Rockefeller Capital Management L.P. Sells 3,151 Shares of KLA Co. (NASDAQ:KLAC)

Rockefeller Capital Management L.P. lessened its holdings in shares of KLA Co. (NASDAQ:KLAC) by 6.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 49,572 shares of the semiconductor company’s stock after selling 3,151 shares during the period. Rockefeller Capital Management L.P.’s holdings in KLA were worth $38,381,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Swedbank AB lifted its holdings in KLA by 0.4% during the 3rd quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock worth $426,660,000 after buying an additional 2,019 shares during the period. Community Financial Services Group LLC boosted its holdings in KLA by 538.5% in the third quarter. Community Financial Services Group LLC now owns 7,445 shares of the semiconductor company’s stock valued at $5,765,000 after acquiring an additional 6,279 shares during the last quarter. Eastern Bank boosted its holdings in KLA by 655.8% in the third quarter. Eastern Bank now owns 27,368 shares of the semiconductor company’s stock valued at $21,194,000 after acquiring an additional 23,747 shares during the last quarter. ING Groep NV increased its position in KLA by 52.4% during the 3rd quarter. ING Groep NV now owns 79,763 shares of the semiconductor company’s stock valued at $61,769,000 after purchasing an additional 27,436 shares during the period. Finally, Generate Investment Management Ltd raised its holdings in KLA by 39.0% during the 3rd quarter. Generate Investment Management Ltd now owns 5,882 shares of the semiconductor company’s stock worth $4,555,000 after purchasing an additional 1,651 shares during the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on KLAC. Wells Fargo & Company decreased their price objective on shares of KLA from $950.00 to $870.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. StockNews.com lowered KLA from a “buy” rating to a “hold” rating in a research report on Wednesday. Susquehanna cut their target price on KLA from $680.00 to $675.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. Barclays decreased their target price on 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, UBS Group cut their price target on KLA from $900.00 to $765.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Eight equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $815.55.

KLA Trading Up 2.4 %

NASDAQ KLAC opened at $647.03 on Friday. 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 business has a fifty day simple moving average of $699.34 and a 200 day simple moving average of $757.61. KLA Co. has a 12 month low of $527.11 and a 12 month high of $896.32. The firm has a market capitalization of $86.55 billion, a P/E ratio of 29.54, a PEG ratio of 1.33 and a beta of 1.29.

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

KLA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th will be paid a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is 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.