Zurcher Kantonalbank Zurich Cantonalbank Has $23.84 Million Holdings in KLA Co. (NASDAQ:KLAC)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of KLA Co. (NASDAQ:KLAC) by 0.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,784 shares of the semiconductor company’s stock after buying an additional 49 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in KLA were worth $23,839,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of KLAC. Swedbank AB grew its holdings in KLA by 0.4% during the 3rd quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock worth $426,660,000 after acquiring an additional 2,019 shares during the period. Community Financial Services Group LLC boosted its position in shares of KLA by 538.5% in the 3rd quarter. Community Financial Services Group LLC now owns 7,445 shares of the semiconductor company’s stock worth $5,765,000 after purchasing an additional 6,279 shares during the last quarter. Eastern Bank boosted its position in shares of KLA by 655.8% in the 3rd quarter. Eastern Bank now owns 27,368 shares of the semiconductor company’s stock worth $21,194,000 after purchasing an additional 23,747 shares during the last quarter. ING Groep NV grew its stake in shares of KLA by 52.4% during the third quarter. ING Groep NV now owns 79,763 shares of the semiconductor company’s stock worth $61,769,000 after purchasing an additional 27,436 shares during the period. Finally, Generate Investment Management Ltd lifted its stake in KLA by 39.0% in the third quarter. Generate Investment Management Ltd now owns 5,882 shares of the semiconductor company’s stock valued at $4,555,000 after buying an additional 1,651 shares during the period. Institutional investors and hedge funds own 86.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on KLAC shares. UBS Group decreased their target price on KLA from $900.00 to $765.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. Oppenheimer raised shares of KLA from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $750.00 to $850.00 in a research report on Thursday, October 31st. Wells Fargo & Company reduced their price objective on shares of KLA from $950.00 to $870.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. StockNews.com lowered KLA from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Barclays dropped their price objective on shares of KLA from $800.00 to $750.00 and set an “equal weight” rating for the company in a research note on Thursday, October 31st. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, KLA presently has an average rating of “Moderate Buy” and an average target price of $815.55.

KLA Trading Up 2.4 %

Shares of KLAC stock opened at $647.03 on Friday. KLA Co. has a 52-week low of $527.11 and a 52-week high of $896.32. The business’s fifty day moving average is $699.34 and its 200 day moving average is $757.61. 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 company has a market capitalization of $86.55 billion, a PE ratio of 29.54, a price-to-earnings-growth ratio of 1.33 and a beta of 1.29.

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

KLA Increases Dividend

The business also recently disclosed 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 of this dividend is Monday, November 18th. This represents a $6.80 annualized dividend and a dividend yield of 1.05%. This is a boost from KLA’s previous quarterly dividend of $1.45. KLA’s dividend payout ratio (DPR) is 31.05%.

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.