KLA Co. (NASDAQ:KLAC) Shares Acquired by Heritage Family Offices LLP

Heritage Family Offices LLP lifted its position in shares of KLA Co. (NASDAQ:KLAC) by 6.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,954 shares of the semiconductor company’s stock after acquiring an additional 172 shares during the quarter. KLA accounts for approximately 0.9% of Heritage Family Offices LLP’s investment portfolio, making the stock its 26th biggest holding. Heritage Family Offices LLP’s holdings in KLA were worth $1,861,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of KLAC. State Street Corp increased its holdings in KLA by 2.5% in the 3rd quarter. State Street Corp now owns 5,979,293 shares of the semiconductor company’s stock worth $4,630,424,000 after acquiring an additional 145,317 shares in the last quarter. Mizuho Securities USA LLC grew its position 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 during the period. Geode Capital Management LLC increased its stake in shares of KLA by 3.0% during the third quarter. Geode Capital Management LLC now owns 3,221,694 shares of the semiconductor company’s stock worth $2,487,971,000 after purchasing an additional 93,743 shares in the last quarter. Van ECK Associates Corp raised its position in shares of 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 purchasing an additional 286,015 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake 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 in the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Price Performance

NASDAQ:KLAC opened at $716.25 on Thursday. KLA Co. has a 52 week low of $552.85 and a 52 week high of $896.32. The stock’s fifty day moving average is $651.44 and its two-hundred day moving average is $726.56. The company has a market capitalization of $95.81 billion, a P/E ratio of 32.71, a P/E/G ratio of 1.47 and a beta of 1.27. 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 (NASDAQ:KLAC) last issued 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 firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.75 billion. KLA’s revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the firm earned $5.74 EPS. Equities analysts expect that KLA Co. will post 30.37 EPS for the current year.

KLA Increases Dividend

The business 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 a positive change from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Monday, November 18th. KLA’s dividend payout ratio is currently 31.05%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on KLAC shares. StockNews.com cut KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Barclays dropped their price target on KLA from $800.00 to $750.00 and set an “equal weight” rating for the company in a research report on Thursday, October 31st. TD Cowen decreased their price objective on KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft dropped their target price 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, Wells Fargo & Company decreased their price target on shares of KLA from $800.00 to $795.00 and set an “overweight” rating on the stock in a research note on Monday. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $809.10.

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.