Zions Bancorporation N.A. Has $866,000 Stock Position in KLA Co. (NASDAQ:KLAC)

Zions Bancorporation N.A. trimmed its position in KLA Co. (NASDAQ:KLAC) by 12.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,118 shares of the semiconductor company’s stock after selling 159 shares during the period. Zions Bancorporation N.A.’s holdings in KLA were worth $866,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of KLAC. Avantax Advisory Services Inc. raised its holdings in shares of KLA by 2.2% during the first quarter. Avantax Advisory Services Inc. now owns 1,424 shares of the semiconductor company’s stock valued at $995,000 after purchasing an additional 31 shares during the period. Kingsview Wealth Management LLC lifted its stake in KLA by 6.3% during the first quarter. Kingsview Wealth Management LLC now owns 4,214 shares of the semiconductor company’s stock worth $2,944,000 after purchasing an additional 251 shares during the last quarter. Trillium Asset Management LLC bought a new stake in KLA during the 1st quarter valued at $204,000. Dorsey & Whitney Trust CO LLC lifted its position in shares of KLA by 5.4% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 994 shares of the semiconductor company’s stock worth $694,000 after purchasing an additional 51 shares during the period. Finally, Alera Investment Advisors LLC purchased a new position in shares of KLA during the first quarter valued at approximately $224,000. 86.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on KLAC shares. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $925.00 price objective on shares of KLA in a research note on Tuesday, October 8th. JPMorgan Chase & Co. lifted their price target on KLA from $800.00 to $950.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Susquehanna dropped their price objective on shares of KLA from $680.00 to $675.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. Citigroup cut their price target on KLA from $960.00 to $900.00 and set a “buy” rating on the stock in a research note on Monday, September 16th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of KLA in a report on Thursday, October 31st. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, KLA currently has a consensus rating of “Moderate Buy” and an average target price of $802.90.

KLA Trading Up 0.1 %

NASDAQ KLAC opened at $645.00 on Friday. The company has a market capitalization of $86.28 billion, a PE ratio of 29.45, a P/E/G ratio of 1.36 and a beta of 1.29. KLA Co. has a 12 month low of $527.11 and a 12 month high of $896.32. The stock has a 50-day simple moving average of $724.45 and a 200 day simple moving average of $764.10. The company has a current ratio of 2.13, a quick ratio of 1.48 and a debt-to-equity ratio of 1.65.

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

KLA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Monday, November 18th will be paid a dividend of $1.70 per share. The ex-dividend date is Monday, November 18th. This represents a $6.80 annualized dividend and a yield of 1.05%. This is a boost from KLA’s previous quarterly dividend of $1.45. KLA’s dividend payout ratio (DPR) is currently 26.48%.

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.