KLA Co. (NASDAQ:KLAC) is Mizuho Securities USA LLC’s 4th Largest Position

Mizuho Securities USA LLC increased its position in shares of KLA Co. (NASDAQ:KLAC) by 32,828.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,419,000 shares of the semiconductor company’s stock after buying an additional 3,408,617 shares during the quarter. KLA comprises 6.9% of Mizuho Securities USA LLC’s investment portfolio, making the stock its 4th biggest holding. Mizuho Securities USA LLC’s holdings in KLA were worth $2,647,708,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Swedbank AB purchased a new position in shares of KLA during the first quarter worth approximately $379,678,000. International Assets Investment Management LLC boosted its stake in 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 worth $234,168,000 after purchasing an additional 301,987 shares during the period. Van ECK Associates Corp grew its position in KLA by 25.7% during 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 purchasing an additional 286,015 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in KLA by 6,188.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 239,404 shares of the semiconductor company’s stock worth $185,397,000 after acquiring an additional 235,597 shares during the period. Finally, 1832 Asset Management L.P. grew its stake in shares of KLA by 2,205.8% in the 2nd quarter. 1832 Asset Management L.P. now owns 201,592 shares of the semiconductor company’s stock valued at $166,215,000 after purchasing an additional 192,849 shares during the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Trading Down 4.7 %

Shares of KLA stock opened at $614.46 on Friday. The business has a 50 day moving average price of $721.02 and a 200 day moving average price of $762.59. The company has a market capitalization of $82.19 billion, a P/E ratio of 28.06, a P/E/G ratio of 1.36 and a beta of 1.29. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.13 and a quick ratio of 1.48. KLA Co. has a 1 year low of $527.11 and a 1 year high of $896.32.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data 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. The business had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.75 billion. KLA had a return on equity of 105.16% and a net margin of 28.92%. The business’s revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the business earned $5.74 earnings per share. Sell-side 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. Shareholders of record on Monday, November 18th will be paid a dividend of $1.70 per share. This is a boost from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Monday, November 18th. KLA’s dividend payout ratio (DPR) is currently 26.48%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Cantor Fitzgerald reissued a “neutral” rating and issued a $925.00 price objective on shares of KLA in a research note on Tuesday, October 8th. TD Cowen dropped their price target on shares of KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a research note on Thursday, October 31st. Barclays reduced their price objective on shares of KLA from $800.00 to $750.00 and set an “equal weight” rating for the company in a research report on Thursday, October 31st. Susquehanna lowered their price objective on KLA from $680.00 to $675.00 and set a “neutral” rating on the stock in a report on Friday, October 11th. Finally, 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 note on Thursday, October 31st. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, KLA has a consensus rating of “Moderate Buy” and a consensus price target of $802.90.

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.