KLA Co. (NASDAQ:KLAC) Shares Bought by Eagle Rock Investment Company LLC

Eagle Rock Investment Company LLC lifted its position in shares of KLA Co. (NASDAQ:KLAC) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,884 shares of the semiconductor company’s stock after purchasing an additional 536 shares during the period. KLA comprises 1.3% of Eagle Rock Investment Company LLC’s portfolio, making the stock its 19th largest position. Eagle Rock Investment Company LLC’s holdings in KLA were worth $8,118,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in KLAC. CVA Family Office LLC raised its holdings in KLA by 3.7% in the third quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company’s stock valued at $283,000 after acquiring an additional 13 shares in the last quarter. Marcum Wealth LLC grew its stake in KLA by 4.1% in the third quarter. Marcum Wealth LLC now owns 384 shares of the semiconductor company’s stock worth $297,000 after purchasing an additional 15 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in KLA by 1.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,433 shares of the semiconductor company’s stock worth $1,110,000 after buying an additional 16 shares during the last quarter. Ascent Wealth Partners LLC grew its position in shares of KLA by 0.4% in the 3rd quarter. Ascent Wealth Partners LLC now owns 4,466 shares of the semiconductor company’s stock worth $3,459,000 after acquiring an additional 16 shares in the last quarter. Finally, Citizens Financial Group Inc. RI increased its holdings in shares of KLA by 2.8% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 582 shares of the semiconductor company’s stock valued at $451,000 after acquiring an additional 16 shares during the last quarter. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

KLA Stock Up 4.3 %

KLAC opened at $747.26 on Friday. 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 market capitalization of $99.95 billion, a PE ratio of 34.12, a price-to-earnings-growth ratio of 1.47 and a beta of 1.27. KLA Co. has a fifty-two week low of $552.85 and a fifty-two week high of $896.32. The business has a 50-day moving average of $652.37 and a 200-day moving average of $726.49.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share for the quarter, topping analysts’ consensus estimates of $7.03 by $0.30. The business had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.75 billion. KLA had a net margin of 28.92% and a return on equity of 105.16%. KLA’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period in the previous year, the company earned $5.74 earnings per share. Equities research analysts forecast that KLA Co. will post 30.37 EPS 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 issued a $1.70 dividend. This is a boost from KLA’s previous quarterly dividend of $1.45. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.80 annualized dividend and a yield of 0.91%. KLA’s dividend payout ratio is 31.05%.

Analyst Ratings Changes

Several analysts have weighed in on KLAC shares. StockNews.com lowered shares of KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Morgan Stanley lowered their target price on KLA from $746.00 to $703.00 and set an “equal weight” rating for the company in a report on Thursday, December 5th. Oppenheimer upgraded KLA from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $750.00 to $850.00 in a research note on Thursday, October 31st. Cantor Fitzgerald reiterated a “neutral” rating and issued a $925.00 target price on shares of KLA in a research note on Tuesday, October 8th. Finally, Barclays cut their price objective 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. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $809.10.

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.