KLA Co. (NASDAQ:KLAC) Shares Bought by MWA Asset Management

MWA Asset Management increased its position in KLA Co. (NASDAQ:KLAC) by 4.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 643 shares of the semiconductor company’s stock after purchasing an additional 29 shares during the quarter. MWA Asset Management’s holdings in KLA were worth $498,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Capital Market Strategies LLC increased its position in shares of KLA by 1.6% in the 2nd quarter. Capital Market Strategies LLC now owns 808 shares of the semiconductor company’s stock worth $666,000 after purchasing an additional 13 shares during the last quarter. CVA Family Office LLC grew its stake in shares of KLA by 3.7% in the third quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company’s stock worth $283,000 after purchasing an additional 13 shares in the last quarter. HBW Advisory Services LLC raised its position in shares of KLA by 2.6% during the 2nd quarter. HBW Advisory Services LLC now owns 548 shares of the semiconductor company’s stock worth $452,000 after buying an additional 14 shares in the last quarter. TIAA Trust National Association lifted its stake in shares of KLA by 0.4% in the 2nd quarter. TIAA Trust National Association now owns 3,249 shares of the semiconductor company’s stock worth $2,679,000 after acquiring an additional 14 shares during the period. Finally, AA Financial Advisors LLC lifted its stake in shares of KLA by 2.7% in the 2nd quarter. AA Financial Advisors LLC now owns 567 shares of the semiconductor company’s stock worth $467,000 after acquiring an additional 15 shares during the period. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on KLAC shares. The Goldman Sachs Group boosted their target price on KLA from $735.00 to $838.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. upped their price objective on KLA from $800.00 to $950.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. StockNews.com raised KLA from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. UBS Group dropped their price target on shares of KLA from $900.00 to $765.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. Finally, TD Cowen reduced their price objective on shares of KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $802.90.

KLA Stock Performance

Shares of KLA stock opened at $615.66 on Wednesday. The stock has a market cap of $82.35 billion, a PE ratio of 28.11, a price-to-earnings-growth ratio of 1.29 and a beta of 1.29. KLA Co. has a 12 month low of $527.11 and a 12 month high of $896.32. The company has a quick ratio of 1.48, a current ratio of 2.13 and a debt-to-equity ratio of 1.65. The business has a fifty day simple moving average of $719.23 and a 200-day simple moving average of $763.35.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, topping analysts’ consensus estimates of $7.03 by $0.30. The firm 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 business’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period last year, the company posted $5.74 EPS. On average, sell-side analysts anticipate that KLA Co. will post 30.91 EPS for the current fiscal year.

KLA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th will be issued a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a dividend yield of 1.10%. This is a positive change from KLA’s previous quarterly dividend of $1.45. The ex-dividend date is Monday, November 18th. KLA’s payout ratio is currently 26.48%.

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.