Vinva Investment Management Ltd Acquires 2,125 Shares of KLA Co. (NASDAQ:KLAC)

Vinva Investment Management Ltd raised its holdings in shares of KLA Co. (NASDAQ:KLAC) by 23.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 11,377 shares of the semiconductor company’s stock after purchasing an additional 2,125 shares during the period. Vinva Investment Management Ltd’s holdings in KLA were worth $7,209,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. State Street Corp grew its holdings in shares of KLA by 2.5% during the third quarter. State Street Corp now owns 5,979,293 shares of the semiconductor company’s stock valued at $4,630,424,000 after buying an additional 145,317 shares during the last quarter. Geode Capital Management LLC grew its holdings 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 valued at $2,487,971,000 after buying an additional 93,743 shares during the last quarter. Amundi grew its holdings in shares of KLA by 9.4% during the fourth quarter. Amundi now owns 1,394,260 shares of the semiconductor company’s stock valued at $953,774,000 after buying an additional 119,845 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of KLA by 5.9% during the fourth quarter. Bank of New York Mellon Corp now owns 1,153,043 shares of the semiconductor company’s stock valued at $726,555,000 after buying an additional 64,238 shares during the last quarter. Finally, Alkeon Capital Management LLC grew its holdings in shares of KLA by 5.5% during the third quarter. Alkeon Capital Management LLC now owns 945,835 shares of the semiconductor company’s stock valued at $732,464,000 after buying an additional 49,470 shares during the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on KLAC. The Goldman Sachs Group increased their price target on shares of KLA from $759.00 to $864.00 and gave the company a “buy” rating in a report on Friday, January 31st. Stifel Nicolaus raised their target price on shares of KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft raised their target price on shares of KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a report on Friday, January 31st. UBS Group raised their target price on shares of KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Finally, Susquehanna raised their target price on shares of KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $830.67.

KLA Trading Down 1.2 %

Shares of KLA stock opened at $710.00 on Wednesday. The company’s fifty day simple moving average is $727.78 and its 200-day simple moving average is $704.39. The stock has a market capitalization of $94.35 billion, a PE ratio of 29.86, a P/E/G ratio of 1.57 and a beta of 1.30. KLA Co. has a 1-year low of $609.40 and a 1-year high of $896.32. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data 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 net margin of 29.58% and a return on equity of 108.60%. As a group, equities analysts anticipate that KLA Co. will post 31.59 earnings per share for the current year.

KLA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th were given a dividend of $1.70 per share. The ex-dividend date was Monday, February 24th. This represents a $6.80 annualized dividend and a dividend yield of 0.96%. KLA’s payout ratio is 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.