KLA Co. (NASDAQ:KLAC) Stock Holdings Increased by AMG National Trust Bank

AMG National Trust Bank grew its position in shares of KLA Co. (NASDAQ:KLAC) by 142.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 686 shares of the semiconductor company’s stock after buying an additional 403 shares during the period. AMG National Trust Bank’s holdings in KLA were worth $532,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in KLAC. Swedbank AB lifted its stake in KLA by 0.4% during the third quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock worth $426,660,000 after purchasing an additional 2,019 shares during the last quarter. Community Financial Services Group LLC lifted its position in shares of KLA by 538.5% in the 3rd quarter. Community Financial Services Group LLC now owns 7,445 shares of the semiconductor company’s stock worth $5,765,000 after buying an additional 6,279 shares during the last quarter. Eastern Bank boosted its holdings in shares of KLA by 655.8% in the 3rd quarter. Eastern Bank now owns 27,368 shares of the semiconductor company’s stock valued at $21,194,000 after buying an additional 23,747 shares during the period. ING Groep NV grew its position 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 valued at $61,769,000 after buying an additional 27,436 shares during the last quarter. Finally, Generate Investment Management Ltd raised its stake in KLA by 39.0% during the third quarter. Generate Investment Management Ltd now owns 5,882 shares of the semiconductor company’s stock worth $4,555,000 after acquiring an additional 1,651 shares during the period. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Price Performance

Shares of NASDAQ:KLAC opened at $615.66 on Wednesday. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.48 and a current ratio of 2.13. The company has a market capitalization of $82.35 billion, a PE ratio of 28.11, a price-to-earnings-growth ratio of 1.29 and a beta of 1.29. The stock has a fifty day moving average of $719.23 and a 200-day moving average of $763.35. KLA Co. has a one year low of $527.11 and a one year high of $896.32.

KLA (NASDAQ:KLAC) last released its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share for the quarter, beating analysts’ consensus estimates of $7.03 by $0.30. The business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.75 billion. KLA had a return on equity of 105.16% and a net margin of 28.92%. KLA’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter last year, the company posted $5.74 EPS. As a group, equities analysts anticipate that KLA Co. will post 30.91 EPS for the current fiscal year.

KLA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Monday, November 18th will be given a $1.70 dividend. This represents a $6.80 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Monday, November 18th. This is an increase from KLA’s previous quarterly dividend of $1.45. KLA’s dividend payout ratio is 26.48%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. The Goldman Sachs Group upped their target price on KLA from $735.00 to $838.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Oppenheimer raised 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 research report on Thursday, October 31st. JPMorgan Chase & Co. boosted their price target on shares of KLA from $800.00 to $950.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Citigroup dropped their price objective on shares of KLA from $960.00 to $900.00 and set a “buy” rating on the stock in a report on Monday, September 16th. Finally, Susquehanna reduced their target price 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. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.