Harbor Capital Advisors Inc. Has $928,000 Holdings in KLA Co. (NASDAQ:KLAC)

Harbor Capital Advisors Inc. lifted its position in shares of KLA Co. (NASDAQ:KLAC) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,473 shares of the semiconductor company’s stock after purchasing an additional 40 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in KLA were worth $928,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Ridgewood Investments LLC lifted its stake in shares of KLA by 67.6% in the fourth quarter. Ridgewood Investments LLC now owns 491 shares of the semiconductor company’s stock valued at $309,000 after buying an additional 198 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in KLA by 1.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 22,223 shares of the semiconductor company’s stock valued at $14,003,000 after acquiring an additional 210 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV boosted its stake in KLA by 3.7% during the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 21,203 shares of the semiconductor company’s stock valued at $13,360,000 after purchasing an additional 748 shares during the last quarter. First Hawaiian Bank increased its holdings in KLA by 26.6% during the 4th quarter. First Hawaiian Bank now owns 1,253 shares of the semiconductor company’s stock worth $790,000 after purchasing an additional 263 shares in the last quarter. Finally, Fulton Bank N.A. raised its stake in shares of KLA by 0.6% in the fourth quarter. Fulton Bank N.A. now owns 13,677 shares of the semiconductor company’s stock worth $8,618,000 after purchasing an additional 81 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors.

KLA Trading Up 1.2 %

NASDAQ KLAC opened at $690.99 on Tuesday. The firm has a market cap of $92.43 billion, a PE ratio of 31.55, a price-to-earnings-growth ratio of 1.39 and a beta of 1.27. KLA Co. has a 1-year low of $552.85 and a 1-year high of $896.32. The stock has a 50-day moving average of $650.82 and a 200-day moving average of $727.43. The company has a current ratio of 2.13, a quick ratio of 1.48 and a debt-to-equity ratio of 1.65.

KLA (NASDAQ:KLAC) last posted its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, beating analysts’ consensus estimates of $7.03 by $0.30. The company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.75 billion. KLA had a net margin of 28.92% and a return on equity of 105.16%. The firm’s revenue was up 18.5% compared to the same quarter last year. During the same period in the prior year, the business posted $5.74 EPS. As a group, sell-side analysts forecast that KLA Co. will post 30.61 EPS for the current year.

KLA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were issued a $1.70 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.80 annualized dividend and a yield of 0.98%. This is a boost from KLA’s previous quarterly dividend of $1.45. KLA’s payout ratio is 31.05%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on KLAC. StockNews.com lowered KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Morgan Stanley dropped their price target on shares of KLA from $746.00 to $703.00 and set an “equal weight” rating on the stock in a research report on Thursday, December 5th. Oppenheimer raised shares of KLA from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $750.00 to $850.00 in a research report on Thursday, October 31st. Needham & Company LLC raised shares of KLA from a “hold” rating to a “buy” rating and set a $750.00 target price on the stock in a research report on Monday. Finally, Wells Fargo & Company reduced their target price on KLA from $800.00 to $795.00 and set an “overweight” rating for the company in a report on Monday. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $809.10.

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.