Toronto Dominion Bank Has $58.17 Million Stake in KLA Co. (NASDAQ:KLAC)

Toronto Dominion Bank reduced its holdings in KLA Co. (NASDAQ:KLAC) by 0.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 75,120 shares of the semiconductor company’s stock after selling 191 shares during the period. Toronto Dominion Bank owned approximately 0.06% of KLA worth $58,174,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Chiron Investment Management LLC boosted its position in shares of KLA by 120.5% during the third quarter. Chiron Investment Management LLC now owns 505 shares of the semiconductor company’s stock worth $391,000 after purchasing an additional 276 shares in the last quarter. Coldstream Capital Management Inc. lifted its holdings in KLA by 10.7% during the third quarter. Coldstream Capital Management Inc. now owns 2,722 shares of the semiconductor company’s stock worth $2,081,000 after acquiring an additional 263 shares in the last quarter. Geode Capital Management LLC grew its stake in KLA by 3.0% in the third quarter. Geode Capital Management LLC now owns 3,221,694 shares of the semiconductor company’s stock valued at $2,487,971,000 after acquiring an additional 93,743 shares during the period. Goodman Advisory Group LLC bought a new stake in shares of KLA in the third quarter worth about $104,000. Finally, Brophy Wealth Management LLC acquired a new stake in shares of KLA during the third quarter worth about $843,000. 86.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

KLAC has been the subject of a number of analyst reports. Morgan Stanley decreased their target price on shares of KLA from $746.00 to $703.00 and set an “equal weight” rating for the company in a research report on Thursday, December 5th. Barclays decreased their price objective on KLA from $800.00 to $750.00 and set an “equal weight” rating for the company in a report on Thursday, October 31st. Cantor Fitzgerald reissued a “neutral” rating and set a $925.00 price target on shares of KLA in a research report on Tuesday, October 8th. Susquehanna lowered their price target on KLA from $680.00 to $675.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on KLA from $890.00 to $750.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, KLA currently has an average rating of “Moderate Buy” and a consensus target price of $812.30.

KLA Stock Performance

NASDAQ:KLAC opened at $648.84 on Thursday. The stock’s 50-day moving average is $680.06 and its 200-day moving average is $751.66. KLA Co. has a 1-year low of $542.41 and a 1-year high of $896.32. The company has a current ratio of 2.13, a quick ratio of 1.48 and a debt-to-equity ratio of 1.65. The stock has a market cap of $86.79 billion, a P/E ratio of 29.63, a price-to-earnings-growth ratio of 1.38 and a beta of 1.28.

KLA (NASDAQ:KLAC) last released 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 firm 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 business’s revenue was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.74 EPS. Equities research analysts anticipate that KLA Co. will post 30.61 earnings per share 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 given a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date was Monday, November 18th. This is an increase from KLA’s previous quarterly dividend of $1.45. KLA’s payout ratio is presently 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.