Versor Investments LP Invests $1.01 Million in KLA Co. (NASDAQ:KLAC)

Versor Investments LP purchased a new stake in shares of KLA Co. (NASDAQ:KLAC) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,301 shares of the semiconductor company’s stock, valued at approximately $1,008,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KLAC. Cedar Wealth Management LLC boosted its holdings in shares of KLA by 77.3% in the 1st quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 17 shares in the last quarter. Family Firm Inc. acquired a new position in shares of KLA during the 2nd quarter worth about $30,000. Capital Performance Advisors LLP acquired a new position in shares of KLA during the 3rd quarter worth about $38,000. 1620 Investment Advisors Inc. acquired a new stake in KLA in the 2nd quarter valued at about $44,000. Finally, LRI Investments LLC bought a new position in KLA in the 1st quarter valued at about $45,000. 86.65% of the stock is currently owned by institutional investors.

KLA Stock Performance

KLAC stock opened at $666.03 on Tuesday. The firm has a market cap of $89.09 billion, a price-to-earnings ratio of 30.41, a PEG ratio of 1.45 and a beta of 1.29. The firm has a 50-day simple moving average of $731.06 and a two-hundred day simple moving average of $765.29. KLA Co. has a one year low of $524.03 and a one year high of $896.32. 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 (NASDAQ:KLAC) last posted 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 company had revenue of $2.84 billion during 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%. KLA’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period last year, the firm posted $5.74 EPS. On average, equities analysts forecast that KLA Co. will post 30.91 EPS for the current fiscal year.

KLA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Monday, November 18th will be issued a $1.70 dividend. This is a positive change from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Monday, November 18th. KLA’s payout ratio is 31.05%.

Analyst Ratings Changes

Several research analysts have recently commented on KLAC shares. Deutsche Bank Aktiengesellschaft lowered their target price on shares of KLA from $890.00 to $750.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. JPMorgan Chase & Co. raised their target price on shares of KLA from $800.00 to $950.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Citigroup cut their price target 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. Barclays lowered their target price on shares of KLA from $800.00 to $750.00 and set an “equal weight” rating for the company in a research note on Thursday, October 31st. Finally, Argus lifted their target price on shares of KLA from $800.00 to $875.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, KLA has an average rating of “Moderate Buy” and an average price target of $802.90.

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.