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

Mn Services Vermogensbeheer B.V. lifted its stake in KLA Co. (NASDAQ:KLAC) by 2.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 53,700 shares of the semiconductor company’s stock after purchasing an additional 1,300 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in KLA were worth $33,837,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in KLAC. Mizuho Securities USA LLC raised its stake in KLA by 32,828.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock worth $2,647,708,000 after acquiring an additional 3,408,617 shares during the period. Van ECK Associates Corp grew 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. Two Sigma Advisers LP grew its stake in shares of KLA by 10,766.7% in 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. Assenagon Asset Management S.A. grew its position in KLA by 84.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 441,053 shares of the semiconductor company’s stock worth $277,916,000 after acquiring an additional 201,649 shares in the last quarter. Finally, World Investment Advisors LLC purchased a new stake in KLA during the 3rd quarter valued at $128,482,000. Institutional investors own 86.65% of the company’s stock.

KLA Stock Performance

Shares of KLAC stock opened at $738.52 on Thursday. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. The firm has a fifty day moving average price of $713.74 and a 200 day moving average price of $715.86. The company has a market cap of $98.14 billion, a P/E ratio of 31.06, a PEG ratio of 1.57 and a beta of 1.28. KLA Co. has a 12 month low of $609.40 and a 12 month high of $896.32.

KLA (NASDAQ:KLAC) last released its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%. Sell-side analysts predict that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have commented on KLAC shares. Stifel Nicolaus upped their price objective on KLA from $800.00 to $825.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft increased their price target on shares of KLA from $725.00 to $850.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Wells Fargo & Company increased their price target on KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. The Goldman Sachs Group upped their price target on shares of KLA from $759.00 to $864.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Finally, Cantor Fitzgerald raised their price objective on KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Seven investment 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, KLA presently has a consensus rating of “Moderate Buy” and an average 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.