Brooklyn Investment Group Buys 64 Shares of KLA Co. (NASDAQ:KLAC)

Brooklyn Investment Group lifted its holdings in KLA Co. (NASDAQ:KLAC) by 15.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 478 shares of the semiconductor company’s stock after purchasing an additional 64 shares during the period. Brooklyn Investment Group’s holdings in KLA were worth $370,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Family Firm Inc. purchased a new stake in KLA during the second quarter valued at approximately $30,000. Capital Performance Advisors LLP acquired a new stake in shares of KLA in the third quarter worth $38,000. 1620 Investment Advisors Inc. acquired a new stake in shares of KLA in the second quarter worth $44,000. LRI Investments LLC acquired a new stake in shares of KLA in the first quarter worth $45,000. Finally, Olistico Wealth LLC acquired a new stake in shares of KLA in the second quarter worth $53,000. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. StockNews.com upgraded shares of KLA from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Cantor Fitzgerald restated a “neutral” rating and set a $925.00 price target on shares of KLA in a research report on Tuesday, October 8th. Barclays dropped their price target on shares of KLA from $800.00 to $750.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft dropped their price target on shares of KLA from $890.00 to $750.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Finally, Citigroup decreased their price objective on shares of KLA from $960.00 to $900.00 and set a “buy” rating on the stock in a report on Monday, September 16th. Seven investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $815.55.

KLA Stock Performance

NASDAQ:KLAC opened at $631.47 on Wednesday. The company’s 50-day moving average is $706.36 and its two-hundred day moving average is $759.85. 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 capitalization of $84.47 billion, a price-to-earnings ratio of 28.83, a PEG ratio of 1.36 and a beta of 1.29.

KLA (NASDAQ:KLAC) last announced its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share for the quarter, topping the consensus estimate of $7.03 by $0.30. KLA had a net margin of 28.92% and a return on equity of 105.16%. The firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.75 billion. During the same period in the prior year, the firm earned $5.74 EPS. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. Analysts forecast 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 paid a dividend of $1.70 per share. This is an increase from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 annualized dividend and a yield of 1.08%. The ex-dividend date is Monday, November 18th. 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.