Trustmark National Bank Trust Department Has $453,000 Stock Holdings in KLA Co. (NASDAQ:KLAC)

Trustmark National Bank Trust Department cut its stake in KLA Co. (NASDAQ:KLAC) by 6.1% in the third quarter, Holdings Channel.com reports. The firm owned 585 shares of the semiconductor company’s stock after selling 38 shares during the period. Trustmark National Bank Trust Department’s holdings in KLA were worth $453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of KLAC. Mizuho Securities USA LLC increased its position in shares of KLA by 32,828.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock worth $2,647,708,000 after purchasing an additional 3,408,617 shares in the last quarter. Swedbank AB bought a new position in KLA during the 1st quarter worth approximately $379,678,000. International Assets Investment Management LLC boosted its stake in KLA by 76,452.4% during the 3rd quarter. International Assets Investment Management LLC now owns 302,382 shares of the semiconductor company’s stock worth $234,168,000 after acquiring an additional 301,987 shares during the last quarter. Van ECK Associates Corp lifted its stake in KLA by 25.7% in the third quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock valued at $1,083,684,000 after buying an additional 286,015 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in KLA by 6,188.5% in the third quarter. Assenagon Asset Management S.A. now owns 239,404 shares of the semiconductor company’s stock valued at $185,397,000 after buying an additional 235,597 shares in the last quarter. 86.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Barclays lowered their price objective on shares of KLA from $800.00 to $750.00 and set an “equal weight” rating on the stock in a report on Thursday, October 31st. Oppenheimer raised shares of KLA from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $750.00 to $850.00 in a report on Thursday, October 31st. The Goldman Sachs Group upped their price objective on KLA from $735.00 to $838.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Wells Fargo & Company cut their price target on KLA from $950.00 to $870.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Finally, Argus increased their target price on KLA from $800.00 to $875.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $802.90.

KLA Trading Up 2.3 %

KLA stock opened at $631.22 on Friday. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.13 and a quick ratio of 1.48. KLA Co. has a one year low of $527.11 and a one year high of $896.32. The stock has a market capitalization of $84.43 billion, a PE ratio of 28.82, a price-to-earnings-growth ratio of 1.30 and a beta of 1.29. The business’s fifty day moving average is $712.59 and its 200 day moving average is $760.85.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, topping 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 firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.75 billion. During the same quarter last year, the company earned $5.74 earnings per share. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. On average, sell-side analysts predict that KLA Co. will post 30.91 EPS for the current year.

KLA Increases Dividend

The company 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 is an increase from KLA’s previous quarterly dividend of $1.45. The ex-dividend date is Monday, November 18th. This represents a $6.80 dividend on an annualized basis and a yield of 1.08%. KLA’s payout ratio is presently 31.05%.

KLA 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.