Robeco Institutional Asset Management B.V. Has $65.15 Million Holdings in KLA Co. (NASDAQ:KLAC)

Robeco Institutional Asset Management B.V. reduced its holdings in KLA Co. (NASDAQ:KLAC) by 12.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 103,385 shares of the semiconductor company’s stock after selling 14,941 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.08% of KLA worth $65,145,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KLAC. Legacy Investment Solutions LLC acquired a new position in KLA in the third quarter valued at approximately $29,000. Groupama Asset Managment grew 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 worth $35,000 after acquiring an additional 2,038 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of KLA during the third quarter valued at approximately $38,000. FSA Wealth Management LLC bought a new stake in shares of KLA during the 3rd quarter worth $53,000. Finally, Peterson Financial Group Inc. bought a new stake in KLA in the third quarter worth about $56,000. 86.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KLAC has been the topic of a number of recent research reports. TD Cowen dropped their price target on KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. The Goldman Sachs Group decreased their target price on KLA from $850.00 to $759.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. UBS Group lifted their price objective on shares of KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Cantor Fitzgerald restated a “neutral” rating and issued a $925.00 target price on shares of KLA in a research report on Tuesday, October 8th. Finally, Needham & Company LLC raised 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, January 13th. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, KLA presently has a consensus rating of “Moderate Buy” and an average target price of $812.47.

KLA Stock Up 1.4 %

NASDAQ:KLAC opened at $712.97 on Thursday. KLA Co. has a 1-year low of $581.70 and a 1-year high of $896.32. 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’s 50-day moving average price is $669.84 and its 200-day moving average price is $718.54. The company has a market capitalization of $95.37 billion, a PE ratio of 32.56, a P/E/G ratio of 1.66 and a beta of 1.27.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, beating the consensus estimate of $7.03 by $0.30. The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.75 billion. KLA had a net margin of 28.92% and a return on equity of 105.16%. KLA’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period in the prior year, the firm posted $5.74 EPS. On average, equities analysts predict that KLA Co. will post 30.34 EPS for the current fiscal year.

KLA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th were issued a dividend of $1.70 per share. This is an increase from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Monday, November 18th. KLA’s dividend payout ratio is presently 31.05%.

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.