Healthcare of Ontario Pension Plan Trust Fund Has $177.31 Million Stock Holdings in KLA Co. (NASDAQ:KLAC)

Healthcare of Ontario Pension Plan Trust Fund raised its stake in KLA Co. (NASDAQ:KLAC) by 130.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 228,962 shares of the semiconductor company’s stock after acquiring an additional 129,761 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.17% of KLA worth $177,310,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Capital Market Strategies LLC raised its holdings in KLA by 1.6% in the 2nd quarter. Capital Market Strategies LLC now owns 808 shares of the semiconductor company’s stock valued at $666,000 after acquiring an additional 13 shares in the last quarter. CVA Family Office LLC lifted its position in shares of KLA by 3.7% during the 3rd quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company’s stock worth $283,000 after buying an additional 13 shares during the last quarter. HBW Advisory Services LLC lifted its position in shares of KLA by 2.6% during the 2nd quarter. HBW Advisory Services LLC now owns 548 shares of the semiconductor company’s stock worth $452,000 after buying an additional 14 shares during the last quarter. TIAA Trust National Association lifted its position in shares of KLA by 0.4% during the 2nd quarter. TIAA Trust National Association now owns 3,249 shares of the semiconductor company’s stock worth $2,679,000 after buying an additional 14 shares during the last quarter. Finally, AA Financial Advisors LLC lifted 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 buying an additional 15 shares during the last quarter. 86.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on KLAC. TD Cowen dropped their price objective on KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. Susquehanna dropped their price objective on KLA from $680.00 to $675.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. UBS Group dropped their price objective on KLA from $900.00 to $765.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. StockNews.com upgraded KLA from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Finally, Citigroup dropped their target price on KLA from $960.00 to $900.00 and set a “buy” rating for the company in a research report on Monday, September 16th. Seven equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $815.55.

KLA Trading Down 2.0 %

Shares of KLAC stock opened at $631.47 on Wednesday. The stock has a market cap of $84.47 billion, a price-to-earnings ratio of 28.83, a PEG ratio of 1.36 and a beta of 1.29. The stock has a 50-day moving average of $706.36 and a 200-day moving average of $759.85. 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 1-year low of $527.11 and a 1-year high of $896.32.

KLA (NASDAQ:KLAC) last released its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, topping the consensus estimate of $7.03 by $0.30. KLA had a return on equity of 105.16% and a net margin of 28.92%. The business had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.75 billion. During the same quarter last year, the firm posted $5.74 earnings per share. The firm’s revenue was up 18.5% on a year-over-year basis. On average, equities research analysts forecast 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. Investors of record on Monday, November 18th will be paid a dividend of $1.70 per share. The ex-dividend date is Monday, November 18th. This represents a $6.80 annualized dividend and a yield of 1.08%. This is a boost from KLA’s previous quarterly dividend of $1.45. KLA’s dividend payout ratio (DPR) is currently 31.05%.

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.