Pacer Advisors Inc. Has $13.65 Million Stock Holdings in KLA Co. (NASDAQ:KLAC)

Pacer Advisors Inc. reduced its position in KLA Co. (NASDAQ:KLAC) by 9.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 21,657 shares of the semiconductor company’s stock after selling 2,160 shares during the period. Pacer Advisors Inc.’s holdings in KLA were worth $13,647,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of KLAC. State Street Corp lifted its position in shares of KLA by 2.5% in the third quarter. State Street Corp now owns 5,979,293 shares of the semiconductor company’s stock valued at $4,630,424,000 after buying an additional 145,317 shares during the last quarter. Mizuho Securities USA LLC lifted its holdings in KLA by 32,828.8% during the 3rd 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. Geode Capital Management LLC boosted its position in KLA by 3.0% during the third quarter. Geode Capital Management LLC now owns 3,221,694 shares of the semiconductor company’s stock worth $2,487,971,000 after purchasing an additional 93,743 shares during the period. Van ECK Associates Corp increased its holdings in shares of KLA by 25.7% in the third quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock valued at $1,083,684,000 after purchasing an additional 286,015 shares during the last quarter. Finally, Alkeon Capital Management LLC raised its position in shares of KLA by 5.5% in the third quarter. Alkeon Capital Management LLC now owns 945,835 shares of the semiconductor company’s stock valued at $732,464,000 after purchasing an additional 49,470 shares during the period. Institutional investors own 86.65% of the company’s stock.

KLA Price Performance

KLAC stock opened at $702.92 on Wednesday. The stock has a market cap of $94.02 billion, a price-to-earnings ratio of 32.10, a P/E/G ratio of 1.66 and a beta of 1.27. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.13 and a quick ratio of 1.48. The company has a 50 day simple moving average of $668.09 and a 200 day simple moving average of $719.63. KLA Co. has a 1 year low of $581.70 and a 1 year high of $896.32.

KLA (NASDAQ:KLAC) last announced its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, beating analysts’ consensus estimates of $7.03 by $0.30. KLA had a return on equity of 105.16% and a net margin of 28.92%. The company had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.75 billion. During the same period in the prior year, the company earned $5.74 EPS. KLA’s revenue was up 18.5% compared to the same quarter last year. Research analysts anticipate that KLA Co. will post 30.34 EPS for the current fiscal year.

KLA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th were paid a $1.70 dividend. The ex-dividend date was Monday, November 18th. This represents a $6.80 annualized dividend and a dividend yield of 0.97%. This is an increase from KLA’s previous quarterly dividend of $1.45. KLA’s dividend payout ratio is currently 31.05%.

Analysts Set New Price Targets

A number of research analysts recently commented on KLAC shares. Cantor Fitzgerald reiterated a “neutral” rating and issued a $925.00 price target on shares of KLA in a research note on Tuesday, October 8th. Susquehanna increased their target price on KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. StockNews.com downgraded KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Morgan Stanley lowered their price objective on KLA from $746.00 to $703.00 and set an “equal weight” rating on the stock in a research report on Thursday, December 5th. Finally, Barclays dropped their price objective on shares of KLA from $750.00 to $700.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $812.47.

KLA Company 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.