6,069 Shares in KLA Co. (NASDAQ:KLAC) Bought by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas acquired a new position in shares of KLA Co. (NASDAQ:KLAC) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 6,069 shares of the semiconductor company’s stock, valued at approximately $4,700,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Tidal Investments LLC grew its stake in KLA by 317.6% during the 3rd quarter. Tidal Investments LLC now owns 37,111 shares of the semiconductor company’s stock worth $28,739,000 after buying an additional 28,224 shares during the last quarter. Optimist Retirement Group LLC grew its stake in KLA by 1.6% during the 3rd quarter. Optimist Retirement Group LLC now owns 3,017 shares of the semiconductor company’s stock worth $2,337,000 after buying an additional 47 shares during the last quarter. World Investment Advisors LLC bought a new position in shares of KLA in the third quarter worth $310,000. Sanctuary Advisors LLC grew its stake in shares of KLA by 2.4% in the third quarter. Sanctuary Advisors LLC now owns 21,861 shares of the semiconductor company’s stock worth $16,929,000 after purchasing an additional 507 shares in the last quarter. Finally, Anchor Investment Management LLC grew its stake in shares of KLA by 43.7% in the third quarter. Anchor Investment Management LLC now owns 125 shares of the semiconductor company’s stock worth $97,000 after purchasing an additional 38 shares in the last quarter. 86.65% of the stock is currently owned by institutional investors.

KLA Stock Up 0.1 %

Shares of KLAC stock opened at $647.00 on Friday. KLA Co. has a 12 month low of $542.41 and a 12 month high of $896.32. The firm has a market cap of $86.54 billion, a PE ratio of 29.53, a price-to-earnings-growth ratio of 1.38 and a beta of 1.27. The stock has a 50 day moving average of $680.06 and a 200-day moving average of $751.66. The company has a quick ratio of 1.48, a current ratio of 2.13 and a debt-to-equity ratio of 1.65.

KLA (NASDAQ:KLAC) last issued its 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 business had revenue of $2.84 billion during 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%. KLA’s revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the company posted $5.74 earnings per share. On average, equities analysts predict that KLA Co. will post 30.61 EPS for the current year.

KLA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th were paid a $1.70 dividend. This represents a $6.80 annualized dividend and a dividend yield of 1.05%. The ex-dividend date was Monday, November 18th. This is an increase from KLA’s previous quarterly dividend of $1.45. KLA’s payout ratio is currently 31.05%.

Wall Street Analysts Forecast Growth

KLAC has been the subject of several recent analyst reports. Morgan Stanley decreased their price target on KLA from $746.00 to $703.00 and set an “equal weight” rating for the company in a research note on Thursday, December 5th. Susquehanna decreased their price target on KLA from $680.00 to $675.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. Barclays decreased their price target on KLA from $800.00 to $750.00 and set an “equal weight” rating for the company in a research note on Thursday, October 31st. Wells Fargo & Company decreased their target price on KLA from $870.00 to $800.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. Finally, StockNews.com cut KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, KLA has an average rating of “Moderate Buy” and a consensus price target of $812.30.

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.