Virtu Financial LLC purchased a new position in shares of KLA Co. (NASDAQ:KLAC - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,284 shares of the semiconductor company's stock, valued at approximately $994,000.
Other hedge funds have also made changes to their positions in the company. Family Firm Inc. bought a new position in KLA in the 2nd quarter worth approximately $30,000. Legacy Investment Solutions LLC bought a new position in shares of KLA in the third quarter worth $29,000. Capital Performance Advisors LLP acquired a new position in shares of KLA during the third quarter valued at $38,000. 1620 Investment Advisors Inc. bought a new stake in shares of KLA during the second quarter valued at about $44,000. Finally, FSA Wealth Management LLC acquired a new stake in KLA in the third quarter worth about $53,000. Institutional investors own 86.65% of the company's stock.
Analysts Set New Price Targets
Several equities analysts have commented on the stock. Cantor Fitzgerald reissued a "neutral" rating and set a $925.00 target price on shares of KLA in a research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft dropped their target price on KLA from $890.00 to $750.00 and set a "buy" rating on the stock in a report on Thursday, October 31st. Susquehanna decreased their price target on KLA from $680.00 to $675.00 and set a "neutral" rating for the company in a research note on Friday, October 11th. TD Cowen cut their price objective on KLA from $760.00 to $725.00 and set a "hold" rating for the company in a report on Thursday, October 31st. Finally, StockNews.com cut KLA from a "buy" rating to a "hold" rating in a research note on Wednesday, November 27th. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $812.30.
Check Out Our Latest Report on KLA
KLA Stock Up 1.1 %
NASDAQ:KLAC traded up $7.16 on Friday, hitting $653.76. 1,463,409 shares of the company's stock traded hands, compared to its average volume of 978,387. The company has a market cap of $87.45 billion, a PE ratio of 29.85, a price-to-earnings-growth ratio of 1.38 and a beta of 1.27. KLA Co. has a 1 year low of $542.41 and a 1 year 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. The firm has a 50-day moving average price of $674.82 and a 200-day moving average price of $750.06.
KLA (NASDAQ:KLAC - Get Free Report) last released its quarterly earnings data 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 analyst estimates of $2.75 billion. KLA had a net margin of 28.92% and a return on equity of 105.16%. The company's revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.74 EPS. Equities analysts anticipate that KLA Co. will post 30.61 EPS for the current fiscal year.
KLA Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were issued a dividend of $1.70 per share. This is an increase from KLA's previous quarterly dividend of $1.45. This represents a $6.80 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend was Monday, November 18th. KLA's dividend payout ratio is currently 31.05%.
KLA Company 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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