Aaron Wealth Advisors LLC lowered its holdings in KLA Co. (NASDAQ:KLAC – Free Report) by 27.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 417 shares of the semiconductor company’s stock after selling 161 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in KLA were worth $263,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp grew its stake in shares of KLA by 2.5% during the 3rd quarter. State Street Corp now owns 5,979,293 shares of the semiconductor company’s stock worth $4,630,424,000 after purchasing an additional 145,317 shares during the period. Mizuho Securities USA LLC increased its stake in KLA by 32,828.8% during 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 acquiring an additional 3,408,617 shares during the last quarter. Geode Capital Management LLC lifted its position in KLA by 3.0% in the third quarter. Geode Capital Management LLC now owns 3,221,694 shares of the semiconductor company’s stock valued at $2,487,971,000 after buying an additional 93,743 shares during the last quarter. Van ECK Associates Corp boosted 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 buying an additional 286,015 shares during the period. Finally, Legal & General Group Plc increased its stake in KLA by 1.9% during the second quarter. Legal & General Group Plc now owns 1,163,958 shares of the semiconductor company’s stock worth $959,695,000 after purchasing an additional 21,412 shares during the period. 86.65% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several brokerages recently weighed in on KLAC. TD Cowen reduced their target price on shares of KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. Needham & Company LLC raised KLA from a “hold” rating to a “buy” rating and set a $750.00 target price for the company in a report on Monday, January 13th. The Goldman Sachs Group dropped their price objective on KLA from $850.00 to $759.00 and set a “buy” rating for the company in a research note on Friday, January 10th. Barclays decreased their price objective on KLA from $750.00 to $700.00 and set an “equal weight” rating on the stock in a research note on Friday. Finally, Wells Fargo & Company reduced their price target on KLA from $800.00 to $795.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, KLA presently has a consensus rating of “Moderate Buy” and a consensus price target of $806.60.
KLA Price Performance
Shares of NASDAQ KLAC opened at $757.47 on Tuesday. The stock has a market capitalization of $101.32 billion, a price-to-earnings ratio of 34.59, a PEG ratio of 1.47 and a beta of 1.27. KLA Co. has a fifty-two week low of $577.00 and a fifty-two week high of $896.32. The business has a 50-day moving average of $654.99 and a 200-day moving average of $724.46. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.13 and a quick ratio of 1.48.
KLA (NASDAQ:KLAC – Get Free Report) last announced its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, topping the consensus estimate of $7.03 by $0.30. KLA had a net margin of 28.92% and a return on equity of 105.16%. The company had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.75 billion. During the same period last year, the firm earned $5.74 earnings per share. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. As a group, sell-side analysts predict that KLA Co. will post 30.37 earnings per share for the current fiscal year.
KLA Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th were given a dividend of $1.70 per share. The ex-dividend date was Monday, November 18th. This represents a $6.80 dividend on an annualized basis and a yield of 0.90%. This is a boost from KLA’s previous quarterly dividend of $1.45. KLA’s dividend payout ratio is 31.05%.
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.
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