Marco Investment Management LLC Buys 328 Shares of KLA Co. (NASDAQ:KLAC)

Marco Investment Management LLC boosted its holdings in shares of KLA Co. (NASDAQ:KLAC) by 1.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,617 shares of the semiconductor company’s stock after acquiring an additional 328 shares during the period. KLA comprises about 1.6% of Marco Investment Management LLC’s portfolio, making the stock its 21st largest position. Marco Investment Management LLC’s holdings in KLA were worth $18,289,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Capital Market Strategies LLC raised its holdings in KLA by 1.6% in the 2nd quarter. Capital Market Strategies LLC now owns 808 shares of the semiconductor company’s stock valued at $666,000 after buying an additional 13 shares during the period. CVA Family Office LLC boosted its stake in shares of 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 acquiring an additional 13 shares during the last quarter. HBW Advisory Services LLC boosted its stake in shares of KLA by 2.6% during the second quarter. HBW Advisory Services LLC now owns 548 shares of the semiconductor company’s stock valued at $452,000 after acquiring an additional 14 shares during the last quarter. TIAA Trust National Association boosted its stake in KLA by 0.4% in the 2nd quarter. TIAA Trust National Association now owns 3,249 shares of the semiconductor company’s stock worth $2,679,000 after buying an additional 14 shares during the last quarter. Finally, AA Financial Advisors LLC raised its holdings in shares of KLA by 2.7% in the 2nd 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 period. 86.65% of the stock is currently owned by institutional investors.

KLA Trading Up 1.0 %

Shares of KLAC stock opened at $639.55 on Friday. The company has a 50-day moving average of $710.36 and a two-hundred day moving average of $760.62. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.13 and a quick ratio of 1.48. KLA Co. has a 1-year low of $527.11 and a 1-year high of $896.32. The firm has a market cap of $85.55 billion, a PE ratio of 29.20, a price-to-earnings-growth ratio of 1.33 and a beta of 1.29.

KLA (NASDAQ:KLAC) last announced its 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. KLA had a net margin of 28.92% and a return on equity of 105.16%. The business had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.75 billion. During the same period in the previous year, the company posted $5.74 EPS. The company’s quarterly revenue was up 18.5% on a year-over-year basis. On average, analysts predict that KLA Co. will post 30.91 EPS for the current year.

KLA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Monday, November 18th will be given a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date is Monday, November 18th. This is an increase from KLA’s previous quarterly dividend of $1.45. KLA’s dividend payout ratio is 31.05%.

Analysts Set New Price Targets

KLAC has been the subject of a number of research analyst reports. Susquehanna lowered their price target on KLA from $680.00 to $675.00 and set a “neutral” rating for the company in a report on Friday, October 11th. Needham & Company LLC reissued a “hold” rating on shares of KLA in a research report on Thursday, October 31st. 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. StockNews.com upgraded KLA from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Finally, TD Cowen dropped their target price on KLA from $760.00 to $725.00 and set a “hold” rating for the company in a report on Thursday, October 31st. Seven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus 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.