KLA Corporation $KLAC Stock Holdings Raised by Keybank National Association OH

Keybank National Association OH grew its holdings in KLA Corporation (NASDAQ:KLAC) by 15.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 56,947 shares of the semiconductor company’s stock after acquiring an additional 7,445 shares during the quarter. Keybank National Association OH’s holdings in KLA were worth $11,101,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. McIlrath & Eck LLC increased its stake in shares of KLA by 6.8% in the first quarter. McIlrath & Eck LLC now owns 94 shares of the semiconductor company’s stock worth $139,000 after purchasing an additional 6 shares during the period. Cornerstone Planning Group LLC boosted its stake in KLA by 36.4% during the 1st quarter. Cornerstone Planning Group LLC now owns 60 shares of the semiconductor company’s stock valued at $88,000 after purchasing an additional 16 shares during the period. Capital Advisors Wealth Management LLC boosted its stake in KLA by 2.2% during the 3rd quarter. Capital Advisors Wealth Management LLC now owns 2,656 shares of the semiconductor company’s stock valued at $518,000 after purchasing an additional 58 shares during the period. Venture Visionary Partners LLC boosted its stake in KLA by 3.7% during the 3rd quarter. Venture Visionary Partners LLC now owns 1,923 shares of the semiconductor company’s stock valued at $375,000 after purchasing an additional 68 shares during the period. Finally, Bullock Wealth Management Group grew its holdings in KLA by 3.1% in the 3rd quarter. Bullock Wealth Management Group now owns 2,365 shares of the semiconductor company’s stock valued at $474,000 after buying an additional 70 shares during the last quarter. 86.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other KLA news, CEO Richard Wallace sold 72,019 shares of KLA stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $171.88, for a total transaction of $12,378,625.72. Following the sale, the chief executive officer owned 706,925 shares in the company, valued at $121,506,269. The trade was a 9.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 79.39% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have commented on the company. Evercore reaffirmed an “outperform” rating and issued a $185.00 price target on shares of KLA in a research report on Thursday, October 29th. Wells Fargo & Company reduced their price objective on KLA from $245.00 to $210.00 and set an “overweight” rating for the company in a research report on Thursday, October 29th. Sanford C. Bernstein reissued an “outperform” rating and issued a $225.00 price objective on shares of KLA in a research report on Wednesday, July 29th. Stifel Nicolaus set a $230.00 price objective on shares of KLA and gave the stock a “buy” rating in a research note on Thursday, October 29th. Finally, Barclays reaffirmed an “overweight” rating and set a $225.00 target price on shares of KLA in a research report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, KLA has an average rating of “Moderate Buy” and a consensus target price of $220.35.

KLA Price Performance

Shares of KLAC stock opened at $157.30 on Friday. The stock has a 50 day moving average of $173.40 and a two-hundred day moving average of $181.75. The company has a current ratio of 2.76, a quick ratio of 1.86 and a debt-to-equity ratio of 0.88. KLA Corporation has a 12 month low of $107.20 and a 12 month high of $307.37. The company has a market capitalization of $204.96 billion, a P/E ratio of 39.33, a P/E/G ratio of 1.32 and a beta of 1.49.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data on Wednesday, October 28th. The semiconductor company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.04. The company had revenue of $4.14 billion for the quarter, compared to analyst estimates of $4.04 billion. KLA had a return on equity of 89.30% and a net margin of 36.25%. KLA’s revenue for the quarter was up 28.9% compared to the same quarter last year. During the same quarter last year, the firm earned $8.47 EPS. As a group, equities analysts expect that KLA Corporation will post 5.73 EPS for the current year.

KLA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Monday, November 16th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Monday, November 16th. KLA’s dividend payout ratio (DPR) is 23.00%.

About KLA

KLA Corporation develops process-control and yield-management technologies used in the manufacture of semiconductors and other electronic products. Its systems help manufacturers detect defects, measure features and monitor production processes as they make increasingly complex devices. The company’s products include inspection and metrology equipment, as well as software and related services. Its technologies support multiple stages of semiconductor production, from work on wafers and reticles to advanced packaging.