562 Shares in KLA Co. (NASDAQ:KLAC) Bought by Nwam LLC

Nwam LLC acquired a new stake in KLA Co. (NASDAQ:KLAC) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 562 shares of the semiconductor company’s stock, valued at approximately $435,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mizuho Securities USA LLC boosted its position in shares of KLA by 32,828.8% in the third quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock valued at $2,647,708,000 after acquiring an additional 3,408,617 shares during the period. Swedbank AB bought a new stake in shares of KLA in the first quarter valued at about $379,678,000. International Assets Investment Management LLC boosted its position in shares of KLA by 76,452.4% in the third quarter. International Assets Investment Management LLC now owns 302,382 shares of the semiconductor company’s stock valued at $234,168,000 after acquiring an additional 301,987 shares during the period. Van ECK Associates Corp boosted its position 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 acquiring an additional 286,015 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in shares of KLA by 6,188.5% in the third quarter. Assenagon Asset Management S.A. now owns 239,404 shares of the semiconductor company’s stock valued at $185,397,000 after acquiring an additional 235,597 shares during the period. 86.65% of the stock is currently owned by institutional investors and hedge funds.

KLA Price Performance

KLAC opened at $639.55 on Monday. 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 $85.55 billion, a price-to-earnings ratio of 29.20, a P/E/G ratio of 1.33 and a beta of 1.29. The firm’s fifty day moving average price is $710.36 and its two-hundred day moving average price is $760.93. KLA Co. has a 1 year low of $527.11 and a 1 year high of $896.32.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.03 by $0.30. The firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.75 billion. KLA had a net margin of 28.92% and a return on equity of 105.16%. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.74 EPS. As a group, analysts anticipate that KLA Co. will post 30.91 earnings per share for the current fiscal year.

KLA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Monday, November 18th will be issued a $1.70 dividend. This is an increase from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Monday, November 18th. KLA’s payout ratio is 31.05%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. StockNews.com raised shares of KLA from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Susquehanna cut their price objective on shares of KLA from $680.00 to $675.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. Barclays cut their price objective on shares of KLA from $800.00 to $750.00 and set an “equal weight” rating for the company in a research report on Thursday, October 31st. Needham & Company LLC reaffirmed a “hold” rating on shares of KLA in a research report on Thursday, October 31st. Finally, 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 report on Thursday, October 31st. Seven research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $815.55.

KLA 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.