BFI Infinity Ltd. Makes New Investment in KLA Co. (NASDAQ:KLAC)

BFI Infinity Ltd. purchased a new stake in shares of KLA Co. (NASDAQ:KLAC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,816 shares of the semiconductor company's stock, valued at approximately $3,665,000. KLA makes up about 4.0% of BFI Infinity Ltd.'s portfolio, making the stock its 8th largest position.

A number of other large investors have also recently modified their holdings of KLAC. Legacy Investment Solutions LLC bought a new position in KLA during the 3rd quarter worth about $29,000. Groupama Asset Managment boosted its stake in shares of KLA by 82.3% during the third quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company's stock valued at $35,000 after purchasing an additional 2,038 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of KLA during the third quarter valued at approximately $38,000. FSA Wealth Management LLC purchased a new position in KLA during the third quarter valued at approximately $53,000. Finally, Peterson Financial Group Inc. bought a new position in KLA in the third quarter worth approximately $56,000. Hedge funds and other institutional investors own 86.65% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Barclays cut their price target on KLA from $800.00 to $750.00 and set an "equal weight" rating on the stock in a report on Thursday, October 31st. Wells Fargo & Company cut their target price on KLA from $800.00 to $795.00 and set an "overweight" rating on the stock in a research note on Monday. Cantor Fitzgerald reissued a "neutral" rating and set a $925.00 price target on shares of KLA in a research report on Tuesday, October 8th. StockNews.com downgraded shares of KLA from a "buy" rating to a "hold" rating in a research report on Wednesday, November 27th. Finally, Needham & Company LLC raised shares of KLA from a "hold" rating to a "buy" rating and set a $750.00 target price for the company in a research report on Monday. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $809.10.

KLA Stock Performance

Shares of NASDAQ:KLAC traded up $31.01 during trading on Thursday, hitting $747.26. The stock had a trading volume of 2,018,988 shares, compared to its average volume of 1,281,069. The company has a quick ratio of 1.48, a current ratio of 2.13 and a debt-to-equity ratio of 1.65. KLA Co. has a 12-month low of $552.85 and a 12-month high of $896.32. The stock has a market capitalization of $99.95 billion, a price-to-earnings ratio of 34.12, a price-to-earnings-growth ratio of 1.47 and a beta of 1.27. The stock has a 50-day simple moving average of $652.37 and a two-hundred day simple moving average of $726.49.

KLA (NASDAQ:KLAC - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.03 by $0.30. The company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.75 billion. KLA had a net margin of 28.92% and a return on equity of 105.16%. KLA's revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period last year, the firm posted $5.74 EPS. On average, equities research analysts expect that KLA Co. will post 30.37 earnings per share for the current fiscal year.

KLA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Monday, November 18th were issued a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 0.91%. This is a positive change from KLA's previous quarterly dividend of $1.45. The ex-dividend date was Monday, November 18th. KLA's dividend payout ratio is presently 31.05%.

KLA 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.