Verdence Capital Advisors LLC cut its position in shares of KLA Co. (NASDAQ:KLAC - Free Report) by 12.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,722 shares of the semiconductor company's stock after selling 1,216 shares during the quarter. Verdence Capital Advisors LLC's holdings in KLA were worth $6,754,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Capital Market Strategies LLC boosted its holdings in KLA by 1.6% during the second quarter. Capital Market Strategies LLC now owns 808 shares of the semiconductor company's stock worth $666,000 after purchasing an additional 13 shares during the last quarter. CVA Family Office LLC boosted its stake in 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 acquiring an additional 13 shares during the last quarter. HBW Advisory Services LLC boosted its stake in KLA by 2.6% in the second quarter. HBW Advisory Services LLC now owns 548 shares of the semiconductor company's stock valued at $452,000 after acquiring an additional 14 shares during the last quarter. TIAA Trust National Association boosted its stake in 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 acquiring an additional 14 shares during the last quarter. Finally, AA Financial Advisors LLC boosted its stake in 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 acquiring an additional 15 shares during the last quarter. 86.65% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the stock. Cantor Fitzgerald reiterated a "neutral" rating and issued a $925.00 target price on shares of KLA in a research note on Tuesday, October 8th. Oppenheimer upgraded shares of KLA from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $750.00 to $850.00 in a research note on Thursday, October 31st. The Goldman Sachs Group upped their price target on shares of KLA from $735.00 to $838.00 and gave the company a "buy" rating in a research note on Thursday, July 25th. StockNews.com upgraded shares of KLA from a "hold" rating to a "buy" rating in a research note on Friday, November 1st. Finally, TD Cowen dropped their price target on shares of KLA from $760.00 to $725.00 and set a "hold" rating on the stock in a research note on Thursday, October 31st. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, KLA currently has an average rating of "Moderate Buy" and an average target price of $802.90.
Check Out Our Latest Report on KLAC
KLA Trading Up 0.2 %
Shares of KLAC stock traded up $1.26 on Friday, hitting $687.41. 1,278,083 shares of the company's stock traded hands, compared to its average volume of 1,220,755. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.48 and a current ratio of 2.13. KLA Co. has a one year low of $505.50 and a one year high of $896.32. The company's fifty day simple moving average is $731.06 and its 200 day simple moving average is $763.72. The stock has a market capitalization of $91.95 billion, a price-to-earnings ratio of 31.39, a P/E/G ratio of 1.41 and a beta of 1.29.
KLA (NASDAQ:KLAC - Get Free Report) last released its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, beating the consensus estimate of $7.03 by $0.30. The company 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 firm's quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter last year, the firm earned $5.74 EPS. Equities analysts forecast that KLA Co. will post 30.91 EPS for the current year.
KLA Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th will be given a dividend of $1.70 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $6.80 annualized dividend and a yield of 0.99%. This is a boost from KLA's previous quarterly dividend of $1.45. KLA's dividend payout ratio is presently 26.48%.
KLA Profile
(
Free Report)
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.
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