Heritage Family Offices LLP Boosts Stock Position in KLA Co. (NASDAQ:KLAC)

Heritage Family Offices LLP increased its position in shares of KLA Co. (NASDAQ:KLAC) by 6.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,954 shares of the semiconductor company’s stock after acquiring an additional 172 shares during the period. KLA accounts for about 0.9% of Heritage Family Offices LLP’s holdings, making the stock its 26th largest position. Heritage Family Offices LLP’s holdings in KLA were worth $1,861,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp lifted its position in shares of KLA by 2.5% during the third quarter. State Street Corp now owns 5,979,293 shares of the semiconductor company’s stock worth $4,630,424,000 after purchasing an additional 145,317 shares in the last quarter. Mizuho Securities USA LLC grew its holdings 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 purchasing an additional 3,408,617 shares in the last quarter. Geode Capital Management LLC increased its stake in KLA by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 3,221,694 shares of the semiconductor company’s stock worth $2,487,971,000 after buying an additional 93,743 shares during the period. Van ECK Associates Corp lifted its holdings in 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 buying an additional 286,015 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in 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 buying an additional 21,412 shares during the period. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

KLA Trading Up 2.1 %

NASDAQ:KLAC opened at $716.25 on Thursday. 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 Co. has a 52-week low of $552.85 and a 52-week high of $896.32. The stock’s 50 day moving average price is $651.44 and its 200 day moving average price is $726.56. The company has a market capitalization of $95.81 billion, a PE ratio of 32.71, a P/E/G ratio of 1.47 and a beta of 1.27.

KLA (NASDAQ:KLAC) last announced its earnings results 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. KLA had a net margin of 28.92% and a return on equity of 105.16%. The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.75 billion. During the same period last year, the firm posted $5.74 earnings per share. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. On average, research analysts anticipate that KLA Co. will post 30.37 EPS for the current year.

KLA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th were issued a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.95%. This is a boost from KLA’s previous quarterly dividend of $1.45. The ex-dividend date of this dividend was Monday, November 18th. KLA’s dividend payout ratio is presently 31.05%.

Analyst Ratings Changes

A number of analysts have recently weighed in on KLAC shares. Barclays cut their price objective on KLA from $800.00 to $750.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 31st. TD Cowen reduced their price target on KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft decreased their price objective on KLA from $890.00 to $750.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Cantor Fitzgerald restated a “neutral” rating and set a $925.00 target price on shares of KLA in a research note on Tuesday, October 8th. Finally, Wells Fargo & Company decreased their price target on shares of KLA from $800.00 to $795.00 and set an “overweight” rating for the company in a research note on Monday. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, KLA has a consensus rating of “Moderate Buy” and an average target price of $809.10.

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.