KLA Co. (NASDAQ:KLAC) Stake Raised by Harbour Investments Inc.

Harbour Investments Inc. raised its stake in KLA Co. (NASDAQ:KLAC) by 6.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 386 shares of the semiconductor company’s stock after buying an additional 23 shares during the quarter. Harbour Investments Inc.’s holdings in KLA were worth $299,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of KLAC. Massachusetts Financial Services Co. MA raised its holdings in shares of KLA by 1.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,811,766 shares of the semiconductor company’s stock valued at $2,318,329,000 after purchasing an additional 28,172 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of KLA by 2.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,618,709 shares of the semiconductor company’s stock worth $1,829,352,000 after buying an additional 71,289 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of KLA by 25.7% during the 3rd quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock worth $1,083,684,000 after acquiring an additional 286,015 shares in the last quarter. Legal & General Group Plc raised its stake in shares of KLA by 1.9% in the 2nd quarter. Legal & General Group Plc now owns 1,163,958 shares of the semiconductor company’s stock valued at $959,695,000 after acquiring an additional 21,412 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in KLA by 8.8% during the second quarter. Dimensional Fund Advisors LP now owns 691,039 shares of the semiconductor company’s stock worth $569,758,000 after purchasing an additional 56,109 shares during the period. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

KLA Stock Down 4.7 %

Shares of NASDAQ KLAC opened at $614.46 on Monday. The business has a fifty day moving average of $721.02 and a two-hundred day moving average of $763.10. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.48 and a current ratio of 2.13. KLA Co. has a 52-week low of $527.11 and a 52-week high of $896.32. The stock has a market cap of $82.19 billion, a PE ratio of 28.06, a PEG ratio of 1.29 and a beta of 1.29.

KLA (NASDAQ:KLAC) last announced its quarterly 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 during 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 firm’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period last year, the firm posted $5.74 EPS. As a group, equities research analysts expect that KLA Co. will post 30.91 earnings per share for the current fiscal year.

KLA Increases Dividend

The firm 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 dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 1.11%. This is a boost from KLA’s previous quarterly dividend of $1.45. The ex-dividend date is Monday, November 18th. KLA’s dividend payout ratio (DPR) is currently 26.48%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on KLAC. Wells Fargo & Company lowered their target price on shares of KLA from $950.00 to $870.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft decreased their target price on KLA from $890.00 to $750.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Oppenheimer upgraded KLA from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $750.00 to $850.00 in a report on Thursday, October 31st. Barclays lowered their price objective on shares of KLA from $800.00 to $750.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group increased their price target on shares of KLA from $735.00 to $838.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Eight 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.com, the stock has an average rating of “Moderate Buy” and an average price target of $802.90.

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.