Mirae Asset Global Investments Co. Ltd. Has $87.10 Million Holdings in KLA Co. (NASDAQ:KLAC)

Mirae Asset Global Investments Co. Ltd. raised its holdings in KLA Co. (NASDAQ:KLAC) by 8.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 135,144 shares of the semiconductor company’s stock after acquiring an additional 10,066 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in KLA were worth $87,096,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of KLAC. State Street Corp increased its stake in KLA by 2.5% during the 3rd quarter. State Street Corp now owns 5,979,293 shares of the semiconductor company’s stock worth $4,630,424,000 after purchasing an additional 145,317 shares in the last quarter. Mizuho Securities USA LLC boosted its holdings in shares of KLA by 32,828.8% in the third quarter. Mizuho Securities USA LLC now owns 3,419,000 shares of the semiconductor company’s stock valued at $2,647,708,000 after buying an additional 3,408,617 shares during the period. Geode Capital Management LLC increased its position in shares of KLA by 3.0% during the third quarter. Geode Capital Management LLC now owns 3,221,694 shares of the semiconductor company’s stock worth $2,487,971,000 after acquiring an additional 93,743 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of KLA by 25.7% during the third quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company’s stock worth $1,083,684,000 after acquiring an additional 286,015 shares during the period. Finally, Alkeon Capital Management LLC lifted its position in KLA by 5.5% in the 3rd quarter. Alkeon Capital Management LLC now owns 945,835 shares of the semiconductor company’s stock valued at $732,464,000 after acquiring an additional 49,470 shares in the last quarter. 86.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on KLAC shares. UBS Group lifted their price target on KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. Barclays lifted their target price on KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft upped their price target on KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Oppenheimer upgraded shares of KLA from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $750.00 to $850.00 in a report on Thursday, October 31st. Finally, Needham & Company LLC raised their target price on shares of KLA from $800.00 to $830.00 and gave the company a “buy” rating in a research report 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. Based on data from MarketBeat.com, KLA presently has an average rating of “Moderate Buy” and a consensus price target of $831.68.

KLA Stock Performance

Shares of KLAC stock opened at $749.32 on Wednesday. The company has a market capitalization of $100.23 billion, a price-to-earnings ratio of 31.51, a PEG ratio of 1.57 and a beta of 1.28. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36. KLA Co. has a 52 week low of $595.86 and a 52 week high of $896.32. The company has a 50-day simple moving average of $677.87 and a 200 day simple moving average of $716.00.

KLA (NASDAQ:KLAC) last posted its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, beating the consensus estimate 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 predict that KLA Co. will post 30.8 earnings per share for the current year.

KLA Increases Dividend

The company also recently announced 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. The ex-dividend date was Monday, November 18th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.91%. This is an increase from KLA’s previous quarterly dividend of $1.45. KLA’s dividend payout ratio (DPR) is currently 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.