Harvest Fund Management Co. Ltd Has $7.03 Million Stock Position in KLA Co. (NASDAQ:KLAC)

Harvest Fund Management Co. Ltd boosted its stake in KLA Co. (NASDAQ:KLAC) by 16.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,085 shares of the semiconductor company’s stock after acquiring an additional 1,308 shares during the period. Harvest Fund Management Co. Ltd’s holdings in KLA were worth $7,031,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in KLAC. LRI Investments LLC acquired a new stake in shares of KLA during the first quarter worth $46,000. Caxton Associates LP grew its holdings in KLA by 3.7% during the 1st quarter. Caxton Associates LP now owns 2,853 shares of the semiconductor company’s stock worth $1,993,000 after acquiring an additional 103 shares during the period. Dynasty Wealth Management LLC bought a new position in shares of KLA in the 1st quarter worth about $1,555,000. California State Teachers Retirement System lifted its stake in shares of KLA by 0.6% in the 1st quarter. California State Teachers Retirement System now owns 223,090 shares of the semiconductor company’s stock valued at $155,844,000 after purchasing an additional 1,358 shares during the period. Finally, Tidal Investments LLC grew its stake in KLA by 9.2% during the first quarter. Tidal Investments LLC now owns 6,824 shares of the semiconductor company’s stock worth $4,766,000 after purchasing an additional 577 shares during the period. Institutional investors and hedge funds own 86.65% of the company’s stock.

Wall Street Analyst Weigh In

KLAC has been the topic of several recent analyst reports. Needham & Company LLC reissued a “hold” rating on shares of KLA in a research note on Thursday, October 31st. Susquehanna cut their target price on shares of KLA from $680.00 to $675.00 and set a “neutral” rating on the stock in a research note on Friday, October 11th. Citigroup decreased their price target 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. Cantor Fitzgerald reissued a “neutral” rating and set a $925.00 price objective on shares of KLA in a research report on Tuesday, October 8th. Finally, StockNews.com upgraded KLA from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Seven research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $815.55.

KLA Stock Up 1.0 %

Shares of NASDAQ:KLAC opened at $639.55 on Monday. The company has a market capitalization of $85.55 billion, a PE ratio of 29.20, a price-to-earnings-growth ratio of 1.35 and a beta of 1.29. KLA Co. has a 1 year low of $527.11 and a 1 year high of $896.32. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.13 and a quick ratio of 1.48. The business has a fifty day moving average price of $710.36 and a two-hundred day moving average price of $760.93.

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, topping analysts’ consensus estimates of $7.03 by $0.30. The business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.75 billion. KLA had a net margin of 28.92% and a return on equity of 105.16%. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter last year, the company posted $5.74 earnings per share. Analysts forecast 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 will be paid on Tuesday, December 3rd. Investors of record on Monday, November 18th will be paid a $1.70 dividend. This is an increase from KLA’s previous quarterly dividend of $1.45. The ex-dividend date is Monday, November 18th. This represents a $6.80 annualized dividend and a yield of 1.06%. KLA’s dividend payout ratio is presently 31.05%.

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.