KLA Co. (NASDAQ:KLAC) Shares Sold by Larson Financial Group LLC

Larson Financial Group LLC cut its stake in KLA Co. (NASDAQ:KLAC) by 20.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 541 shares of the semiconductor company’s stock after selling 143 shares during the period. Larson Financial Group LLC’s holdings in KLA were worth $419,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Family Firm Inc. acquired a new stake in shares of KLA in the 2nd quarter worth about $30,000. Capital Performance Advisors LLP acquired a new stake in shares of KLA in the third quarter valued at approximately $38,000. 1620 Investment Advisors Inc. bought a new stake in shares of KLA during the second quarter valued at approximately $44,000. LRI Investments LLC acquired a new position in shares of KLA during the first quarter worth approximately $45,000. Finally, Olistico Wealth LLC bought a new position in KLA in the 2nd quarter worth approximately $53,000. 86.65% of the stock is owned by institutional investors and hedge funds.

KLA Stock Down 2.0 %

KLAC stock opened at $631.47 on Wednesday. The company’s 50 day simple moving average is $706.36 and its 200-day simple moving average is $759.85. KLA Co. has a 52-week low of $527.11 and a 52-week 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. The firm has a market capitalization of $84.47 billion, a P/E ratio of 28.83, a P/E/G ratio of 1.35 and a beta of 1.29.

KLA (NASDAQ:KLAC) last released its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share (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 return on equity of 105.16% and a net margin of 28.92%. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.74 earnings per share. As a group, equities research analysts anticipate that KLA Co. will post 30.91 EPS for the current year.

KLA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th will be issued a $1.70 dividend. This is an increase from KLA’s previous quarterly dividend of $1.45. The ex-dividend date is Monday, November 18th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 1.08%. KLA’s dividend payout ratio is currently 31.05%.

Analysts Set New Price Targets

Several analysts have weighed in on KLAC shares. Wells Fargo & Company cut their target price on KLA from $950.00 to $870.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. TD Cowen cut their price objective on shares of KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft decreased their target price on shares of KLA from $890.00 to $750.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Oppenheimer upgraded shares of KLA from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $750.00 to $850.00 in a research report on Thursday, October 31st. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $925.00 price objective on shares of KLA in a report on Tuesday, October 8th. Seven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $815.55.

KLA 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.