Claro Advisors LLC Buys 186 Shares of KLA Co. (NASDAQ:KLAC)

Claro Advisors LLC increased its stake in shares of KLA Co. (NASDAQ:KLAC) by 7.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,695 shares of the semiconductor company’s stock after acquiring an additional 186 shares during the period. Claro Advisors LLC’s holdings in KLA were worth $2,087,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of KLAC. Capital Market Strategies LLC grew its holdings in shares of KLA by 1.6% during the 2nd quarter. Capital Market Strategies LLC now owns 808 shares of the semiconductor company’s stock valued at $666,000 after purchasing an additional 13 shares during the last quarter. CVA Family Office LLC boosted its position in KLA by 3.7% in the third quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company’s stock valued at $283,000 after buying an additional 13 shares in the last quarter. HBW Advisory Services LLC grew its stake in shares of KLA by 2.6% during the second quarter. HBW Advisory Services LLC now owns 548 shares of the semiconductor company’s stock worth $452,000 after buying an additional 14 shares during the last quarter. TIAA Trust National Association increased its holdings in shares of KLA by 0.4% during the second quarter. TIAA Trust National Association now owns 3,249 shares of the semiconductor company’s stock worth $2,679,000 after buying an additional 14 shares in the last quarter. 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 valued at $467,000 after acquiring an additional 15 shares during the last quarter. 86.65% of the stock is owned by institutional investors and hedge funds.

KLA Price Performance

Shares of KLAC opened at $614.46 on Friday. The business’s 50 day moving average price is $721.02 and its two-hundred day moving average price is $763.10. The firm has a market cap of $82.19 billion, a PE ratio of 28.06, a price-to-earnings-growth 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. KLA Co. has a 52-week low of $527.11 and a 52-week high of $896.32.

KLA (NASDAQ:KLAC) last issued its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, beating the consensus estimate of $7.03 by $0.30. KLA had a return on equity of 105.16% and a net margin of 28.92%. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.75 billion. During the same period last year, the business posted $5.74 EPS. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. On average, equities 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. Shareholders of record on Monday, November 18th will be paid a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 1.11%. This is a positive change from KLA’s previous quarterly dividend of $1.45. The ex-dividend date is Monday, November 18th. KLA’s dividend payout ratio (DPR) is 26.48%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $925.00 target price on shares of KLA in a report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft lowered their price objective on KLA from $890.00 to $750.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Argus lifted their target price on shares of KLA from $800.00 to $875.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Susquehanna decreased their price target on shares of KLA from $680.00 to $675.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. Finally, Oppenheimer upgraded shares of KLA from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $750.00 to $850.00 in a report on Thursday, October 31st. Eight analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, KLA presently has a consensus rating of “Moderate Buy” and an average price target 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.