XTX Topco Ltd Boosts Stock Holdings in KLA Co. (NASDAQ:KLAC)

XTX Topco Ltd grew its position in KLA Co. (NASDAQ:KLAC) by 898.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,593 shares of the semiconductor company’s stock after purchasing an additional 3,233 shares during the period. XTX Topco Ltd’s holdings in KLA were worth $2,782,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in KLAC. Swedbank AB increased its stake in KLA by 0.4% in the 3rd quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock valued at $426,660,000 after buying an additional 2,019 shares during the last quarter. Community Financial Services Group LLC boosted its stake in KLA by 538.5% in the third quarter. Community Financial Services Group LLC now owns 7,445 shares of the semiconductor company’s stock valued at $5,765,000 after acquiring an additional 6,279 shares during the last quarter. Eastern Bank grew its position in shares of KLA by 655.8% during the 3rd quarter. Eastern Bank now owns 27,368 shares of the semiconductor company’s stock valued at $21,194,000 after acquiring an additional 23,747 shares during the period. ING Groep NV increased its stake in shares of KLA by 52.4% during the 3rd 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 last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in shares of KLA by 14.1% in the 3rd quarter. Daiwa Securities Group Inc. now owns 33,215 shares of the semiconductor company’s stock worth $25,722,000 after purchasing an additional 4,112 shares during the period. 86.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

KLAC has been the subject of several research reports. Cantor Fitzgerald reissued a “neutral” rating and set a $925.00 price objective on shares of KLA in a report on Tuesday, October 8th. TD Cowen cut their price target on KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Needham & Company LLC restated a “hold” rating on shares of KLA in a research note on Thursday, October 31st. Wells Fargo & Company cut their target price on shares of KLA from $870.00 to $800.00 and set an “overweight” rating for the company in a research report on Friday. Finally, UBS Group lowered their price target on shares of KLA from $900.00 to $765.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. Eight analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, KLA currently has a consensus rating of “Moderate Buy” and an average price target of $812.30.

KLA Stock Up 0.9 %

Shares of NASDAQ KLAC opened at $648.34 on Friday. The company has a current ratio of 2.13, a quick ratio of 1.48 and a debt-to-equity ratio of 1.65. The business has a 50-day moving average of $687.30 and a 200-day moving average of $754.35. The firm has a market capitalization of $86.72 billion, a price-to-earnings ratio of 29.60, a PEG ratio of 1.40 and a beta of 1.27. KLA Co. has a 12 month low of $530.07 and a 12 month high of $896.32.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share for the quarter, beating the consensus estimate of $7.03 by $0.30. KLA had a net margin of 28.92% and a return on equity of 105.16%. The firm had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.75 billion. During the same quarter last year, the company posted $5.74 EPS. The business’s quarterly revenue was up 18.5% on a year-over-year basis. Sell-side analysts expect that KLA Co. will post 30.63 earnings per share for the current fiscal year.

KLA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th were issued a $1.70 dividend. This is a boost from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend was Monday, November 18th. KLA’s dividend 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.