Janus Henderson Group PLC Has $1.32 Billion Stock Holdings in KLA Co. (NASDAQ:KLAC)

Janus Henderson Group PLC trimmed its stake in KLA Co. (NASDAQ:KLAC) by 4.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,706,956 shares of the semiconductor company’s stock after selling 74,362 shares during the period. KLA accounts for about 0.7% of Janus Henderson Group PLC’s investment portfolio, making the stock its 19th biggest holding. Janus Henderson Group PLC owned about 1.28% of KLA worth $1,321,862,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Massmutual Trust Co. FSB ADV grew its stake in KLA by 11.4% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 477 shares of the semiconductor company’s stock valued at $393,000 after acquiring an additional 49 shares during the period. Olistico Wealth LLC acquired a new position in shares of KLA during the 2nd quarter worth $53,000. Kingswood Wealth Advisors LLC grew its position in shares of KLA by 15.8% in the second quarter. Kingswood Wealth Advisors LLC now owns 463 shares of the semiconductor company’s stock valued at $382,000 after purchasing an additional 63 shares during the period. Park Avenue Securities LLC lifted its holdings in shares of KLA by 6.9% during the 2nd quarter. Park Avenue Securities LLC now owns 6,851 shares of the semiconductor company’s stock valued at $5,649,000 after acquiring an additional 442 shares in the last quarter. Finally, CWM LLC increased its stake in shares of KLA by 9.8% in the second quarter. CWM LLC now owns 2,971 shares of the semiconductor company’s stock worth $2,450,000 after buying an additional 266 shares during the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Stock Performance

KLAC opened at $666.03 on Tuesday. The firm has a market cap of $89.09 billion, a PE ratio of 30.41, a P/E/G ratio of 1.36 and a beta of 1.28. 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 fifty-two week low of $527.11 and a fifty-two week high of $896.32. The business has a fifty day simple moving average of $697.43 and a 200-day simple moving average of $757.21.

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, beating analysts’ consensus estimates of $7.03 by $0.30. The company 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 firm’s revenue was up 18.5% compared to the same quarter last year. During the same period last year, the company earned $5.74 earnings per share. As a group, equities analysts predict that KLA Co. will post 30.91 EPS for the current fiscal year.

KLA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th will be issued a dividend of $1.70 per share. This is an increase from KLA’s previous quarterly dividend of $1.45. The ex-dividend date of this dividend is Monday, November 18th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 1.02%. KLA’s dividend payout ratio is 31.05%.

Wall Street Analysts Forecast Growth

KLAC has been the topic of several recent analyst reports. Wells Fargo & Company cut 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. Oppenheimer upgraded KLA from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $750.00 to $850.00 in a report on Thursday, October 31st. TD Cowen decreased their price target on shares of KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a research note on Thursday, October 31st. Barclays cut their price target on shares of KLA from $800.00 to $750.00 and set an “equal weight” rating on the stock in a report on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on KLA from $890.00 to $750.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Eight analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $815.55.

About KLA

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.