Alpha DNA Investment Management LLC Has $1.73 Million Holdings in KLA Co. (NASDAQ:KLAC)

Alpha DNA Investment Management LLC boosted its position in shares of KLA Co. (NASDAQ:KLAC) by 177.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,237 shares of the semiconductor company’s stock after acquiring an additional 1,430 shares during the quarter. Alpha DNA Investment Management LLC’s holdings in KLA were worth $1,732,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Mizuho Securities USA LLC boosted its stake in shares of 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 worth $2,647,708,000 after acquiring an additional 3,408,617 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of KLA by 1.0% during the second 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 period. Van ECK Associates Corp raised its holdings in KLA by 25.7% in the 3rd quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock valued at $1,083,684,000 after acquiring an additional 286,015 shares in the last quarter. Legal & General Group Plc lifted its position in shares of KLA by 1.9% during the 2nd quarter. Legal & General Group Plc now owns 1,163,958 shares of the semiconductor company’s stock valued at $959,695,000 after acquiring an additional 21,412 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of KLA by 1.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 826,954 shares of the semiconductor company’s stock worth $640,401,000 after purchasing an additional 13,038 shares in the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

Wall Street Analyst Weigh In

KLAC has been the subject of several recent analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of KLA in a research report on Thursday, October 31st. StockNews.com upgraded shares of KLA from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Barclays decreased their price target on KLA from $800.00 to $750.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 31st. UBS Group dropped their price objective on KLA from $900.00 to $765.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Finally, Oppenheimer upgraded KLA from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $750.00 to $850.00 in a research report on Thursday, October 31st. Seven equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $815.55.

KLA Stock Up 1.0 %

Shares of NASDAQ KLAC opened at $639.55 on Friday. The company’s 50 day moving average price is $710.36 and its 200-day moving average price is $760.62. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.48 and a current ratio of 2.13. KLA Co. has a 52-week low of $527.11 and a 52-week high of $896.32. The company has a market capitalization of $85.55 billion, a P/E 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 quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.03 by $0.30. KLA had a return on equity of 105.16% and a net margin of 28.92%. The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.75 billion. During the same period in the previous year, the business earned $5.74 EPS. The firm’s revenue was up 18.5% compared to the same quarter last year. Equities analysts forecast that KLA Co. will post 30.91 earnings per share for the current year.

KLA Increases Dividend

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

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.