Huntington National Bank Sells 392 Shares of KLA Co. (NASDAQ:KLAC)

Huntington National Bank trimmed its holdings in KLA Co. (NASDAQ:KLAC) by 2.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,466 shares of the semiconductor company’s stock after selling 392 shares during the quarter. Huntington National Bank’s holdings in KLA were worth $15,075,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Capital Market Strategies LLC lifted its position in shares of KLA by 1.6% during the second quarter. Capital Market Strategies LLC now owns 808 shares of the semiconductor company’s stock worth $666,000 after purchasing an additional 13 shares in the last quarter. CVA Family Office LLC boosted its position in KLA by 3.7% in the 3rd quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company’s stock valued at $283,000 after buying an additional 13 shares during the last quarter. HBW Advisory Services LLC increased its stake in shares of KLA by 2.6% in the 2nd quarter. HBW Advisory Services LLC now owns 548 shares of the semiconductor company’s stock valued at $452,000 after buying an additional 14 shares during the period. TIAA Trust National Association raised its position 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 acquiring an additional 14 shares during the last quarter. Finally, AA Financial Advisors LLC lifted its stake 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 acquiring an additional 15 shares during the period. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Trading Up 0.1 %

KLAC opened at $645.00 on Friday. The firm’s fifty day simple moving average is $724.45 and its 200 day simple moving average is $764.10. The stock has a market capitalization of $86.28 billion, a P/E ratio of 29.45, a P/E/G ratio of 1.36 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. KLA Co. has a 12 month low of $527.11 and a 12 month high of $896.32.

KLA (NASDAQ:KLAC) last issued 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. The company had revenue of $2.84 billion for 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 company’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the previous year, the company posted $5.74 earnings per share. As a group, research analysts anticipate 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. Stockholders of record on Monday, November 18th will be paid a dividend of $1.70 per share. This is a boost from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Monday, November 18th. KLA’s dividend payout ratio (DPR) is currently 26.48%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on KLAC shares. Argus boosted their price objective on KLA from $800.00 to $875.00 and gave the stock a “buy” rating in a report on Friday, July 26th. StockNews.com raised shares of KLA from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Susquehanna reduced their price objective on shares of KLA from $680.00 to $675.00 and set a “neutral” rating on the stock in a research note on Friday, October 11th. TD Cowen dropped their target price on shares of KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. Finally, Citigroup reduced their price target on KLA from $960.00 to $900.00 and set a “buy” rating on the stock in a research report on Monday, September 16th. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $802.90.

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.