Robeco Institutional Asset Management B.V. Has $65.15 Million Holdings in KLA Co. (NASDAQ:KLAC)

Robeco Institutional Asset Management B.V. trimmed its holdings in KLA Co. (NASDAQ:KLAC - Free Report) by 12.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 103,385 shares of the semiconductor company's stock after selling 14,941 shares during the period. Robeco Institutional Asset Management B.V. owned 0.08% of KLA worth $65,145,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KLAC. CVA Family Office LLC boosted its holdings in shares of KLA by 3.7% in the 3rd quarter. CVA Family Office LLC now owns 366 shares of the semiconductor company's stock valued at $283,000 after purchasing an additional 13 shares during the last quarter. Hutchens & Kramer Investment Management Group LLC raised its stake in shares of KLA by 3.3% in the 4th quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company's stock valued at $259,000 after acquiring an additional 13 shares during the period. Marcum Wealth LLC boosted its position in KLA by 4.1% during the 3rd quarter. Marcum Wealth LLC now owns 384 shares of the semiconductor company's stock worth $297,000 after purchasing an additional 15 shares during the period. Harbor Capital Advisors Inc. raised its position in KLA by 1.1% in the third quarter. Harbor Capital Advisors Inc. now owns 1,433 shares of the semiconductor company's stock valued at $1,110,000 after purchasing an additional 16 shares during the period. Finally, Ascent Wealth Partners LLC boosted its position in shares of KLA by 0.4% in the third quarter. Ascent Wealth Partners LLC now owns 4,466 shares of the semiconductor company's stock worth $3,459,000 after buying an additional 16 shares during the period. Hedge funds and other institutional investors own 86.65% of the company's stock.

KLA Price Performance

KLA stock traded up $29.46 during trading hours on Thursday, hitting $742.43. 1,706,935 shares of the company traded hands, compared to its average volume of 1,291,149. KLA Co. has a 1-year low of $581.70 and a 1-year high of $896.32. The firm has a market cap of $99.31 billion, a P/E ratio of 33.90, a P/E/G ratio of 1.66 and a beta of 1.27. The firm's 50-day simple moving average is $671.76 and its two-hundred day simple moving average is $718.50. 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 (NASDAQ:KLAC - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, topping analysts' consensus estimates of $7.73 by $0.47. KLA had a return on equity of 105.16% and a net margin of 28.92%. As a group, analysts forecast that KLA Co. will post 30.34 earnings per share for the current fiscal year.

KLA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were issued a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.92%. This is a boost from KLA's previous quarterly dividend of $1.45. The ex-dividend date of this dividend was Monday, November 18th. KLA's payout ratio is presently 31.05%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Cantor Fitzgerald restated a "neutral" rating and issued a $925.00 price target on shares of KLA in a report on Tuesday, October 8th. Needham & Company LLC raised shares of KLA from a "hold" rating to a "buy" rating and set a $750.00 price objective for the company in a research report on Monday, January 13th. Wells Fargo & Company lowered their target price on KLA from $800.00 to $795.00 and set an "overweight" rating for the company in a research note on Monday, January 13th. The Goldman Sachs Group dropped their price objective on KLA from $850.00 to $759.00 and set a "buy" rating on the stock in a report on Friday, January 10th. Finally, UBS Group raised their price target on shares of KLA from $665.00 to $780.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 21st. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $812.47.

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.