Tokio Marine Asset Management Co. Ltd. Purchases 8,978 Shares of KLA Co. (NASDAQ:KLAC)

Tokio Marine Asset Management Co. Ltd. grew its position in shares of KLA Co. (NASDAQ:KLAC) by 232.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,839 shares of the semiconductor company’s stock after buying an additional 8,978 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in KLA were worth $8,090,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Mizuho Securities USA LLC increased its position 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 valued at $2,647,708,000 after acquiring an additional 3,408,617 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of KLA by 76,452.4% during the third quarter. International Assets Investment Management LLC now owns 302,382 shares of the semiconductor company’s stock valued at $234,168,000 after purchasing an additional 301,987 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of KLA by 25.7% in the third quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock valued at $1,083,684,000 after purchasing an additional 286,015 shares in the last quarter. Assenagon Asset Management S.A. raised its position in KLA by 6,188.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 239,404 shares of the semiconductor company’s stock worth $185,397,000 after purchasing an additional 235,597 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its holdings in KLA by 10,766.7% during the 3rd quarter. Two Sigma Advisers LP now owns 228,200 shares of the semiconductor company’s stock worth $176,720,000 after buying an additional 226,100 shares in the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on KLAC. Susquehanna boosted their target price on KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Cantor Fitzgerald upped their target price on shares of KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research report on Friday. TD Cowen lowered their price target on shares of KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. Morgan Stanley cut their price objective on shares of KLA from $746.00 to $703.00 and set an “equal weight” rating on the stock in a report on Thursday, December 5th. Finally, The Goldman Sachs Group lifted their target price on shares of KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a report on Friday. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $829.32.

KLA Stock Performance

Shares of KLAC opened at $738.24 on Friday. The stock has a market capitalization of $98.75 billion, a price-to-earnings ratio of 33.71, a PEG ratio of 1.54 and a beta of 1.27. KLA Co. has a 12 month low of $581.70 and a 12 month high of $896.32. The firm has a fifty day simple moving average of $675.96 and a 200 day simple moving average of $717.84. The company has a current ratio of 2.13, a quick ratio of 1.48 and a debt-to-equity ratio of 1.65.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data 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 28.92% and a return on equity of 105.16%. Research analysts forecast that KLA Co. will post 30.34 EPS for the current fiscal year.

KLA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th were paid a dividend of $1.70 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.92%. This is a boost from KLA’s previous quarterly dividend of $1.45. KLA’s dividend payout ratio is currently 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.