Jaffetilchin Investment Partners LLC Purchases Shares of 792 KLA Co. (NASDAQ:KLAC)

Jaffetilchin Investment Partners LLC acquired a new position in KLA Co. (NASDAQ:KLAC) during the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 792 shares of the semiconductor company’s stock, valued at approximately $614,000.

A number of other large investors have also recently made changes to their positions in the stock. Swedbank AB purchased a new position in KLA during the first quarter valued at approximately $379,678,000. International Assets Investment Management LLC lifted its stake in shares of 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 valued at $234,168,000 after buying an additional 301,987 shares in the last quarter. Van ECK Associates Corp boosted its holdings in KLA by 25.7% in the 3rd quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock worth $1,083,684,000 after buying an additional 286,015 shares during the period. Assenagon Asset Management S.A. raised its holdings in KLA by 6,188.5% during 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 acquiring an additional 235,597 shares during the period. Finally, 1832 Asset Management L.P. lifted its position in shares of KLA by 2,205.8% in the second quarter. 1832 Asset Management L.P. now owns 201,592 shares of the semiconductor company’s stock valued at $166,215,000 after acquiring an additional 192,849 shares in the last quarter. 86.65% of the stock is owned by hedge funds and other institutional investors.

KLA Stock Down 3.1 %

Shares of NASDAQ KLAC opened at $666.03 on Tuesday. The stock has a market capitalization of $89.09 billion, a PE ratio of 30.41, a price-to-earnings-growth ratio of 1.45 and a beta of 1.29. 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 Co. has a 12-month low of $524.03 and a 12-month high of $896.32. The stock’s fifty day simple moving average is $731.06 and its two-hundred day simple moving average is $765.29.

KLA (NASDAQ:KLAC) last posted its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.75 billion. During the same quarter in the previous year, the firm earned $5.74 earnings per share. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. As a group, analysts expect that KLA Co. will post 30.91 EPS for the current fiscal year.

KLA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th will be given a $1.70 dividend. This is a boost 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 dividend yield of 1.02%. KLA’s dividend payout ratio (DPR) is presently 31.05%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Needham & Company LLC reissued a “hold” rating on shares of KLA in a research note on Thursday, October 31st. Wells Fargo & Company dropped their target price on shares of KLA from $950.00 to $870.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Stifel Nicolaus boosted their price target on shares of KLA from $760.00 to $875.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Barclays cut their price objective on KLA from $800.00 to $750.00 and set an “equal weight” rating for the company in a research report on Thursday, October 31st. Finally, Susquehanna cut their price target on KLA from $680.00 to $675.00 and set a “neutral” rating for the company in a report on Friday, October 11th. Eight analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $802.90.

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.