Mn Services Vermogensbeheer B.V. Has $40.58 Million Stake in KLA Co. (NASDAQ:KLAC)

Mn Services Vermogensbeheer B.V. trimmed its holdings in shares of KLA Co. (NASDAQ:KLAC - Free Report) by 2.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 52,400 shares of the semiconductor company's stock after selling 1,500 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in KLA were worth $40,579,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of KLAC. Vanguard Group Inc. lifted its position in KLA by 0.6% during the first quarter. Vanguard Group Inc. now owns 13,112,261 shares of the semiconductor company's stock worth $9,159,832,000 after acquiring an additional 76,226 shares during the last quarter. 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 worth $2,318,329,000 after purchasing an additional 28,172 shares during the period. 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 worth $1,829,352,000 after purchasing an additional 71,289 shares during the period. Van ECK Associates Corp increased 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 purchasing an additional 286,015 shares during the period. Finally, Legal & General Group Plc increased its holdings in shares of KLA by 1.9% during the second quarter. Legal & General Group Plc now owns 1,163,958 shares of the semiconductor company's stock worth $959,695,000 after purchasing an additional 21,412 shares during the period. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on KLAC shares. Argus raised their target price on shares of KLA from $800.00 to $875.00 and gave the stock a "buy" rating in a report on Friday, July 26th. Needham & Company LLC reaffirmed a "hold" rating on shares of KLA in a report on Thursday. Wells Fargo & Company decreased their price objective on shares of KLA from $950.00 to $870.00 and set an "overweight" rating on the stock in a research note on Thursday, October 3rd. Evercore ISI lifted their price objective on shares of KLA from $800.00 to $900.00 and gave the company an "outperform" rating in a research note on Thursday, July 25th. Finally, TD Cowen decreased their price objective on shares of KLA from $760.00 to $725.00 and set a "hold" rating on the stock in a research note on Thursday. Eight analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $802.90.

KLA Trading Down 0.9 %

Shares of NASDAQ:KLAC traded down $6.01 during mid-day trading on Monday, reaching $663.37. 632,578 shares of the company's stock were exchanged, compared to its average volume of 946,049. The firm has a market capitalization of $88.88 billion, a price-to-earnings ratio of 30.29, a PEG ratio of 1.67 and a beta of 1.29. The business's fifty day moving average price is $741.44 and its 200-day moving average price is $764.25. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.50 and a current ratio of 2.13. KLA Co. has a twelve month low of $495.10 and a twelve month high of $896.32.

KLA (NASDAQ:KLAC - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 EPS for the quarter, topping analysts' consensus estimates of $7.03 by $0.30. The company had revenue of $2.84 billion for 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 was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.74 earnings per share. On average, research analysts predict that KLA Co. will post 29.26 EPS for the current fiscal year.

Insider Transactions at KLA

In other news, CEO Richard P. Wallace sold 17,437 shares of KLA stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $705.01, for a total transaction of $12,293,259.37. Following the transaction, the chief executive officer now owns 105,329 shares in the company, valued at approximately $74,257,998.29. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.12% of the stock is owned by company insiders.

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.