Goodman Advisory Group LLC Acquires Shares of 134 KLA Co. (NASDAQ:KLAC)

Goodman Advisory Group LLC bought a new position in shares of KLA Co. (NASDAQ:KLAC) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 134 shares of the semiconductor company’s stock, valued at approximately $104,000.

A number of other large investors have also added to or reduced their stakes in the company. State Street Corp grew its position in shares of KLA by 2.5% during the third quarter. State Street Corp now owns 5,979,293 shares of the semiconductor company’s stock worth $4,630,424,000 after acquiring an additional 145,317 shares during the last quarter. Mizuho Securities USA LLC raised its position in shares of KLA by 32,828.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock worth $2,647,708,000 after buying an additional 3,408,617 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of KLA by 1.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,811,766 shares of the semiconductor company’s stock worth $2,318,329,000 after acquiring an additional 28,172 shares during the period. Van ECK Associates Corp boosted its holdings in shares of KLA by 25.7% in the third quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock valued at $1,083,684,000 after acquiring an additional 286,015 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in KLA by 1.9% during the second quarter. Legal & General Group Plc now owns 1,163,958 shares of the semiconductor company’s stock worth $959,695,000 after purchasing an additional 21,412 shares in the last quarter. 86.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Wells Fargo & Company lowered their price target on KLA from $870.00 to $800.00 and set an “overweight” rating on the stock in a research report on Friday. Morgan Stanley reduced their price objective on shares of KLA from $746.00 to $703.00 and set an “equal weight” rating for the company in a research report on Thursday, December 5th. Needham & Company LLC reissued a “hold” rating on shares of KLA in a research note on Thursday, October 31st. Cantor Fitzgerald restated a “neutral” rating and issued a $925.00 price target on shares of KLA in a research report on Tuesday, October 8th. Finally, TD Cowen cut their price objective on KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, KLA has an average rating of “Moderate Buy” and an average target price of $812.30.

KLA Stock Performance

NASDAQ KLAC opened at $652.37 on Tuesday. The company’s fifty day moving average is $684.86 and its two-hundred day moving average is $753.35. The firm has a market capitalization of $87.26 billion, a price-to-earnings ratio of 29.79, a P/E/G ratio of 1.38 and a beta of 1.28. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.13 and a quick ratio of 1.48. KLA Co. has a 52-week low of $542.41 and a 52-week high of $896.32.

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. The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.75 billion. KLA had a return on equity of 105.16% and a net margin of 28.92%. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the previous year, the company posted $5.74 earnings per share. Equities research analysts forecast that KLA Co. will post 30.61 EPS for the current year.

KLA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were given a $1.70 dividend. This is a boost from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend was Monday, November 18th. KLA’s dividend payout ratio (DPR) is 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.