KLA Co. (NASDAQ:KLAC) Shares Purchased by Public Sector Pension Investment Board

Public Sector Pension Investment Board boosted its stake in KLA Co. (NASDAQ:KLAC) by 12.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 140,453 shares of the semiconductor company’s stock after buying an additional 15,700 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.11% of KLA worth $108,768,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Mizuho Securities USA LLC grew its stake in KLA by 32,828.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock valued at $2,647,708,000 after acquiring an additional 3,408,617 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of KLA by 1.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,811,766 shares of the semiconductor company’s stock worth $2,318,329,000 after purchasing an additional 28,172 shares during the last quarter. Van ECK Associates Corp grew its position 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 purchasing an additional 286,015 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of KLA by 1.9% in the second quarter. Legal & General Group Plc now owns 1,163,958 shares of the semiconductor company’s stock valued at $959,695,000 after purchasing an additional 21,412 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in KLA by 1.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 826,954 shares of the semiconductor company’s stock worth $640,401,000 after buying an additional 13,038 shares in the last quarter. 86.65% of the stock is currently owned by institutional investors and hedge funds.

KLA Trading Up 0.1 %

NASDAQ:KLAC opened at $632.14 on Thursday. The stock has a fifty day moving average price of $704.38 and a 200 day moving average price of $758.96. 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 Co. has a 12-month low of $527.11 and a 12-month high of $896.32. The firm has a market cap of $84.56 billion, a PE ratio of 28.86, a price-to-earnings-growth ratio of 1.36 and a beta of 1.29.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 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 in the previous year, the company posted $5.74 earnings per share. Sell-side analysts anticipate that KLA Co. will post 30.91 earnings per share for the current fiscal year.

KLA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th will be issued a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 1.08%. This is a positive change from KLA’s previous quarterly dividend of $1.45. The ex-dividend date of this dividend is Monday, November 18th. KLA’s dividend payout ratio (DPR) is presently 31.05%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on KLAC shares. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $925.00 target price on shares of KLA in a research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of KLA from $890.00 to $750.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Oppenheimer upgraded shares of KLA from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $750.00 to $850.00 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. Finally, StockNews.com cut KLA from a “buy” rating to a “hold” rating in a report on Wednesday. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $815.55.

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.