KLA Co. (NASDAQ:KLAC) Holdings Raised by Tidal Investments LLC

Tidal Investments LLC increased its holdings in KLA Co. (NASDAQ:KLAC) by 317.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,111 shares of the semiconductor company’s stock after acquiring an additional 28,224 shares during the period. Tidal Investments LLC’s holdings in KLA were worth $28,739,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of KLAC. Swedbank AB lifted its stake in KLA by 1.0% in the 2nd quarter. Swedbank AB now owns 548,930 shares of the semiconductor company’s stock worth $452,598,000 after acquiring an additional 5,423 shares in the last quarter. Silver Lake Advisory LLC acquired a new position in KLA in the 2nd quarter worth about $202,000. Triad Wealth Partners LLC increased its position in KLA by 13.2% in the 2nd quarter. Triad Wealth Partners LLC now owns 849 shares of the semiconductor company’s stock worth $700,000 after purchasing an additional 99 shares during the last quarter. Old Port Advisors increased its position in KLA by 6.3% in the 2nd quarter. Old Port Advisors now owns 474 shares of the semiconductor company’s stock worth $391,000 after purchasing an additional 28 shares during the last quarter. Finally, Blue Trust Inc. increased its position in KLA by 172.1% in the 2nd quarter. Blue Trust Inc. now owns 1,026 shares of the semiconductor company’s stock worth $846,000 after purchasing an additional 649 shares during the last quarter. 86.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KLAC has been the topic of several research reports. UBS Group dropped their target price on KLA from $900.00 to $765.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. Susquehanna lowered their price objective on KLA from $680.00 to $675.00 and set a “neutral” rating on the stock in a report on Friday, October 11th. Barclays lowered their price objective on KLA from $800.00 to $750.00 and set an “equal weight” rating on the stock in a report on Thursday, October 31st. Cantor Fitzgerald reissued a “neutral” rating and set a $925.00 price objective on shares of KLA in a report on Tuesday, October 8th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of KLA in a report on Thursday, October 31st. Eight 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $812.30.

KLA Trading Down 0.8 %

Shares of NASDAQ KLAC traded down $5.43 during midday trading on Thursday, hitting $643.41. The stock had a trading volume of 79,791 shares, compared to its average volume of 973,863. The company’s 50-day simple moving average is $680.06 and its 200 day simple moving average is $751.66. 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 firm has a market cap of $86.06 billion, a P/E ratio of 29.63, a price-to-earnings-growth ratio of 1.38 and a beta of 1.28. KLA Co. has a fifty-two week low of $542.41 and a fifty-two week high of $896.32.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, beating analysts’ consensus estimates of $7.03 by $0.30. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.75 billion. KLA had a return on equity of 105.16% and a net margin of 28.92%. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the previous year, the company posted $5.74 earnings per share. Research analysts anticipate that KLA Co. will post 30.61 EPS for the current year.

KLA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were issued a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a yield of 1.06%. The ex-dividend date was Monday, November 18th. This is a positive change from KLA’s previous quarterly dividend of $1.45. KLA’s dividend payout ratio is presently 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.