Metis Global Partners LLC Has $4.35 Million Holdings in KLA Co. (NASDAQ:KLAC)

Metis Global Partners LLC raised its position in KLA Co. (NASDAQ:KLAC) by 3.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 5,614 shares of the semiconductor company’s stock after purchasing an additional 200 shares during the period. Metis Global Partners LLC’s holdings in KLA were worth $4,348,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Capital Market Strategies LLC lifted its stake in KLA by 1.6% in the second quarter. Capital Market Strategies LLC now owns 808 shares of the semiconductor company’s stock valued at $666,000 after buying an additional 13 shares during the period. CVA Family Office LLC boosted its stake in KLA by 3.7% during the third quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company’s stock worth $283,000 after acquiring an additional 13 shares in the last quarter. HBW Advisory Services LLC increased its stake in KLA by 2.6% in the second quarter. HBW Advisory Services LLC now owns 548 shares of the semiconductor company’s stock valued at $452,000 after purchasing an additional 14 shares in the last quarter. TIAA Trust National Association raised its holdings 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 valued at $2,679,000 after purchasing an additional 14 shares during the period. Finally, AA Financial Advisors LLC boosted its position in shares of KLA by 2.7% during the 2nd quarter. AA Financial Advisors LLC now owns 567 shares of the semiconductor company’s stock worth $467,000 after purchasing an additional 15 shares in the last quarter. 86.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

KLAC has been the topic of a number of research reports. TD Cowen dropped their price target on KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a research note on Thursday, October 31st. StockNews.com upgraded KLA from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Needham & Company LLC restated a “hold” rating on shares of KLA in a report on Thursday, October 31st. Evercore ISI lifted their price objective on shares of KLA from $800.00 to $900.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Finally, Susquehanna lowered their target price on shares of KLA from $680.00 to $675.00 and set a “neutral” rating on the stock in a report on Friday, October 11th. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $802.90.

KLA Trading Up 0.1 %

Shares of KLAC stock opened at $645.00 on Friday. The company has a quick ratio of 1.48, a current ratio of 2.13 and a debt-to-equity ratio of 1.65. The firm has a market cap of $86.28 billion, a P/E ratio of 29.45, a PEG ratio of 1.36 and a beta of 1.29. The company has a 50 day moving average of $724.45 and a 200-day moving average of $764.10. KLA Co. has a 12-month low of $527.11 and a 12-month high of $896.32.

KLA (NASDAQ:KLAC) last issued its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.03 by $0.30. The firm 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 business’s revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the company posted $5.74 earnings per share. Sell-side analysts anticipate that KLA Co. will post 30.91 earnings per share for the current year.

KLA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th will be paid a $1.70 dividend. This is an increase from KLA’s previous quarterly dividend of $1.45. The ex-dividend date is Monday, November 18th. This represents a $6.80 annualized dividend and a dividend yield of 1.05%. KLA’s dividend payout ratio (DPR) is presently 26.48%.

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.