Capital Performance Advisors LLP Buys Shares of 49 KLA Co. (NASDAQ:KLAC)

Capital Performance Advisors LLP purchased a new position in KLA Co. (NASDAQ:KLAC) in the third quarter, HoldingsChannel reports. The fund purchased 49 shares of the semiconductor company’s stock, valued at approximately $38,000.

Several other institutional investors have also recently added to or reduced their stakes in KLAC. Vanguard Group Inc. increased its position in shares of KLA by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 13,112,261 shares of the semiconductor company’s stock worth $9,159,832,000 after purchasing an additional 76,226 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in KLA by 1.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,811,766 shares of the semiconductor company’s stock valued at $2,318,329,000 after buying an additional 28,172 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in KLA by 2.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,618,709 shares of the semiconductor company’s stock valued at $1,829,352,000 after buying an additional 71,289 shares in the last quarter. Van ECK Associates Corp lifted its holdings in KLA by 25.7% during the 3rd 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 last quarter. Finally, Legal & General Group Plc grew its position in shares of KLA by 1.9% in the 2nd quarter. Legal & General Group Plc now owns 1,163,958 shares of the semiconductor company’s stock worth $959,695,000 after acquiring an additional 21,412 shares in the last quarter. 86.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KLAC has been the topic of several research reports. Cantor Fitzgerald reissued a “neutral” rating and set a $925.00 price target on shares of KLA in a research report on Tuesday, October 8th. Barclays reduced their price target on shares of KLA from $800.00 to $750.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 31st. Citigroup dropped their price objective on shares of KLA from $960.00 to $900.00 and set a “buy” rating on the stock in a research note on Monday, September 16th. TD Cowen decreased their target price on KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group increased their price target on KLA from $735.00 to $838.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Eight analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, KLA has an average rating of “Moderate Buy” and an average price target of $802.90.

KLA Trading Up 0.2 %

KLA stock opened at $687.41 on Monday. KLA Co. has a 12-month low of $505.50 and a 12-month high of $896.32. The stock has a market capitalization of $91.95 billion, a PE ratio of 31.39, a price-to-earnings-growth ratio of 1.45 and a beta of 1.29. The firm has a 50 day simple moving average of $731.06 and a 200-day simple moving average of $764.53. 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) last issued its quarterly earnings results 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 firm had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.75 billion. KLA had a return on equity of 105.16% and a net margin of 28.92%. The firm’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period last year, the company posted $5.74 EPS. As a group, equities research analysts expect that KLA Co. will post 30.91 EPS for the current fiscal year.

KLA Increases Dividend

The firm 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 $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 0.99%. This is an increase from KLA’s previous quarterly dividend of $1.45. The ex-dividend date is Monday, November 18th. KLA’s dividend payout ratio is presently 26.48%.

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.