Mutual of America Capital Management LLC Has $12.82 Million Stock Position in KLA Co. (NASDAQ:KLAC)

Mutual of America Capital Management LLC cut its position in KLA Co. (NASDAQ:KLAC) by 2.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 16,552 shares of the semiconductor company’s stock after selling 428 shares during the quarter. Mutual of America Capital Management LLC’s holdings in KLA were worth $12,818,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Family Firm Inc. acquired a new position in shares of KLA during the second quarter worth approximately $30,000. Capital Performance Advisors LLP bought a new position in KLA during the third quarter worth $38,000. 1620 Investment Advisors Inc. acquired a new position in KLA during the 2nd quarter valued at $44,000. LRI Investments LLC bought a new stake in KLA in the 1st quarter valued at $46,000. Finally, Olistico Wealth LLC acquired a new stake in KLA in the 2nd quarter worth $53,000. Institutional investors own 86.65% of the company’s stock.

KLA Price Performance

Shares of KLAC stock opened at $614.46 on Monday. KLA Co. has a 52 week low of $527.11 and a 52 week high of $896.32. The stock has a market capitalization of $82.19 billion, a PE ratio of 28.06, a PEG ratio of 1.29 and a beta of 1.29. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.48 and a current ratio of 2.13. The stock’s fifty day moving average is $721.02 and its 200-day moving average is $763.10.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share for the quarter, beating the consensus estimate of $7.03 by $0.30. KLA had a net margin of 28.92% and a return on equity of 105.16%. The firm had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.75 billion. During the same quarter last year, the company posted $5.74 EPS. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. Equities research analysts expect that KLA Co. will post 30.91 EPS for the current fiscal year.

KLA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th will be given a dividend of $1.70 per share. The ex-dividend date is Monday, November 18th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 1.11%. This is an increase from KLA’s previous quarterly dividend of $1.45. KLA’s payout ratio is presently 26.48%.

Analysts Set New Price Targets

A number of research analysts have recently commented on KLAC shares. The Goldman Sachs Group upped their price objective on shares of KLA from $735.00 to $838.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. raised their price objective on KLA from $800.00 to $950.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft decreased their price objective on KLA from $890.00 to $750.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Oppenheimer upgraded KLA from a “market perform” rating to an “outperform” rating and upped their target price for the company from $750.00 to $850.00 in a research note on Thursday, October 31st. Finally, StockNews.com upgraded shares of KLA from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $802.90.

KLA Company 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.