Healthcare of Ontario Pension Plan Trust Fund Purchases 129,761 Shares of KLA Co. (NASDAQ:KLAC)

Healthcare of Ontario Pension Plan Trust Fund boosted its position in KLA Co. (NASDAQ:KLAC) by 130.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 228,962 shares of the semiconductor company’s stock after acquiring an additional 129,761 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in KLA were worth $177,310,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Family Firm Inc. bought a new position in KLA in the second quarter worth approximately $30,000. Capital Performance Advisors LLP bought a new position in KLA in the third quarter worth approximately $38,000. 1620 Investment Advisors Inc. bought a new position in shares of KLA in the second quarter valued at approximately $44,000. LRI Investments LLC bought a new position in shares of KLA in the first quarter valued at approximately $45,000. Finally, Olistico Wealth LLC bought a new position in shares of KLA in the second quarter valued at approximately $53,000. Institutional investors own 86.65% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. TD Cowen dropped their target price on KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. Barclays dropped their target price on KLA from $800.00 to $750.00 and set an “equal weight” rating on the stock in a report on Thursday, October 31st. Needham & Company LLC restated a “hold” rating on shares of KLA in a report on Thursday, October 31st. Cantor Fitzgerald restated a “neutral” rating and issued a $925.00 target price on shares of KLA in a report on Tuesday, October 8th. Finally, Susquehanna dropped their price target on KLA from $680.00 to $675.00 and set a “neutral” rating on the stock in a report on Friday, October 11th. Seven research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, KLA currently has an average rating of “Moderate Buy” and an average price target of $815.55.

KLA Stock Performance

NASDAQ:KLAC opened at $631.47 on Wednesday. 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 simple moving average of $706.36 and a two-hundred day simple moving average of $759.85. KLA Co. has a 1 year low of $527.11 and a 1 year high of $896.32. The company has a market capitalization of $84.47 billion, a P/E ratio of 28.83, a P/E/G ratio of 1.36 and a beta of 1.29.

KLA (NASDAQ:KLAC) last released its earnings results 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 return on equity of 105.16% and a net margin of 28.92%. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period last year, the business posted $5.74 earnings per share. On average, analysts expect that KLA Co. will post 30.91 earnings per share for the current year.

KLA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th will be given a $1.70 dividend. The ex-dividend date of this dividend is Monday, November 18th. This is a boost from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 annualized dividend and a dividend yield of 1.08%. KLA’s payout ratio is 31.05%.

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.