Meeder Asset Administration Inc. trimmed its holdings in KLA Co. (NASDAQ:KLAC – Free Report) by 97.7% through the third quarter, HoldingsChannel.com experiences. The fund owned 91 shares of the semiconductor firm’s inventory after promoting 3,900 shares through the interval. Meeder Asset Administration Inc.’s holdings in KLA have been price $70,000 as of its most up-to-date submitting with the Securities and Trade Fee (SEC).
A lot of different institutional buyers have additionally modified their holdings of the enterprise. Capital Market Methods LLC elevated its holdings in shares of KLA by 1.6% within the 2nd quarter. Capital Market Methods LLC now owns 808 shares of the semiconductor firm’s inventory valued at $666,000 after buying an extra 13 shares through the interval. CVA Household Workplace LLC elevated its holdings in shares of KLA by 3.7% within the third quarter. CVA Household Workplace LLC now owns 366 shares of the semiconductor firm’s inventory valued at $283,000 after buying an extra 13 shares through the interval. HBW Advisory Providers LLC elevated its holdings in shares of KLA by 2.6% within the 2nd quarter. HBW Advisory Providers LLC now owns 548 shares of the semiconductor firm’s inventory valued at $452,000 after buying an extra 14 shares through the interval. TIAA Belief Nationwide Affiliation elevated its stake in KLA by 0.4% within the 2nd quarter. TIAA Belief Nationwide Affiliation now owns 3,249 shares of the semiconductor firm’s inventory valued at $2,679,000 after shopping for an extra 14 shares through the interval. Lastly, AA Monetary Advisors LLC elevated its stake in KLA by 2.7% within the 2nd quarter. AA Monetary Advisors LLC now owns 567 shares of the semiconductor firm’s inventory valued at $467,000 after shopping for an extra 15 shares through the interval. 86.65% of the inventory is owned by institutional buyers and hedge funds.
Analysts Set New Worth Targets
A number of equities analysts have issued experiences on the inventory. Wells Fargo & Firm dropped their worth goal on shares of KLA from $950.00 to $870.00 and set an “chubby” ranking on the inventory in a analysis word on Thursday, October third. StockNews.com raised shares of KLA from a “maintain” ranking to a “purchase” ranking in a analysis word on Friday, November 1st. Susquehanna dropped their worth goal on shares of KLA from $680.00 to $675.00 and set a “impartial” ranking on the inventory in a analysis word on Friday, October eleventh. TD Cowen lowered their worth goal on shares of KLA from $760.00 to $725.00 and set a “maintain” ranking on the inventory in a analysis word on Thursday, October thirty first. Lastly, UBS Group lowered their worth goal on shares of KLA from $900.00 to $765.00 and set a “impartial” ranking on the inventory in a analysis word on Thursday, September twelfth. Eight equities analysis analysts have rated the inventory with a maintain ranking and fifteen have issued a purchase ranking to the corporate. Primarily based on knowledge from MarketBeat.com, the corporate presently has a median ranking of “Average Purchase” and a consensus worth goal of $802.90.
KLA Buying and selling Up 0.2 %
Shares of KLAC inventory opened at $616.83 on Thursday. The agency has a market cap of $82.51 billion, a P/E ratio of 28.17, a PEG ratio of 1.29 and a beta of 1.29. KLA Co. has a 1-year low of $527.11 and a 1-year excessive of $896.32. The corporate has a debt-to-equity ratio of 1.65, a present ratio of two.13 and a fast ratio of 1.48. The agency’s 50-day easy shifting common is $717.28 and its 200-day easy shifting common is $762.78.
KLA (NASDAQ:KLAC – Get Free Report) final introduced its quarterly earnings knowledge on Wednesday, October thirtieth. The semiconductor firm reported $7.33 earnings per share for the quarter, topping the consensus estimate of $7.03 by $0.30. The enterprise had income of $2.84 billion for the quarter, in comparison with analyst estimates of $2.75 billion. KLA had a web margin of 28.92% and a return on fairness of 105.16%. The corporate’s income was up 18.5% on a year-over-year foundation. Throughout the identical interval within the prior yr, the agency posted $5.74 EPS. As a bunch, equities analysts forecast that KLA Co. will submit 30.91 EPS for the present yr.
KLA Will increase Dividend
The enterprise additionally lately disclosed a quarterly dividend, which will likely be paid on Tuesday, December third. Stockholders of file on Monday, November 18th will likely be issued a dividend of $1.70 per share. This can be a constructive change from KLA’s earlier quarterly dividend of $1.45. This represents a $6.80 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Monday, November 18th. KLA’s dividend payout ratio is presently 31.05%.
KLA Firm Profile
KLA Company, along with its subsidiaries, engages within the design, manufacture, and advertising and marketing of course of management, process-enabling, and yield administration options for the semiconductor and associated electronics industries worldwide. It operates via three segments: Semiconductor Course of Management; Specialty Semiconductor Course of; and PCB and Element Inspection.
Additional Studying
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