KLA Co. (NASDAQ:KLAC) Shares Bought by Two Sigma Advisers LP

Two Sigma Advisers LP raised its holdings in shares of KLA Co. (NASDAQ:KLAC - Free Report) by 10,766.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 228,200 shares of the semiconductor company's stock after purchasing an additional 226,100 shares during the period. Two Sigma Advisers LP owned 0.17% of KLA worth $176,720,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. CVA Family Office LLC raised its position in shares of KLA by 3.7% in the third quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company's stock valued at $283,000 after buying an additional 13 shares during the last quarter. TIAA Trust National Association raised its position in shares of KLA by 0.4% in the second quarter. TIAA Trust National Association now owns 3,249 shares of the semiconductor company's stock valued at $2,679,000 after buying an additional 14 shares during the last quarter. AA Financial Advisors LLC raised its position in shares of KLA by 2.7% in the second quarter. AA Financial Advisors LLC now owns 567 shares of the semiconductor company's stock valued at $467,000 after buying an additional 15 shares during the last quarter. Ameritas Advisory Services LLC raised its position in shares of KLA by 1.2% in the second quarter. Ameritas Advisory Services LLC now owns 1,280 shares of the semiconductor company's stock valued at $1,055,000 after buying an additional 15 shares during the last quarter. Finally, Greystone Financial Group LLC raised its position in shares of KLA by 1.3% in the second quarter. Greystone Financial Group LLC now owns 1,188 shares of the semiconductor company's stock valued at $980,000 after buying an additional 15 shares during the last quarter. Hedge funds and other institutional investors own 86.65% of the company's stock.

KLA Stock Up 0.7 %

NASDAQ:KLAC traded up $4.78 during mid-day trading on Friday, hitting $647.39. The stock had a trading volume of 415,356 shares, compared to its average volume of 974,970. The stock has a 50-day simple moving average of $689.99 and a two-hundred day simple moving average of $755.21. The company has a market capitalization of $86.59 billion, a PE ratio of 29.57, a PEG ratio of 1.40 and a beta of 1.27. KLA Co. has a twelve month low of $530.07 and a twelve month high of $896.32. The company has a current ratio of 2.13, a quick ratio of 1.48 and a debt-to-equity ratio of 1.65.

KLA (NASDAQ:KLAC - Get Free Report) last issued its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share 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 analysts' expectations of $2.75 billion. KLA had a net margin of 28.92% and a return on equity of 105.16%. The firm's revenue was up 18.5% compared to the same quarter last year. During the same quarter last year, the company earned $5.74 earnings per share. On average, equities research analysts anticipate that KLA Co. will post 30.91 EPS for the current year.

KLA Increases Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on KLAC. Wells Fargo & Company reduced their target price on shares of KLA from $870.00 to $800.00 and set an "overweight" rating for the company in a research report on Friday. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of KLA from $890.00 to $750.00 and set a "buy" rating for the company in a report on Thursday, October 31st. StockNews.com lowered shares of KLA from a "buy" rating to a "hold" rating in a report on Wednesday, November 27th. Susquehanna dropped their price objective on shares of KLA from $680.00 to $675.00 and set a "neutral" rating for the company in a report on Friday, October 11th. Finally, Citigroup lowered their target price on shares of KLA from $960.00 to $900.00 and set a "buy" rating for the company in a research note on Monday, September 16th. Eight analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.