KLA Co. (NASDAQ:KLAC) Shares Sold by Frazier Financial Advisors LLC

Frazier Financial Advisors LLC trimmed its holdings in shares of KLA Co. (NASDAQ:KLAC) by 29.0% during the third quarter, Holdings Channel reports. The firm owned 44 shares of the semiconductor company’s stock after selling 18 shares during the quarter. Frazier Financial Advisors LLC’s holdings in KLA were worth $34,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Swedbank AB increased its holdings in shares of KLA by 0.4% in the 3rd quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock worth $426,660,000 after acquiring an additional 2,019 shares during the period. Community Financial Services Group LLC increased its holdings 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 acquiring an additional 6,279 shares during the period. Eastern Bank increased 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 worth $21,194,000 after acquiring an additional 23,747 shares during the period. ING Groep NV increased its holdings in shares of KLA by 52.4% in the 3rd quarter. ING Groep NV now owns 79,763 shares of the semiconductor company’s stock worth $61,769,000 after acquiring an additional 27,436 shares during the period. Finally, Generate Investment Management Ltd increased its holdings in shares of KLA by 39.0% in the 3rd 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. 86.65% of the stock is owned by institutional investors and hedge funds.

KLA Price Performance

NASDAQ KLAC opened at $614.46 on Friday. The company has a quick ratio of 1.48, a current ratio of 2.13 and a debt-to-equity ratio of 1.65. The stock has a market capitalization of $82.19 billion, a PE ratio of 28.06, a price-to-earnings-growth ratio of 1.29 and a beta of 1.29. The company has a 50 day moving average price of $721.02 and a two-hundred day moving average price of $763.10. KLA Co. has a 12-month low of $527.11 and a 12-month high of $896.32.

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 analysts’ consensus estimates of $7.03 by $0.30. The firm had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.75 billion. KLA had a net margin of 28.92% and a return on equity of 105.16%. The company’s revenue was up 18.5% compared to the same quarter last year. During the same period in the previous year, the company earned $5.74 earnings per share. As a group, equities analysts predict that KLA Co. will post 30.91 earnings per share for the current fiscal year.

KLA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th will be paid a $1.70 dividend. The ex-dividend date of this dividend is Monday, November 18th. This is a boost from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 dividend on an annualized basis and a yield of 1.11%. KLA’s payout ratio is 26.48%.

Analyst Upgrades and Downgrades

KLAC has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of KLA from $890.00 to $750.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Wells Fargo & Company lowered their target price on shares of KLA from $950.00 to $870.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. StockNews.com raised shares of KLA from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Needham & Company LLC reissued a “hold” rating on shares of KLA in a research note on Thursday, October 31st. Finally, Evercore ISI raised their target price on shares of KLA from $800.00 to $900.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.