KLA Co. (NASDAQ:KLAC) Shares Acquired by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of KLA Co. (NASDAQ:KLAC - Free Report) by 232.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,839 shares of the semiconductor company's stock after buying an additional 8,978 shares during the quarter. Tokio Marine Asset Management Co. Ltd.'s holdings in KLA were worth $8,090,000 as of its most recent SEC filing.

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

KLA Price Performance

NASDAQ KLAC traded up $9.92 during mid-day trading on Wednesday, hitting $759.24. The stock had a trading volume of 307,622 shares, compared to its average volume of 1,247,059. KLA Co. has a twelve month low of $595.86 and a twelve month high of $896.32. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63. The firm's 50 day moving average is $680.23 and its 200 day moving average is $715.91. The stock has a market capitalization of $100.89 billion, a price-to-earnings ratio of 31.93, a PEG ratio of 1.57 and a beta of 1.28.

KLA (NASDAQ:KLAC - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%. Equities research analysts forecast that KLA Co. will post 30.8 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. Shareholders of record on Monday, November 18th were paid a $1.70 dividend. The ex-dividend date of this dividend was Monday, November 18th. This is an increase from KLA's previous quarterly dividend of $1.45. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.90%. KLA's dividend payout ratio (DPR) is 28.60%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Barclays increased their price target on shares of KLA from $700.00 to $760.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. Cantor Fitzgerald raised their target price on shares of KLA from $800.00 to $875.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. Needham & Company LLC increased their price target on KLA from $800.00 to $830.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Oppenheimer upgraded KLA from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $750.00 to $850.00 in a research note on Thursday, October 31st. Finally, Wells Fargo & Company upped their target price on KLA from $795.00 to $870.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $831.68.

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.