Generali Asset Management SPA SGR Invests $2.50 Million in KLA Co. (NASDAQ:KLAC)

Generali Asset Management SPA SGR acquired a new stake in shares of KLA Co. (NASDAQ:KLAC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,971 shares of the semiconductor company's stock, valued at approximately $2,502,000.

Other large investors have also added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of KLA by 2.5% in the third quarter. State Street Corp now owns 5,979,293 shares of the semiconductor company's stock worth $4,630,424,000 after buying an additional 145,317 shares during the last quarter. Geode Capital Management LLC raised its position in KLA by 3.0% in 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 during the period. Amundi boosted its stake in shares of KLA by 9.4% during the 4th quarter. Amundi now owns 1,394,260 shares of the semiconductor company's stock worth $953,774,000 after acquiring an additional 119,845 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of KLA by 5.9% during the 4th 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 acquiring an additional 64,238 shares during the period. Finally, Alkeon Capital Management LLC raised its holdings in KLA by 5.5% in the 3rd quarter. Alkeon Capital Management LLC now owns 945,835 shares of the semiconductor company's stock worth $732,464,000 after purchasing an additional 49,470 shares during the period. Institutional investors own 86.65% of the company's stock.

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Wall Street Analyst Weigh In

KLAC has been the subject of several recent research reports. UBS Group boosted their price target on KLA from $665.00 to $780.00 and gave the company a "neutral" rating in a report on Tuesday, January 21st. Wells Fargo & Company increased their target price on shares of KLA from $795.00 to $870.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Barclays lifted their price target on shares of KLA from $700.00 to $760.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. StockNews.com cut shares of KLA from a "buy" rating to a "hold" rating in a research note on Wednesday, November 27th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of KLA from $725.00 to $850.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, KLA has an average rating of "Moderate Buy" and an average target price of $830.67.

KLA Trading Up 3.0 %

KLAC traded up $21.24 on Monday, hitting $727.73. The company had a trading volume of 730,158 shares, compared to its average volume of 953,905. 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 business's fifty day simple moving average is $729.52 and its 200 day simple moving average is $703.24. The company has a market cap of $96.71 billion, a PE ratio of 30.60, a PEG ratio of 1.57 and a beta of 1.30.

KLA (NASDAQ:KLAC - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share 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%. Equities research analysts expect that KLA Co. will post 31.59 EPS for the current year.

KLA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Monday, February 24th were paid a dividend of $1.70 per share. The ex-dividend date was Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.93%. KLA's dividend payout ratio is presently 28.60%.

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.