Trust Co. of Toledo NA OH Has $1.25 Million Holdings in KLA Co. (NASDAQ:KLAC)

Trust Co. of Toledo NA OH decreased its position in KLA Co. (NASDAQ:KLAC) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,988 shares of the semiconductor company’s stock after selling 50 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in KLA were worth $1,253,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in KLAC. State Street Corp lifted its holdings in shares of KLA by 2.5% during the third quarter. State Street Corp now owns 5,979,293 shares of the semiconductor company’s stock worth $4,630,424,000 after buying an additional 145,317 shares in the last quarter. Mizuho Securities USA LLC raised its stake in KLA by 32,828.8% in 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. Geode Capital Management LLC boosted its holdings in KLA by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,221,694 shares of the semiconductor company’s stock valued at $2,487,971,000 after purchasing an additional 93,743 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of KLA by 1.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,811,766 shares of the semiconductor company’s stock worth $2,318,329,000 after purchasing an additional 28,172 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of KLA by 25.7% during the third quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock worth $1,083,684,000 after purchasing an additional 286,015 shares during the period. Institutional investors own 86.65% of the company’s stock.

Wall Street Analyst Weigh In

KLAC has been the subject of several recent research reports. Cantor Fitzgerald reiterated a “neutral” rating and issued a $925.00 price target on shares of KLA in a research note on Tuesday, October 8th. Morgan Stanley reduced their target price on KLA from $746.00 to $703.00 and set an “equal weight” rating on the stock in a report on Thursday, December 5th. StockNews.com downgraded KLA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Needham & Company LLC upgraded shares of KLA from a “hold” rating to a “buy” rating and set a $750.00 price objective on the stock in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of KLA from $890.00 to $750.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $809.10.

KLA Stock Down 0.6 %

Shares of KLA stock traded down $3.90 during trading on Monday, reaching $679.16. 179,672 shares of the company traded hands, compared to its average volume of 1,029,416. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.13 and a quick ratio of 1.48. The firm has a market capitalization of $90.84 billion, a PE ratio of 31.01, a P/E/G ratio of 1.39 and a beta of 1.27. The company has a 50 day moving average price of $650.27 and a 200-day moving average price of $728.30. KLA Co. has a 1-year low of $552.85 and a 1-year high of $896.32.

KLA (NASDAQ:KLAC) last announced its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 EPS 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 net margin of 28.92% and a return on equity of 105.16%. KLA’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.74 EPS. As a group, equities research analysts expect that KLA Co. will post 30.61 earnings per share for the current fiscal year.

KLA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were issued a dividend of $1.70 per share. The ex-dividend date was Monday, November 18th. This is a boost from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 annualized dividend and a yield of 1.00%. KLA’s payout ratio is 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.