Premier Fund Managers Ltd Boosts Stock Holdings in KLA Co. (NASDAQ:KLAC)

Premier Fund Managers Ltd increased its position in shares of KLA Co. (NASDAQ:KLAC) by 10.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,238 shares of the semiconductor company’s stock after purchasing an additional 2,470 shares during the period. Premier Fund Managers Ltd’s holdings in KLA were worth $8,801,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in KLA by 0.9% during the third quarter. BlackRock Inc. now owns 11,278,039 shares of the semiconductor company’s stock worth $3,772,616,000 after purchasing an additional 105,582 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in KLA by 12.8% during the second quarter. Price T Rowe Associates Inc. MD now owns 4,558,166 shares of the semiconductor company’s stock worth $1,477,803,000 after purchasing an additional 516,588 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in KLA by 1.7% during the second quarter. Bank of New York Mellon Corp now owns 2,062,461 shares of the semiconductor company’s stock worth $668,669,000 after purchasing an additional 33,521 shares in the last quarter. Bank of America Corp DE raised its holdings in KLA by 1.1% during the second quarter. Bank of America Corp DE now owns 1,620,538 shares of the semiconductor company’s stock worth $525,395,000 after purchasing an additional 16,896 shares in the last quarter. Finally, State Farm Mutual Automobile Insurance Co. raised its holdings in KLA by 5.6% during the third quarter. State Farm Mutual Automobile Insurance Co. now owns 1,325,609 shares of the semiconductor company’s stock worth $443,429,000 after purchasing an additional 69,873 shares in the last quarter. 85.53% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently issued reports on the stock. Barclays increased their price target on shares of KLA from $350.00 to $425.00 and gave the stock an “equal weight” rating in a report on Wednesday. Susquehanna Bancshares increased their target price on shares of KLA from $475.00 to $490.00 and gave the company a “positive” rating in a report on Thursday, October 28th. Stifel Nicolaus increased their target price on shares of KLA from $403.00 to $440.00 and gave the company a “buy” rating in a report on Thursday, October 28th. Cowen increased their target price on shares of KLA from $355.00 to $375.00 and gave the company a “market perform” rating in a report on Thursday, October 28th. Finally, Susquehanna increased their target price on shares of KLA from $475.00 to $490.00 and gave the company a “positive” rating in a report on Thursday, October 28th. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, KLA currently has a consensus rating of “Buy” and a consensus price target of $437.35.

In other KLA news, CFO Bren D. Higgins sold 3,883 shares of KLA stock in a transaction on Thursday, November 18th. The shares were sold at an average price of $422.59, for a total value of $1,640,916.97. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Ahmad A. Khan sold 885 shares of KLA stock in a transaction on Thursday, November 18th. The shares were sold at an average price of $422.59, for a total transaction of $373,992.15. The disclosure for this sale can be found here. 0.16% of the stock is currently owned by company insiders.

NASDAQ KLAC traded up $13.03 during mid-day trading on Friday, reaching $434.51. 36,178 shares of the stock were exchanged, compared to its average volume of 1,211,967. KLA Co. has a 1-year low of $273.24 and a 1-year high of $457.12. The business’s fifty day simple moving average is $415.39 and its 200 day simple moving average is $363.61. The stock has a market capitalization of $65.88 billion, a PE ratio of 24.35, a PEG ratio of 1.14 and a beta of 1.21. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.76 and a current ratio of 2.44.

KLA (NASDAQ:KLAC) last announced its earnings results on Tuesday, October 26th. The semiconductor company reported $4.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.52 by $0.12. KLA had a net margin of 36.52% and a return on equity of 75.15%. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same quarter last year, the business earned $3.03 earnings per share. KLA’s revenue was up 35.4% compared to the same quarter last year. On average, analysts anticipate that KLA Co. will post 21.18 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 1st. Investors of record on Monday, November 15th were given a dividend of $1.05 per share. The ex-dividend date of this dividend was Friday, November 12th. This represents a $4.20 dividend on an annualized basis and a yield of 0.97%. KLA’s dividend payout ratio (DPR) is currently 23.78%.

KLA Company Profile

KLA Corp. engages in the supply of process control and yield management solutions for the semiconductor and related nano-electronics industries. The company operates through the following segments; Semiconductor Process Control, Specialty Semiconductor Process, PCB, Display & Component Inspection and Other.

Featured Story: Trading Stocks – What are percentage gainers?

Want to see what other hedge funds are holding KLAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KLA Co. (NASDAQ:KLAC).

Institutional Ownership by Quarter for KLA (NASDAQ:KLAC)

Receive News & Ratings for KLA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLA and related companies with MarketBeat.com's FREE daily email newsletter.