Prime Capital Investment Advisors LLC Boosts Position in KLA Co. (NASDAQ:KLAC)

Prime Capital Investment Advisors LLC increased its holdings in KLA Co. (NASDAQ:KLAC) by 4.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,210 shares of the semiconductor company’s stock after acquiring an additional 57 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in KLA were worth $937,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in KLAC. Swedbank AB boosted its stake in shares of KLA by 0.4% during the 3rd quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock valued at $426,660,000 after purchasing an additional 2,019 shares in the last quarter. Community Financial Services Group LLC lifted 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 worth $5,765,000 after buying an additional 6,279 shares during the period. Eastern Bank boosted its position in KLA by 655.8% during the 3rd 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 in the last quarter. Generate Investment Management Ltd grew its holdings in shares of 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 acquiring an additional 1,651 shares during the period. Finally, Paragon Capital Management Inc. bought a new position in shares of KLA in the 3rd quarter worth approximately $716,000. Institutional investors own 86.65% of the company’s stock.

KLA Stock Up 0.1 %

KLAC opened at $645.00 on Friday. KLA Co. has a twelve month low of $527.11 and a twelve month high of $896.32. 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 has a 50 day moving average price of $724.45 and a 200-day moving average price of $764.10. The stock has a market capitalization of $86.28 billion, a price-to-earnings ratio of 29.45, a PEG ratio of 1.40 and a beta of 1.29.

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 business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.75 billion. During the same period in the previous year, the business earned $5.74 EPS. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. Equities research analysts forecast that KLA Co. will post 30.91 earnings per share for the current year.

KLA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th will be paid a dividend of $1.70 per share. 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 1.05%. The ex-dividend date of this dividend is Monday, November 18th. KLA’s payout ratio is currently 26.48%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on KLAC shares. Argus upped their price target on KLA from $800.00 to $875.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Oppenheimer raised shares of KLA from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $750.00 to $850.00 in a research report on Thursday, October 31st. The Goldman Sachs Group lifted their price target on shares of KLA from $735.00 to $838.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Evercore ISI upped their price objective on shares of KLA from $800.00 to $900.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Finally, 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 report on Thursday, October 31st. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $802.90.

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.