KLA Co. (NASDAQ:KLAC) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC decreased its holdings in KLA Co. (NASDAQ:KLAC) by 4.2% in the 3rd quarter, Holdings Channel reports. The firm owned 1,706,956 shares of the semiconductor company’s stock after selling 74,362 shares during the period. KLA accounts for about 0.7% of Janus Henderson Group PLC’s investment portfolio, making the stock its 19th biggest holding. Janus Henderson Group PLC’s holdings in KLA were worth $1,321,862,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Mizuho Securities USA LLC grew its holdings in shares of 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 valued at $2,647,708,000 after purchasing an additional 3,408,617 shares during the last quarter. International Assets Investment Management LLC raised its position in KLA by 76,452.4% in the third quarter. International Assets Investment Management LLC now owns 302,382 shares of the semiconductor company’s stock worth $234,168,000 after purchasing an additional 301,987 shares in the last quarter. Van ECK Associates Corp increased its position in KLA by 25.7% in the 3rd quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock valued at $1,083,684,000 after acquiring an additional 286,015 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of KLA by 6,188.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 239,404 shares of the semiconductor company’s stock valued at $185,397,000 after acquiring an additional 235,597 shares during the last quarter. Finally, 1832 Asset Management L.P. grew its holdings in shares of KLA by 2,205.8% during the second quarter. 1832 Asset Management L.P. now owns 201,592 shares of the semiconductor company’s stock worth $166,215,000 after buying an additional 192,849 shares in the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Trading Up 2.9 %

Shares of KLAC opened at $666.03 on Tuesday. KLA Co. has a fifty-two week low of $527.11 and a fifty-two week high of $896.32. The business has a 50-day moving average of $697.43 and a 200 day moving average of $757.21. 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 firm has a market cap of $89.09 billion, a P/E ratio of 30.41, a price-to-earnings-growth ratio of 1.36 and a beta of 1.28.

KLA (NASDAQ:KLAC) last released its quarterly 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 firm had revenue of $2.84 billion during 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 business’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 firm earned $5.74 EPS. As a group, research 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 issued a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Monday, November 18th. This is a boost from KLA’s previous quarterly dividend of $1.45. KLA’s payout ratio is 31.05%.

Wall Street Analysts Forecast Growth

KLAC has been the topic of several recent research reports. TD Cowen cut their target price on KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. Oppenheimer upgraded shares of KLA from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $750.00 to $850.00 in a report on Thursday, October 31st. StockNews.com downgraded KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Citigroup dropped their price objective on KLA from $960.00 to $900.00 and set a “buy” rating on the stock in a report on Monday, September 16th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of KLA in a research report on Thursday, October 31st. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, KLA has an average rating of “Moderate Buy” and a consensus price target of $815.55.

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.