KLA Co. (NASDAQ:KLAC) Shares Bought by Apollon Wealth Management LLC

Apollon Wealth Management LLC increased its stake in KLA Co. (NASDAQ:KLAC) by 3.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,307 shares of the semiconductor company’s stock after acquiring an additional 155 shares during the quarter. Apollon Wealth Management LLC’s holdings in KLA were worth $3,335,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Versor Investments LP acquired a new position in KLA in the 3rd quarter valued at approximately $1,008,000. Jaffetilchin Investment Partners LLC purchased a new stake in shares of KLA during the third quarter worth $614,000. Chartwell Investment Partners LLC boosted its position in KLA by 15.2% during the third quarter. Chartwell Investment Partners LLC now owns 22,692 shares of the semiconductor company’s stock valued at $17,573,000 after purchasing an additional 2,996 shares during the last quarter. River Global Investors LLP grew its stake in KLA by 497.7% in the third quarter. River Global Investors LLP now owns 23,692 shares of the semiconductor company’s stock valued at $18,340,000 after purchasing an additional 19,728 shares in the last quarter. Finally, Baker Avenue Asset Management LP increased its position in KLA by 9.3% in the 3rd quarter. Baker Avenue Asset Management LP now owns 670 shares of the semiconductor company’s stock worth $519,000 after purchasing an additional 57 shares during the last quarter. 86.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KLAC has been the topic of several recent research reports. Barclays cut their price objective 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 lowered their target price on shares of KLA from $680.00 to $675.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. Needham & Company LLC reaffirmed a “hold” rating on shares of KLA in a research report on Thursday, October 31st. Stifel Nicolaus increased their price objective on KLA from $760.00 to $875.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Finally, UBS Group reduced their target price on KLA from $900.00 to $765.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $802.90.

KLA Price Performance

Shares of KLAC stock opened at $664.78 on Wednesday. KLA Co. has a 12 month low of $524.03 and a 12 month high of $896.32. The company has a market capitalization of $88.92 billion, a P/E ratio of 30.41, a P/E/G ratio of 1.45 and a beta of 1.29. The stock has a 50 day moving average of $728.00 and a two-hundred day moving average of $765.24. The company has a current ratio of 2.13, a quick ratio of 1.48 and a debt-to-equity ratio of 1.65.

KLA (NASDAQ:KLAC) last issued its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $2.75 billion. During the same period last year, the business earned $5.74 earnings per share. KLA’s quarterly revenue was up 18.5% compared to the same quarter last year. As a group, equities analysts expect that KLA Co. will post 30.91 EPS for the current year.

KLA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Monday, November 18th will be given a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 1.02%. The ex-dividend date is Monday, November 18th. This is a positive change from KLA’s previous quarterly dividend of $1.45. KLA’s dividend payout ratio is 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.