Navellier & Associates Inc. Increases Stock Holdings in KLA Co. (NASDAQ:KLAC)

Navellier & Associates Inc. raised its stake in KLA Co. (NASDAQ:KLACFree Report) by 4.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,969 shares of the semiconductor company’s stock after acquiring an additional 115 shares during the quarter. Navellier & Associates Inc.’s holdings in KLA were worth $1,362,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Blair William & Co. IL grew its position in shares of KLA by 1.9% in the first quarter. Blair William & Co. IL now owns 22,566 shares of the semiconductor company’s stock valued at $8,261,000 after purchasing an additional 413 shares during the period. Sei Investments Co. grew its position in shares of KLA by 34.9% in the first quarter. Sei Investments Co. now owns 80,289 shares of the semiconductor company’s stock valued at $29,382,000 after purchasing an additional 20,773 shares during the period. Prudential PLC grew its position in shares of KLA by 183.1% in the first quarter. Prudential PLC now owns 4,374 shares of the semiconductor company’s stock valued at $1,601,000 after purchasing an additional 2,829 shares during the period. Sequoia Financial Advisors LLC grew its position in KLA by 32.9% during the first quarter. Sequoia Financial Advisors LLC now owns 924 shares of the semiconductor company’s stock valued at $338,000 after acquiring an additional 229 shares during the period. Finally, Candriam Luxembourg S.C.A. grew its position in KLA by 4.4% during the first quarter. Candriam Luxembourg S.C.A. now owns 50,684 shares of the semiconductor company’s stock valued at $18,553,000 after acquiring an additional 2,151 shares during the period. 85.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KLAC has been the subject of a number of research reports. Berenberg Bank boosted their price target on KLA from $670.00 to $690.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Redburn Atlantic initiated coverage on KLA in a research report on Wednesday, November 22nd. They set a “neutral” rating and a $550.00 price target for the company. Barclays boosted their price target on KLA from $500.00 to $550.00 and gave the company an “underweight” rating in a research report on Friday, January 26th. Wells Fargo & Company boosted their price target on KLA from $670.00 to $705.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Finally, New Street Research started coverage on KLA in a research note on Monday, December 18th. They set a “buy” rating and a $730.00 price objective on the stock. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $607.50.

Get Our Latest Stock Report on KLAC

KLA Trading Down 0.3 %

NASDAQ:KLAC opened at $648.05 on Tuesday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.25 and a current ratio of 1.91. KLA Co. has a one year low of $355.88 and a one year high of $658.78. The business’s 50-day simple moving average is $582.93 and its 200 day simple moving average is $524.98. The stock has a market cap of $87.64 billion, a price-to-earnings ratio of 32.91, a price-to-earnings-growth ratio of 3.13 and a beta of 1.33.

KLA (NASDAQ:KLACGet Free Report) last announced its quarterly earnings data on Thursday, January 25th. The semiconductor company reported $6.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.91 by $0.25. KLA had a return on equity of 107.56% and a net margin of 27.98%. The firm had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter in the prior year, the firm posted $7.38 earnings per share. KLA’s revenue for the quarter was down 16.7% compared to the same quarter last year. As a group, sell-side analysts predict that KLA Co. will post 22.88 earnings per share for the current fiscal year.

KLA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Monday, February 19th will be given a dividend of $1.45 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 0.89%. KLA’s dividend payout ratio (DPR) is presently 29.46%.

About KLA

(Free Report)

KLA Corporation designs, manufactures, and markets 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, Display and Component Inspection.

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Institutional Ownership by Quarter for KLA (NASDAQ:KLAC)

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