Fiera Capital Corp Sells 4,782 Shares of KLA Co. (NASDAQ:KLAC)

Fiera Capital Corp lowered its stake in KLA Co. (NASDAQ:KLAC) by 55.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,903 shares of the semiconductor company’s stock after selling 4,782 shares during the quarter. Fiera Capital Corp’s holdings in KLA were worth $3,023,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of KLA by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 13,112,261 shares of the semiconductor company’s stock worth $9,159,832,000 after purchasing an additional 76,226 shares during the period. Massachusetts Financial Services Co. MA lifted 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 buying an additional 28,172 shares during the period. Price T Rowe Associates Inc. MD boosted its position in KLA by 2.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,618,709 shares of the semiconductor company’s stock valued at $1,829,352,000 after acquiring an additional 71,289 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of 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 period. Finally, Legal & General Group Plc raised its position in shares of KLA by 1.9% in the 2nd quarter. Legal & General Group Plc now owns 1,163,958 shares of the semiconductor company’s stock worth $959,695,000 after acquiring an additional 21,412 shares in the last quarter. Institutional investors own 86.65% of the company’s stock.

KLA Stock Up 0.2 %

Shares of KLA stock opened at $687.41 on Friday. 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 $505.50 and a twelve month high of $896.32. The company has a market cap of $91.95 billion, a price-to-earnings ratio of 31.39, a price-to-earnings-growth ratio of 1.41 and a beta of 1.29. The company’s 50 day moving average is $731.06 and its 200 day moving average is $763.72.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, topping the consensus estimate 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%. KLA’s revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.74 earnings per share. Research analysts anticipate that KLA Co. will post 30.91 EPS for the current year.

KLA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th will be paid a $1.70 dividend. This represents a $6.80 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Monday, November 18th. This is a boost from KLA’s previous quarterly dividend of $1.45. KLA’s dividend payout ratio is 26.48%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Stifel Nicolaus upped their price target on KLA from $760.00 to $875.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Needham & Company LLC reaffirmed a “hold” rating on shares of KLA in a research report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft lowered their price target 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. The Goldman Sachs Group upped their price objective on shares of KLA from $735.00 to $838.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Finally, Oppenheimer raised shares of KLA from a “market perform” rating to an “outperform” rating and raised their target price for the company from $750.00 to $850.00 in a research note on Thursday, October 31st. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $802.90.

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.