Aigen Investment Management LP Invests $1.51 Million in KLA Co. (NASDAQ:KLAC)

Aigen Investment Management LP acquired a new position in KLA Co. (NASDAQ:KLAC - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,947 shares of the semiconductor company's stock, valued at approximately $1,508,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in KLA by 0.6% in the first quarter. Vanguard Group Inc. now owns 13,112,261 shares of the semiconductor company's stock worth $9,159,832,000 after purchasing an additional 76,226 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of KLA by 1.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,811,766 shares of the semiconductor company's stock valued at $2,318,329,000 after acquiring an additional 28,172 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of KLA by 2.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,618,709 shares of the semiconductor company's stock valued at $1,829,352,000 after acquiring an additional 71,289 shares in the last quarter. Van ECK Associates Corp lifted its holdings in KLA by 25.7% in the 3rd quarter. Van ECK Associates Corp now owns 1,399,367 shares of the semiconductor company's stock worth $1,083,684,000 after buying an additional 286,015 shares during the period. Finally, Legal & General Group Plc lifted its holdings in KLA by 1.9% in the 2nd quarter. Legal & General Group Plc now owns 1,163,958 shares of the semiconductor company's stock worth $959,695,000 after buying an additional 21,412 shares during the period. Institutional investors own 86.65% of the company's stock.

KLA Stock Down 0.2 %

Shares of KLAC traded down $1.25 during midday trading on Tuesday, hitting $664.78. The stock had a trading volume of 1,050,194 shares, compared to its average volume of 955,136. KLA Co. has a twelve month low of $524.03 and a twelve month high of $896.32. The firm has a market cap of $88.92 billion, a price-to-earnings ratio of 30.41, a price-to-earnings-growth ratio of 1.45 and a beta of 1.29. 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 company has a 50 day simple moving average of $728.00 and a two-hundred day simple moving average of $765.24.

KLA (NASDAQ:KLAC - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, topping analysts' consensus estimates of $7.03 by $0.30. KLA had a net margin of 28.92% and a return on equity of 105.16%. The business had revenue of $2.84 billion during the quarter, compared to analysts' expectations of $2.75 billion. During the same period last year, the company posted $5.74 EPS. The business's revenue was up 18.5% on a year-over-year basis. On average, analysts anticipate that KLA Co. will post 30.91 EPS for the current year.

KLA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th will be paid a $1.70 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $6.80 dividend on an annualized basis and a yield of 1.02%. This is a positive change from KLA's previous quarterly dividend of $1.45. KLA's payout ratio is currently 31.05%.

Analysts Set New Price Targets

KLAC has been the subject of several research reports. UBS Group decreased their price target on shares of KLA from $900.00 to $765.00 and set a "neutral" rating for the company in a report on Thursday, September 12th. Barclays reduced their price objective on KLA from $800.00 to $750.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 31st. TD Cowen cut their target price on KLA from $760.00 to $725.00 and set a "hold" rating on the stock in a research note on Thursday, October 31st. Citigroup lowered their target price on shares of KLA from $960.00 to $900.00 and set a "buy" rating for the company in a research note on Monday, September 16th. Finally, Evercore ISI boosted their target price on shares of KLA from $800.00 to $900.00 and gave the stock an "outperform" rating in a research note on Thursday, July 25th. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, KLA presently has a consensus rating of "Moderate Buy" and a consensus target price of $802.90.

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.