Invesco LLC Has $1.21 Million Stock Position in KLA Co. (NASDAQ:KLAC)

Invesco LLC reduced its stake in shares of KLA Co. (NASDAQ:KLAC) by 1.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,926 shares of the semiconductor company’s stock after selling 33 shares during the quarter. Invesco LLC’s holdings in KLA were worth $1,214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Swedbank AB increased its holdings in shares of KLA by 10.7% during the 4th quarter. Swedbank AB now owns 610,049 shares of the semiconductor company’s stock worth $384,404,000 after purchasing an additional 59,100 shares during the period. Allen Capital Group LLC acquired a new position in KLA in the 4th quarter valued at approximately $2,132,000. Orca Wealth Management LLC acquired a new position in KLA in the 4th quarter valued at approximately $203,000. BSW Wealth Partners grew its holdings in shares of KLA by 8.4% during the 4th quarter. BSW Wealth Partners now owns 387 shares of the semiconductor company’s stock worth $244,000 after purchasing an additional 30 shares in the last quarter. Finally, Bensler LLC increased its position in shares of KLA by 3.5% during the fourth quarter. Bensler LLC now owns 18,958 shares of the semiconductor company’s stock valued at $11,946,000 after purchasing an additional 649 shares during the period. 86.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on KLAC. Morgan Stanley reduced their target price on KLA from $746.00 to $703.00 and set an “equal weight” rating for the company in a research report on Thursday, December 5th. Barclays decreased their target price on shares of KLA from $750.00 to $700.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Needham & Company LLC raised shares of KLA from a “hold” rating to a “buy” rating and set a $750.00 price target for the company in a research report on Monday, January 13th. UBS Group lifted their price objective on KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. Finally, Susquehanna increased their target price on KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, KLA has an average rating of “Moderate Buy” and a consensus target price of $812.47.

KLA Trading Up 1.7 %

Shares of KLA stock traded up $11.95 during trading hours on Wednesday, hitting $714.87. The company’s stock had a trading volume of 83,200 shares, compared to its average volume of 1,230,730. The company has a market capitalization of $95.62 billion, a PE ratio of 32.68, a price-to-earnings-growth ratio of 1.66 and a beta of 1.27. 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 stock has a 50 day moving average of $669.84 and a 200 day moving average of $718.54. KLA Co. has a 12 month low of $581.70 and a 12 month high of $896.32.

KLA (NASDAQ:KLAC) last posted its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.03 by $0.30. The business had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.75 billion. KLA had a return on equity of 105.16% and a net margin of 28.92%. KLA’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period in the prior year, the business earned $5.74 EPS. Analysts predict that KLA Co. will post 30.34 earnings per share for the current year.

KLA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were issued a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.95%. This is a positive change from KLA’s previous quarterly dividend of $1.45. The ex-dividend date was Monday, November 18th. KLA’s dividend payout ratio (DPR) is presently 31.05%.

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.