Stifel Financial Corp Has $54.77 Million Stock Holdings in KLA Co. (NASDAQ:KLAC)

Stifel Financial Corp lowered its holdings in KLA Co. (NASDAQ:KLAC - Free Report) by 11.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 70,706 shares of the semiconductor company's stock after selling 9,219 shares during the quarter. Stifel Financial Corp owned about 0.05% of KLA worth $54,768,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of KLAC. Mizuho Securities USA LLC boosted its stake in 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 purchasing an additional 3,408,617 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of KLA by 76,452.4% during the third quarter. International Assets Investment Management LLC now owns 302,382 shares of the semiconductor company's stock worth $234,168,000 after acquiring an additional 301,987 shares during the last quarter. Van ECK Associates Corp raised 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 acquiring an additional 286,015 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of KLA by 6,188.5% during the third quarter. Assenagon Asset Management S.A. now owns 239,404 shares of the semiconductor company's stock worth $185,397,000 after acquiring an additional 235,597 shares during the last quarter. Finally, 1832 Asset Management L.P. raised its position in shares of KLA by 2,205.8% during the second quarter. 1832 Asset Management L.P. now owns 201,592 shares of the semiconductor company's stock worth $166,215,000 after acquiring an additional 192,849 shares during the last quarter. Institutional investors and hedge funds own 86.65% of the company's stock.

KLA Trading Up 0.9 %

Shares of KLA stock traded up $5.73 during trading hours on Friday, hitting $648.34. The company's stock had a trading volume of 862,519 shares, compared to its average volume of 1,222,015. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.13 and a quick ratio of 1.48. The company has a market capitalization of $86.72 billion, a PE ratio of 29.60, a price-to-earnings-growth ratio of 1.40 and a beta of 1.27. The stock has a 50 day moving average of $687.30 and a 200 day moving average of $754.27. KLA Co. has a 12 month low of $530.07 and a 12 month high of $896.32.

KLA (NASDAQ:KLAC - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share for the quarter, topping the consensus estimate 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 for the quarter was up 18.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.74 earnings per share. Analysts predict that KLA Co. will post 30.63 earnings per share for the current year.

KLA Increases Dividend

The company also recently disclosed 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 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%. The ex-dividend date of this dividend was Monday, November 18th. KLA's dividend payout ratio is currently 31.05%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on KLAC shares. Citigroup dropped 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 dropped their target price on KLA from $900.00 to $765.00 and set a "neutral" rating for the company in a research report on Thursday, September 12th. Morgan Stanley dropped their target price on KLA from $746.00 to $703.00 and set an "equal weight" rating for the company in a research report on Thursday. Barclays dropped 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. Finally, Needham & Company LLC reiterated a "hold" rating on shares of KLA in a report on Thursday, October 31st. Eight analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, KLA has a consensus rating of "Moderate Buy" and an average target price of $812.30.

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.