First Hawaiian Bank Acquires 263 Shares of KLA Co. (NASDAQ:KLAC)

First Hawaiian Bank increased its holdings in KLA Co. (NASDAQ:KLAC) by 26.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,253 shares of the semiconductor company’s stock after buying an additional 263 shares during the period. First Hawaiian Bank’s holdings in KLA were worth $790,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. State Street Corp raised its stake in KLA by 2.5% in the third quarter. State Street Corp now owns 5,979,293 shares of the semiconductor company’s stock worth $4,630,424,000 after buying an additional 145,317 shares in the last quarter. Mizuho Securities USA LLC grew its holdings in 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 purchasing an additional 3,408,617 shares during the last quarter. Geode Capital Management LLC grew its holdings in KLA by 3.0% in the third quarter. Geode Capital Management LLC now owns 3,221,694 shares of the semiconductor company’s stock worth $2,487,971,000 after purchasing an additional 93,743 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in KLA by 1.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,811,766 shares of the semiconductor company’s stock worth $2,318,329,000 after purchasing an additional 28,172 shares during the last quarter. Finally, Van ECK Associates Corp grew its holdings in KLA by 25.7% in the third quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock worth $1,083,684,000 after purchasing an additional 286,015 shares during the last quarter. Institutional investors own 86.65% of the company’s stock.

Analyst Ratings Changes

KLAC has been the topic of several analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of KLA in a report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft cut their price target on shares of KLA from $890.00 to $750.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Cantor Fitzgerald reissued a “neutral” rating and set a $925.00 price objective on shares of KLA in a report on Tuesday, October 8th. TD Cowen dropped their price objective on shares of KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. Finally, The Goldman Sachs Group dropped their price objective on shares of KLA from $850.00 to $759.00 and set a “buy” rating on the stock in a report on Friday. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $812.47.

KLA Trading Down 0.5 %

NASDAQ KLAC opened at $683.06 on Friday. The company has a fifty day moving average of $650.27 and a 200 day moving average of $729.52. The company has a market capitalization of $91.37 billion, a PE ratio of 31.19, a P/E/G ratio of 1.39 and a beta of 1.27. KLA Co. has a 1 year low of $549.63 and a 1 year high of $896.32. 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 (NASDAQ:KLAC) last issued its quarterly earnings data 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. The business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.75 billion. KLA had a net margin of 28.92% and a return on equity of 105.16%. The company’s revenue was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.74 earnings per share. Research analysts forecast that KLA Co. will post 30.61 earnings per share for the current year.

KLA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th were given a $1.70 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 1.00%. This is an increase from KLA’s previous quarterly dividend of $1.45. KLA’s dividend payout ratio 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.