KLA Co. (NASDAQ:KLAC) Shares Purchased by Marco Investment Management LLC

Marco Investment Management LLC raised its holdings in shares of KLA Co. (NASDAQ:KLAC) by 1.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,617 shares of the semiconductor company’s stock after acquiring an additional 328 shares during the quarter. KLA makes up 1.6% of Marco Investment Management LLC’s investment portfolio, making the stock its 21st largest holding. Marco Investment Management LLC’s holdings in KLA were worth $18,289,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Capital Market Strategies LLC lifted its holdings in shares of KLA by 1.6% during the 2nd quarter. Capital Market Strategies LLC now owns 808 shares of the semiconductor company’s stock valued at $666,000 after buying an additional 13 shares during the last quarter. CVA Family Office LLC lifted its holdings in shares of KLA by 3.7% during the third quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company’s stock worth $283,000 after buying an additional 13 shares during the last quarter. HBW Advisory Services LLC lifted its holdings in shares of KLA by 2.6% during the second quarter. HBW Advisory Services LLC now owns 548 shares of the semiconductor company’s stock worth $452,000 after buying an additional 14 shares during the last quarter. TIAA Trust National Association lifted its holdings in shares of KLA by 0.4% during the second quarter. TIAA Trust National Association now owns 3,249 shares of the semiconductor company’s stock worth $2,679,000 after buying an additional 14 shares during the last quarter. Finally, AA Financial Advisors LLC increased its position in shares of KLA by 2.7% during the second quarter. AA Financial Advisors LLC now owns 567 shares of the semiconductor company’s stock valued at $467,000 after purchasing an additional 15 shares during the period. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on KLAC. Wells Fargo & Company lowered their price target on KLA from $950.00 to $870.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Needham & Company LLC reissued a “hold” rating on shares of KLA in a research note on Thursday, October 31st. Barclays lowered their price target on KLA from $800.00 to $750.00 and set an “equal weight” rating for the company in a report on Thursday, October 31st. Cantor Fitzgerald reiterated a “neutral” rating and set a $925.00 price objective on shares of KLA in a report on Tuesday, October 8th. Finally, Citigroup decreased their price objective on KLA from $960.00 to $900.00 and set a “buy” rating for the company in a report on Monday, September 16th. Seven 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.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $815.55.

KLA Stock Up 1.0 %

Shares of KLAC opened at $639.55 on Friday. The company has a market capitalization of $85.55 billion, a PE ratio of 29.20, a PEG ratio of 1.33 and a beta of 1.29. 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 stock’s 50-day moving average price is $710.36 and its two-hundred day moving average price is $760.62. KLA Co. has a 12 month low of $527.11 and a 12 month high of $896.32.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.03 by $0.30. The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.75 billion. KLA had a return on equity of 105.16% and a net margin of 28.92%. The firm’s revenue was up 18.5% compared to the same quarter last year. During the same period in the previous year, the business earned $5.74 EPS. On average, analysts anticipate that KLA Co. will post 30.91 EPS for the current year.

KLA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th will be paid a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 1.06%. This is an increase from KLA’s previous quarterly dividend of $1.45. The ex-dividend date is Monday, November 18th. KLA’s payout ratio is currently 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.