KLA Co. (NASDAQ:KLAC) Shares Bought by Edgestream Partners L.P.

Edgestream Partners L.P. increased its holdings in KLA Co. (NASDAQ:KLAC) by 0.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 8,331 shares of the semiconductor company’s stock after acquiring an additional 18 shares during the quarter. Edgestream Partners L.P.’s holdings in KLA were worth $6,452,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Swedbank AB grew its position in shares of KLA by 0.4% during the third quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock worth $426,660,000 after buying an additional 2,019 shares in the last quarter. Community Financial Services Group LLC boosted its stake in KLA by 538.5% during the 3rd quarter. Community Financial Services Group LLC now owns 7,445 shares of the semiconductor company’s stock valued at $5,765,000 after acquiring an additional 6,279 shares during the last quarter. Eastern Bank grew its holdings in KLA by 655.8% during the 3rd quarter. Eastern Bank now owns 27,368 shares of the semiconductor company’s stock worth $21,194,000 after acquiring an additional 23,747 shares in the last quarter. ING Groep NV increased its position in shares of KLA by 52.4% in the 3rd quarter. ING Groep NV now owns 79,763 shares of the semiconductor company’s stock worth $61,769,000 after purchasing an additional 27,436 shares during the last quarter. Finally, Generate Investment Management Ltd raised its stake in shares of KLA by 39.0% in the 3rd quarter. Generate Investment Management Ltd now owns 5,882 shares of the semiconductor company’s stock valued at $4,555,000 after purchasing an additional 1,651 shares in the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Trading Up 2.4 %

NASDAQ:KLAC opened at $647.03 on Friday. KLA Co. has a 1 year low of $527.11 and a 1 year high of $896.32. The business has a fifty day moving average of $699.34 and a 200-day moving average of $757.61. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.48 and a current ratio of 2.13. The stock has a market cap of $86.55 billion, a price-to-earnings ratio of 29.54, a PEG ratio of 1.33 and a beta of 1.29.

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 the consensus estimate 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 during the quarter, compared to analysts’ expectations of $2.75 billion. During the same period last year, the firm posted $5.74 earnings per share. The business’s revenue was up 18.5% on a year-over-year basis. Equities analysts predict that KLA Co. will post 30.91 earnings per share for the current year.

KLA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th will be issued a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 1.05%. This is an increase from KLA’s previous quarterly dividend of $1.45. The ex-dividend date of this dividend is Monday, November 18th. KLA’s dividend payout ratio is presently 31.05%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on KLAC. Needham & Company LLC reiterated a “hold” rating on shares of KLA in a research note on Thursday, October 31st. UBS Group decreased their target price on KLA from $900.00 to $765.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Oppenheimer raised KLA from a “market perform” rating to an “outperform” rating and upped their price target for the company from $750.00 to $850.00 in a research report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of KLA from $890.00 to $750.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $925.00 price objective on shares of KLA in a research report on Tuesday, October 8th. 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 presently has an average rating of “Moderate Buy” and a consensus target price of $815.55.

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.