Mn Services Vermogensbeheer B.V. Acquires 1,300 Shares of KLA Co. (NASDAQ:KLAC)

Mn Services Vermogensbeheer B.V. raised its holdings in KLA Co. (NASDAQ:KLAC) by 2.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,700 shares of the semiconductor company’s stock after buying an additional 1,300 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in KLA were worth $33,837,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of KLAC. Legacy Investment Solutions LLC acquired a new stake in shares of KLA in the 3rd quarter valued at $29,000. Groupama Asset Managment boosted its stake in shares of KLA by 82.3% in the 3rd quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 2,038 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of KLA in the 3rd quarter valued at approximately $38,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of KLA in the 4th quarter valued at approximately $43,000. Finally, Ameliora Wealth Management Ltd. acquired a new stake in shares of KLA in the 4th quarter valued at approximately $47,000. Institutional investors own 86.65% of the company’s stock.

KLA Stock Up 1.9 %

KLAC opened at $738.52 on Thursday. The firm has a market capitalization of $98.14 billion, a P/E ratio of 31.06, a price-to-earnings-growth ratio of 1.57 and a beta of 1.28. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63. The company has a fifty day moving average price of $713.74 and a 200-day moving average price of $715.86. KLA Co. has a one year low of $609.40 and a one year high of $896.32.

KLA (NASDAQ:KLAC) last released its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, topping analysts’ consensus estimates of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%. Equities research analysts expect that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th will be issued a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Monday, February 24th. KLA’s dividend payout ratio (DPR) is currently 28.60%.

Analysts Set New Price Targets

Several brokerages have commented on KLAC. Deutsche Bank Aktiengesellschaft raised their target price on shares of KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a report on Friday, January 31st. StockNews.com downgraded shares of KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Needham & Company LLC lifted their price objective on shares of KLA from $800.00 to $830.00 and gave the company a “buy” rating in a report on Friday, January 31st. The Goldman Sachs Group lifted their price target on KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, Wells Fargo & Company increased their price objective on shares of KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $831.68.

KLA Company 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.