KLA Co. (NASDAQ:KLAC) Shares Sold by DRW Securities LLC

DRW Securities LLC decreased its stake in shares of KLA Co. (NASDAQ:KLAC) by 25.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 678 shares of the semiconductor company’s stock after selling 235 shares during the quarter. DRW Securities LLC’s holdings in KLA were worth $525,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of KLAC. Mizuho Securities USA LLC grew its holdings 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 worth $2,647,708,000 after acquiring an additional 3,408,617 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake 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 in the last quarter. Van ECK Associates Corp increased its holdings in 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 buying an additional 286,015 shares during the last quarter. Legal & General Group Plc raised its stake in 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 buying an additional 21,412 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in 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 buying an additional 13,038 shares during the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on KLAC. Cantor Fitzgerald reiterated a “neutral” rating and issued a $925.00 price objective on shares of KLA in a report on Tuesday, October 8th. UBS Group cut their price objective on shares of KLA from $900.00 to $765.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Susquehanna lowered their target price on shares of 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 reiterated a “hold” rating on shares of KLA in a research note on Thursday, October 31st. Finally, Wells Fargo & Company dropped their price objective on KLA from $950.00 to $870.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Seven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, KLA presently has a consensus rating of “Moderate Buy” and a consensus price target of $815.55.

KLA Stock Performance

NASDAQ:KLAC opened at $631.47 on Wednesday. The firm has a market cap of $84.47 billion, a price-to-earnings ratio of 28.83, a price-to-earnings-growth ratio of 1.35 and a beta of 1.29. 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’s fifty day moving average price is $706.36 and its 200 day moving average price is $759.85.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.03 by $0.30. The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.75 billion. KLA had a net margin of 28.92% and a return on equity of 105.16%. The business’s revenue was up 18.5% compared to the same quarter last year. During the same period in the previous year, the business posted $5.74 earnings per share. On average, sell-side analysts expect that KLA Co. will post 30.91 EPS for the current year.

KLA Increases Dividend

The firm also recently declared 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 is a boost from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Monday, November 18th. KLA’s dividend payout ratio (DPR) is currently 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.