Graypoint LLC Acquires 20 Shares of KLA Co. (NASDAQ:KLAC)

Graypoint LLC increased its stake in KLA Co. (NASDAQ:KLAC) by 0.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,757 shares of the semiconductor company’s stock after acquiring an additional 20 shares during the quarter. Graypoint LLC’s holdings in KLA were worth $2,135,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of KLAC. Vanguard Group Inc. raised its holdings in KLA by 0.6% during the first quarter. Vanguard Group Inc. now owns 13,112,261 shares of the semiconductor company’s stock worth $9,159,832,000 after buying an additional 76,226 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of KLA by 1.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,811,766 shares of the semiconductor company’s stock worth $2,318,329,000 after acquiring an additional 28,172 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in KLA by 2.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,618,709 shares of the semiconductor company’s stock valued at $1,829,352,000 after acquiring an additional 71,289 shares in the last quarter. Van ECK Associates Corp boosted its stake 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 valued at $1,083,684,000 after purchasing an additional 286,015 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in KLA by 1.9% during the 2nd quarter. Legal & General Group Plc now owns 1,163,958 shares of the semiconductor company’s stock worth $959,695,000 after purchasing an additional 21,412 shares in the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Stock Up 2.5 %

KLAC opened at $686.15 on Friday. KLA Co. has a 12 month low of $504.66 and a 12 month high of $896.32. The company has a market cap of $91.78 billion, a PE ratio of 31.33, a price-to-earnings-growth ratio of 1.40 and a beta of 1.29. The company has a current ratio of 2.13, a quick ratio of 1.48 and a debt-to-equity ratio of 1.65. The company has a 50 day moving average of $735.90 and a 200 day moving average of $763.89.

KLA (NASDAQ:KLAC) last posted its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, topping analysts’ consensus estimates of $7.03 by $0.30. KLA had a return on equity of 105.16% and a net margin of 28.92%. The firm had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.75 billion. During the same period last year, the company earned $5.74 earnings per share. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. On average, sell-side analysts expect that KLA Co. will post 30.91 EPS for the current year.

KLA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th will be given a dividend of $1.70 per share. This is a boost from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 annualized dividend and a dividend yield of 0.99%. KLA’s dividend payout ratio is currently 26.48%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on KLAC shares. Argus lifted their target price on KLA from $800.00 to $875.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Citigroup reduced their target price on shares of KLA from $960.00 to $900.00 and set a “buy” rating for the company in a research note on Monday, September 16th. Barclays dropped their price target on shares of KLA from $800.00 to $750.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 31st. Susquehanna reduced their price objective on shares of KLA from $680.00 to $675.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. Finally, The Goldman Sachs Group lifted their target price on shares of KLA from $735.00 to $838.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, KLA has a consensus rating of “Moderate Buy” and a consensus price target of $802.90.

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.