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

Invesco LLC trimmed its position in KLA Co. (NASDAQ:KLAC) by 1.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,926 shares of the semiconductor company’s stock after selling 33 shares during the period. Invesco LLC’s holdings in KLA were worth $1,214,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Driehaus Capital Management LLC acquired a new position in KLA during the second quarter worth about $218,000. Algert Global LLC acquired a new position in shares of KLA in the 2nd quarter worth approximately $239,000. NewEdge Advisors LLC raised its holdings in shares of KLA by 35.4% in the 2nd quarter. NewEdge Advisors LLC now owns 14,117 shares of the semiconductor company’s stock worth $11,640,000 after purchasing an additional 3,691 shares in the last quarter. Quarry LP lifted its stake in KLA by 556.3% during the second quarter. Quarry LP now owns 105 shares of the semiconductor company’s stock valued at $87,000 after purchasing an additional 89 shares during the last quarter. Finally, EP Wealth Advisors LLC boosted its holdings in KLA by 0.8% during the second quarter. EP Wealth Advisors LLC now owns 7,172 shares of the semiconductor company’s stock worth $5,913,000 after buying an additional 58 shares in the last quarter. 86.65% of the stock is owned by institutional investors.

KLA Stock Up 1.7 %

Shares of KLA stock traded up $11.95 during trading on Wednesday, hitting $714.87. 83,200 shares of the stock traded hands, compared to its average volume of 1,230,730. The stock has a market cap of $95.62 billion, a P/E ratio of 32.68, a PEG ratio of 1.66 and a beta of 1.27. The company has a fifty day moving average price of $669.84 and a two-hundred day moving average price of $718.54. KLA Co. has a twelve month low of $581.70 and a twelve month 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 earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, topping the consensus estimate of $7.03 by $0.30. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.75 billion. KLA had a net margin of 28.92% and a return on equity of 105.16%. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.74 earnings per share. Equities research analysts predict that KLA Co. will post 30.34 EPS for the current fiscal year.

KLA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th were given a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a yield of 0.95%. This is an increase from KLA’s previous quarterly dividend of $1.45. The ex-dividend date of this dividend was Monday, November 18th. KLA’s dividend payout ratio is presently 31.05%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Cantor Fitzgerald reiterated a “neutral” rating and set a $925.00 price objective on shares of KLA in a research report on Tuesday, October 8th. Morgan Stanley dropped their price target on KLA from $746.00 to $703.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 5th. Needham & Company LLC raised shares of KLA from a “hold” rating to a “buy” rating and set a $750.00 price objective for the company in a research note on Monday, January 13th. Barclays decreased their target price on shares of KLA from $750.00 to $700.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Finally, Wells Fargo & Company cut their price target on shares of KLA from $800.00 to $795.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, KLA has an average rating of “Moderate Buy” and an average price target of $812.47.

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.