Graypoint LLC Purchases 20 Shares of KLA Co. (NASDAQ:KLAC)

Graypoint LLC boosted its holdings in shares of KLA Co. (NASDAQ:KLAC) by 0.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,757 shares of the semiconductor company’s stock after buying an additional 20 shares during the period. Graypoint LLC’s holdings in KLA were worth $2,135,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KLAC. Capital Market Strategies LLC increased its holdings in shares of KLA by 1.6% in the 2nd quarter. Capital Market Strategies LLC now owns 808 shares of the semiconductor company’s stock worth $666,000 after buying an additional 13 shares during the last quarter. CVA Family Office LLC increased its stake in KLA by 3.7% in the third quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company’s stock valued at $283,000 after acquiring an additional 13 shares during the last quarter. HBW Advisory Services LLC raised its position in KLA by 2.6% during the second quarter. HBW Advisory Services LLC now owns 548 shares of the semiconductor company’s stock valued at $452,000 after purchasing an additional 14 shares in the last quarter. TIAA Trust National Association lifted its stake in KLA by 0.4% during the second quarter. TIAA Trust National Association now owns 3,249 shares of the semiconductor company’s stock worth $2,679,000 after purchasing an additional 14 shares during the last quarter. Finally, AA Financial Advisors LLC boosted its holdings in shares of KLA by 2.7% in the 2nd quarter. AA Financial Advisors LLC now owns 567 shares of the semiconductor company’s stock worth $467,000 after purchasing an additional 15 shares in the last quarter. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

KLA Stock Performance

NASDAQ:KLAC opened at $686.15 on Friday. The company has a quick ratio of 1.48, a current ratio of 2.13 and a debt-to-equity ratio of 1.65. The firm’s fifty day simple moving average is $735.90 and its 200 day simple moving average is $763.89. The stock has a market cap of $91.78 billion, a P/E ratio of 31.33, a price-to-earnings-growth ratio of 1.40 and a beta of 1.29. KLA Co. has a twelve month low of $504.66 and a twelve month high of $896.32.

KLA (NASDAQ:KLAC) last announced its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share for the quarter, beating analysts’ consensus estimates of $7.03 by $0.30. KLA had a net margin of 28.92% and a return on equity of 105.16%. The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.75 billion. During the same quarter in the previous year, the firm posted $5.74 EPS. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. As a group, research analysts predict that KLA Co. will post 30.91 EPS for the current year.

KLA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th will be given a $1.70 dividend. This represents a $6.80 annualized dividend and a dividend yield of 0.99%. This is a positive change from KLA’s previous quarterly dividend of $1.45. KLA’s dividend payout ratio is currently 26.48%.

Analyst Ratings Changes

KLAC has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price objective on KLA from $800.00 to $950.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Wells Fargo & Company decreased their price target on shares of KLA from $950.00 to $870.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. The Goldman Sachs Group upped their price objective on shares of KLA from $735.00 to $838.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. StockNews.com upgraded shares of KLA from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Finally, Barclays cut their price target on shares of KLA from $800.00 to $750.00 and set an “equal weight” rating for the company in a research report on Thursday, October 31st. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $802.90.

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.