Range Financial Group LLC Acquires 110 Shares of KLA Co. (NASDAQ:KLAC)

Range Financial Group LLC raised its holdings in KLA Co. (NASDAQ:KLAC) by 20.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 660 shares of the semiconductor company’s stock after acquiring an additional 110 shares during the quarter. Range Financial Group LLC’s holdings in KLA were worth $416,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in KLAC. State Street Corp boosted its position in 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 purchasing an additional 145,317 shares during the period. Mizuho Securities USA LLC lifted its stake 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 worth $2,647,708,000 after buying an additional 3,408,617 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of KLA by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 3,221,694 shares of the semiconductor company’s stock worth $2,487,971,000 after buying an additional 93,743 shares during the period. Massachusetts Financial Services Co. MA grew its stake in 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 valued at $2,318,329,000 after buying an additional 28,172 shares during the last quarter. Finally, Van ECK Associates Corp lifted its position 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 worth $1,083,684,000 after acquiring an additional 286,015 shares during the last quarter. 86.65% of the stock is owned by institutional investors.

KLA Trading Down 0.1 %

Shares of KLAC stock opened at $689.30 on Wednesday. The company has a quick ratio of 1.48, a current ratio of 2.13 and a debt-to-equity ratio of 1.65. KLA Co. has a twelve month low of $548.84 and a twelve month high of $896.32. The stock’s fifty day simple moving average is $649.71 and its 200 day simple moving average is $730.91. The firm has a market capitalization of $92.20 billion, a P/E ratio of 31.47, a P/E/G ratio of 1.39 and a beta of 1.27.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share 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 firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.75 billion. During the same period last year, the business posted $5.74 EPS. The business’s revenue was up 18.5% compared to the same quarter last year. As a group, sell-side analysts predict that KLA Co. will post 30.61 EPS for the current fiscal year.

KLA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th were issued a dividend of $1.70 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.80 annualized dividend and a dividend yield of 0.99%. This is a positive change from KLA’s previous quarterly dividend of $1.45. KLA’s dividend payout ratio is currently 31.05%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft cut their price objective on KLA from $890.00 to $750.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Morgan Stanley reduced their price objective on KLA from $746.00 to $703.00 and set an “equal weight” rating for the company in a research report on Thursday, December 5th. StockNews.com cut shares of KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Wells Fargo & Company dropped their price objective on shares of KLA from $870.00 to $800.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. Finally, Susquehanna reduced their target price on shares of KLA from $680.00 to $675.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, KLA presently has a consensus rating of “Moderate Buy” and an average target price of $816.63.

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.