Insigneo Advisory Services LLC Invests $302,000 in KLA Co. (NASDAQ:KLAC)

Insigneo Advisory Services LLC bought a new stake in KLA Co. (NASDAQ:KLAC) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 390 shares of the semiconductor company’s stock, valued at approximately $302,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mizuho Securities USA LLC lifted its position in shares of KLA by 32,828.8% in the third quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock valued at $2,647,708,000 after buying an additional 3,408,617 shares during the last quarter. International Assets Investment Management LLC raised its stake in KLA by 76,452.4% in the 3rd quarter. International Assets Investment Management LLC now owns 302,382 shares of the semiconductor company’s stock valued at $234,168,000 after acquiring an additional 301,987 shares during the period. Van ECK Associates Corp lifted its holdings in KLA by 25.7% during the 3rd quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock valued at $1,083,684,000 after purchasing an additional 286,015 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in KLA by 6,188.5% during the third quarter. Assenagon Asset Management S.A. now owns 239,404 shares of the semiconductor company’s stock worth $185,397,000 after purchasing an additional 235,597 shares during the period. Finally, Two Sigma Advisers LP increased its holdings in shares of KLA by 10,766.7% in the third quarter. Two Sigma Advisers LP now owns 228,200 shares of the semiconductor company’s stock valued at $176,720,000 after purchasing an additional 226,100 shares during the last quarter. Institutional investors own 86.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Cantor Fitzgerald restated a “neutral” rating and set a $925.00 target price on shares of KLA in a research note on Tuesday, October 8th. Wells Fargo & Company cut their price objective on shares of KLA from $870.00 to $800.00 and set an “overweight” rating for the company in a research report on Friday. Citigroup reduced their price objective on KLA from $960.00 to $900.00 and set a “buy” rating for the company in a report on Monday, September 16th. TD Cowen lowered their target price on KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a research note on Thursday, October 31st. Finally, Susquehanna reduced their price target on KLA from $680.00 to $675.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. Eight analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $812.30.

KLA Stock Performance

Shares of NASDAQ:KLAC opened at $648.34 on Monday. KLA Co. has a 1 year low of $530.07 and a 1 year high of $896.32. The stock has a market capitalization of $86.72 billion, a price-to-earnings ratio of 29.60, a price-to-earnings-growth ratio of 1.40 and a beta of 1.27. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.13 and a quick ratio of 1.48. The company’s 50 day simple moving average is $687.30 and its 200 day simple moving average is $754.15.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share (EPS) for the quarter, beating the consensus estimate 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 last year, the company 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 30.63 EPS for the current fiscal year.

KLA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th were issued a $1.70 dividend. The ex-dividend date was Monday, November 18th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 1.05%. This is a boost from KLA’s previous quarterly dividend of $1.45. KLA’s dividend payout ratio is 31.05%.

KLA Company 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.