KLA Co. (NASDAQ:KLAC) Stock Position Lowered by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. decreased its position in KLA Co. (NASDAQ:KLAC) by 23.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,083 shares of the semiconductor company’s stock after selling 2,227 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in KLA were worth $5,485,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of KLAC. Swedbank AB bought a new position in shares of KLA during the 1st quarter valued at about $379,678,000. International Assets Investment Management LLC grew its position in KLA by 76,452.4% in the third quarter. International Assets Investment Management LLC now owns 302,382 shares of the semiconductor company’s stock worth $234,168,000 after buying an additional 301,987 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of KLA by 25.7% in the third quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock valued at $1,083,684,000 after buying an additional 286,015 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of KLA by 6,188.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 239,404 shares of the semiconductor company’s stock valued at $185,397,000 after acquiring an additional 235,597 shares during the last quarter. Finally, 1832 Asset Management L.P. boosted its stake in shares of KLA by 2,205.8% during the 2nd quarter. 1832 Asset Management L.P. now owns 201,592 shares of the semiconductor company’s stock worth $166,215,000 after acquiring an additional 192,849 shares in the last quarter. Institutional investors own 86.65% of the company’s stock.

KLA Price Performance

Shares of KLAC stock opened at $645.00 on Friday. KLA Co. has a 12 month low of $527.11 and a 12 month high of $896.32. The company has a market capitalization of $86.28 billion, a P/E ratio of 29.45, a P/E/G ratio of 1.40 and a beta of 1.29. The stock has a 50 day moving average of $724.45 and a two-hundred day moving average of $764.10. 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 1.05%. The ex-dividend date of this dividend is Monday, November 18th. This is a positive change from KLA’s previous quarterly dividend of $1.45. KLA’s dividend payout ratio is 26.48%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on KLAC shares. Evercore ISI lifted their price target on KLA from $800.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. The Goldman Sachs Group lifted their target price on shares of KLA from $735.00 to $838.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. StockNews.com upgraded shares of KLA from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Wells Fargo & Company decreased their price objective on shares of KLA from $950.00 to $870.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $925.00 target price on shares of KLA in a research note on Tuesday, October 8th. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $802.90.

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.