Quantinno Capital Management LP Purchases 3,840 Shares of KLA Co. (NASDAQ:KLAC)

Quantinno Capital Management LP grew its position in KLA Co. (NASDAQ:KLAC) by 46.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,097 shares of the semiconductor company’s stock after purchasing an additional 3,840 shares during the quarter. Quantinno Capital Management LP’s holdings in KLA were worth $9,369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of KLAC. Swedbank AB boosted 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 acquiring an additional 2,019 shares during the last quarter. Community Financial Services Group LLC boosted its position in shares of KLA by 538.5% during the third quarter. Community Financial Services Group LLC now owns 7,445 shares of the semiconductor company’s stock worth $5,765,000 after acquiring an additional 6,279 shares during the last quarter. Eastern Bank boosted its position in shares of KLA by 655.8% during the third 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 during the last quarter. ING Groep NV boosted its position in shares of KLA by 52.4% during the third quarter. ING Groep NV now owns 79,763 shares of the semiconductor company’s stock worth $61,769,000 after acquiring an additional 27,436 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in shares of KLA by 14.1% during the third quarter. Daiwa Securities Group Inc. now owns 33,215 shares of the semiconductor company’s stock worth $25,722,000 after acquiring an additional 4,112 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

KLAC has been the subject of several research reports. StockNews.com lowered shares of KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Citigroup lowered their price objective on shares of KLA from $960.00 to $900.00 and set a “buy” rating for the company in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of KLA from $890.00 to $750.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Cantor Fitzgerald reiterated a “neutral” rating and set a $925.00 price objective on shares of KLA in a research report on Tuesday, October 8th. Finally, Wells Fargo & Company lowered their price objective on shares of KLA from $950.00 to $870.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $815.80.

KLA Trading Down 3.5 %

Shares of KLAC stock opened at $642.61 on Friday. The company’s 50-day moving average price is $689.99 and its 200-day moving average price is $755.21. 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 stock has a market cap of $85.96 billion, a price-to-earnings ratio of 29.34, a PEG ratio of 1.40 and a beta of 1.27. KLA Co. has a twelve month low of $527.44 and a twelve month high of $896.32.

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

KLA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th were issued a $1.70 dividend. This is an increase from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend was Monday, November 18th. KLA’s dividend payout ratio is presently 31.05%.

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.