterly dividend of $1.45. This represents a $6.80 annualized dividend and a dividend yield of 1.05%. KLA's dividend payout ratio (DPR) is 31.05%.

Analyst Ratings Changes

Several research analysts have weighed in on KLAC shares. Barclays decreased their price objective on shares of KLA from $800.00 to $750.00 and set an "equal weight" rating for the company in a report on Thursday, October 31st. Morgan Stanley reduced their price target on shares of KLA from $746.00 to $703.00 and set an "equal weight" rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft lowered their price objective on KLA from $890.00 to $750.00 and set a "buy" rating for the company in a report on Thursday, October 31st. StockNews.com downgraded KLA from a "buy" rating to a "hold" rating in a report on Wednesday, November 27th. Finally, Oppenheimer upgraded KLA from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $750.00 to $850.00 in a report on Thursday, October 31st. Eight research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $812.30.

About KLA

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.