KLA Co. (NASDAQ:KLAC) Shares Sold by PGGM Investments

PGGM Investments reduced its stake in KLA Co. (NASDAQ:KLAC) by 8.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,523 shares of the semiconductor company’s stock after selling 2,594 shares during the period. PGGM Investments’ holdings in KLA were worth $18,603,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new position in KLA during the 3rd quarter valued at approximately $29,000. Tortoise Investment Management LLC boosted its holdings in shares of KLA by 300.0% during the fourth quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 36 shares during the period. Kohmann Bosshard Financial Services LLC bought a new position in shares of KLA during the fourth quarter worth about $32,000. Groupama Asset Managment increased its holdings 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 during the period. Finally, Fairfield Financial Advisors LTD lifted its position in KLA by 160.0% in the 4th quarter. Fairfield Financial Advisors LTD now owns 65 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 40 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. The Goldman Sachs Group raised their price target on KLA from $759.00 to $864.00 and gave the company 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 research report on Wednesday, November 27th. Susquehanna increased their price objective on shares of KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft boosted their target price on KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, Stifel Nicolaus increased their price target on KLA from $800.00 to $825.00 and gave the company a “buy” 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $831.68.

KLA Stock Performance

Shares of KLA stock opened at $680.39 on Thursday. KLA Co. has a 12 month low of $609.40 and a 12 month high of $896.32. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64. The stock has a market cap of $90.41 billion, a PE ratio of 28.61, a price-to-earnings-growth ratio of 1.57 and a beta of 1.30. The business has a fifty day simple moving average of $724.79 and a 200-day simple moving average of $707.91.

KLA (NASDAQ:KLAC) last announced 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 return on equity of 108.60% and a net margin of 29.58%. On average, sell-side analysts anticipate that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were paid a $1.70 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $6.80 annualized dividend and a yield of 1.00%. KLA’s dividend payout ratio is presently 28.60%.

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.