Crossmark Global Holdings Inc. Has $5.27 Million Stake in KLA Co. (NASDAQ:KLAC)

Crossmark Global Holdings Inc. lowered its stake in KLA Co. (NASDAQ:KLAC) by 3.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,809 shares of the semiconductor company’s stock after selling 222 shares during the period. Crossmark Global Holdings Inc.’s holdings in KLA were worth $5,273,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in KLAC. Capital Market Strategies LLC raised its holdings in 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 acquiring an additional 13 shares during the period. CVA Family Office LLC increased its stake in shares of KLA by 3.7% in the third quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company’s stock worth $283,000 after purchasing an additional 13 shares during the period. HBW Advisory Services LLC lifted its position in shares of KLA by 2.6% during the 2nd quarter. HBW Advisory Services LLC now owns 548 shares of the semiconductor company’s stock worth $452,000 after purchasing an additional 14 shares during the last quarter. TIAA Trust National Association boosted its stake in KLA by 0.4% during the 2nd quarter. TIAA Trust National Association now owns 3,249 shares of the semiconductor company’s stock valued at $2,679,000 after purchasing an additional 14 shares during the period. Finally, AA Financial Advisors LLC grew its holdings in KLA by 2.7% in the 2nd quarter. AA Financial Advisors LLC now owns 567 shares of the semiconductor company’s stock valued at $467,000 after buying an additional 15 shares during the last quarter. Institutional investors own 86.65% of the company’s stock.

KLA Stock Performance

NASDAQ:KLAC opened at $666.03 on Tuesday. The stock has a market capitalization of $89.09 billion, a P/E ratio of 30.41, a price-to-earnings-growth ratio of 1.45 and a beta of 1.29. The company has a current ratio of 2.13, a quick ratio of 1.48 and a debt-to-equity ratio of 1.65. KLA Co. has a 1 year low of $524.03 and a 1 year high of $896.32. The firm has a 50 day moving average of $731.06 and a 200-day moving average of $765.29.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, topping analysts’ consensus estimates of $7.03 by $0.30. KLA had a return on equity of 105.16% and a net margin of 28.92%. The company 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 earned $5.74 earnings per share. The business’s revenue was up 18.5% on a year-over-year basis. As a group, sell-side analysts anticipate that KLA Co. will post 30.91 EPS for the current fiscal year.

KLA Increases Dividend

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on KLAC shares. Barclays reduced their price objective on KLA from $800.00 to $750.00 and set an “equal weight” rating for the company in a research report on Thursday, October 31st. UBS Group reduced their price target on shares of KLA from $900.00 to $765.00 and set a “neutral” rating for the company in a report on Thursday, September 12th. Argus boosted their price objective on shares of KLA from $800.00 to $875.00 and gave the stock a “buy” rating in a report on Friday, July 26th. The Goldman Sachs Group increased their target price 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. Finally, Susquehanna lowered their price target on KLA from $680.00 to $675.00 and set a “neutral” rating on the stock in a research note on Friday, October 11th. Eight equities 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 stock presently has an average rating of “Moderate Buy” and an average 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.