Two Sigma Advisers LP boosted its position in KLA Co. (NASDAQ:KLAC - Free Report) by 10,766.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 228,200 shares of the semiconductor company's stock after purchasing an additional 226,100 shares during the quarter. Two Sigma Advisers LP owned about 0.17% of KLA worth $176,720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently bought and sold shares of the company. CVA Family Office LLC boosted its stake in KLA by 3.7% during the third quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company's stock valued at $283,000 after buying an additional 13 shares during the period. TIAA Trust National Association grew its holdings in shares of KLA by 0.4% during the second quarter. TIAA Trust National Association now owns 3,249 shares of the semiconductor company's stock worth $2,679,000 after purchasing an additional 14 shares in the last quarter. AA Financial Advisors LLC increased its position in shares of KLA by 2.7% in the second quarter. AA Financial Advisors LLC now owns 567 shares of the semiconductor company's stock worth $467,000 after purchasing an additional 15 shares during the last quarter. Ameritas Advisory Services LLC lifted its position in KLA by 1.2% during the second quarter. Ameritas Advisory Services LLC now owns 1,280 shares of the semiconductor company's stock valued at $1,055,000 after purchasing an additional 15 shares during the last quarter. Finally, Greystone Financial Group LLC grew its stake in KLA by 1.3% in the 2nd quarter. Greystone Financial Group LLC now owns 1,188 shares of the semiconductor company's stock worth $980,000 after buying an additional 15 shares in the last quarter. 86.65% of the stock is owned by institutional investors.
KLAC has been the subject of a number of research analyst reports. StockNews.com downgraded shares of KLA from a "buy" rating to a "hold" rating in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft dropped their price target on KLA from $890.00 to $750.00 and set a "buy" rating for the company in a research note on Thursday, October 31st. Morgan Stanley decreased their price objective on KLA from $746.00 to $703.00 and set an "equal weight" rating on the stock in a report on Thursday. UBS Group reduced their price target on shares of KLA from $900.00 to $765.00 and set a "neutral" rating on the stock in a research report on Thursday, September 12th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of KLA in a research note on Thursday, October 31st. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $815.80.
Read Our Latest Report on KLA
KLA stock opened at $642.61 on Friday. KLA Co. has a fifty-two week low of $527.44 and a fifty-two week high of $896.32. The stock's 50 day simple moving average is $689.99 and its two-hundred day simple moving average is $755.21. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.48 and a current ratio of 2.13. 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 (NASDAQ:KLAC - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share 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 company had revenue of $2.84 billion for the quarter, compared to analysts' expectations of $2.75 billion. During the same period in the prior year, the firm earned $5.74 earnings per share. The firm's revenue for the quarter was up 18.5% on a year-over-year basis. As a group, analysts expect that KLA Co. will post 30.91 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were paid a $1.70 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.80 annualized dividend and a dividend yield of 1.06%. This is an increase from KLA's previous quarterly dividend of $1.45. KLA's dividend payout ratio is presently 31.05%.
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.
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