Versor Investments LP Makes New Investment in KLA Co. (NASDAQ:KLAC)

Versor Investments LP bought a new position in KLA Co. (NASDAQ:KLAC - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,301 shares of the semiconductor company's stock, valued at approximately $1,008,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KLAC. Choate Investment Advisors boosted its stake in shares of KLA by 11.8% in the 1st quarter. Choate Investment Advisors now owns 623 shares of the semiconductor company's stock worth $435,000 after buying an additional 66 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in KLA by 1.1% in the first quarter. Russell Investments Group Ltd. now owns 40,900 shares of the semiconductor company's stock valued at $28,556,000 after purchasing an additional 431 shares during the last quarter. Avantax Advisory Services Inc. lifted its stake in KLA by 2.2% in the first quarter. Avantax Advisory Services Inc. now owns 1,424 shares of the semiconductor company's stock valued at $995,000 after purchasing an additional 31 shares during the last quarter. Edmond DE Rothschild Holding S.A. lifted its stake in KLA by 15.0% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 222 shares of the semiconductor company's stock valued at $155,000 after purchasing an additional 29 shares during the last quarter. Finally, Entropy Technologies LP purchased a new position in KLA in the first quarter valued at approximately $3,997,000. Hedge funds and other institutional investors own 86.65% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on KLAC shares. Susquehanna dropped their target price on KLA from $680.00 to $675.00 and set a "neutral" rating on the stock in a research report on Friday, October 11th. Argus upped their price target on shares of KLA from $800.00 to $875.00 and gave the stock a "buy" rating in a report on Friday, July 26th. UBS Group decreased their price target on shares of KLA from $900.00 to $765.00 and set a "neutral" rating on the stock in a report on Thursday, September 12th. Barclays reduced their target price on KLA from $800.00 to $750.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 31st. Finally, Evercore ISI increased their target price on KLA from $800.00 to $900.00 and gave the company an "outperform" rating in a research note on Thursday, July 25th. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, KLA currently has a consensus rating of "Moderate Buy" and an average price target of $802.90.

KLA Stock Down 0.2 %

Shares of KLAC traded down $1.25 on Tuesday, hitting $664.78. 1,050,194 shares of the stock traded hands, compared to its average volume of 955,136. The company has a market capitalization of $88.92 billion, a PE ratio of 30.41, a P/E/G ratio of 1.45 and a beta of 1.29. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.48 and a current ratio of 2.13. The business has a 50 day simple moving average of $728.00 and a 200 day simple moving average of $765.24. KLA Co. has a one year low of $524.03 and a one year high of $896.32.

KLA (NASDAQ:KLAC - Get Free Report) last posted its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share for the quarter, topping analysts' consensus estimates of $7.03 by $0.30. The firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.75 billion. KLA had a net margin of 28.92% and a return on equity of 105.16%. The business's quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the firm posted $5.74 EPS. As a group, equities analysts forecast 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. Shareholders of record on Monday, November 18th will be given a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 1.02%. This is a boost from KLA's previous quarterly dividend of $1.45. The ex-dividend date is Monday, November 18th. KLA's payout ratio is 31.05%.

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.