Triodos Investment Management BV Acquires 12,250 Shares of KLA Co. (NASDAQ:KLAC)

Triodos Investment Management BV grew its stake in shares of KLA Co. (NASDAQ:KLAC - Free Report) by 19.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 74,351 shares of the semiconductor company's stock after buying an additional 12,250 shares during the quarter. KLA comprises 3.8% of Triodos Investment Management BV's holdings, making the stock its 5th biggest position. Triodos Investment Management BV owned about 0.06% of KLA worth $46,850,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new stake in KLA during the fourth quarter worth approximately $1,175,756,000. Blair William & Co. IL raised its stake in shares of KLA by 0.6% in the 4th quarter. Blair William & Co. IL now owns 31,210 shares of the semiconductor company's stock worth $19,666,000 after buying an additional 186 shares in the last quarter. Loomis Sayles & Co. L P raised its stake in shares of KLA by 886.5% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,677 shares of the semiconductor company's stock worth $1,057,000 after buying an additional 1,507 shares in the last quarter. NEOS Investment Management LLC lifted its holdings in shares of KLA by 21.3% in the fourth quarter. NEOS Investment Management LLC now owns 15,563 shares of the semiconductor company's stock valued at $9,807,000 after buying an additional 2,730 shares during the period. Finally, UniSuper Management Pty Ltd boosted its stake in KLA by 6.1% during the fourth quarter. UniSuper Management Pty Ltd now owns 25,683 shares of the semiconductor company's stock valued at $16,183,000 after buying an additional 1,475 shares in the last quarter. 86.65% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Stifel Nicolaus boosted their price target on shares of KLA from $800.00 to $825.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Susquehanna boosted their target price on shares of KLA from $620.00 to $655.00 and gave the stock a "neutral" rating in a report on Wednesday, January 22nd. 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 upped their price target on KLA from $800.00 to $830.00 and gave the company a "buy" rating in a report on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on KLA from $725.00 to $850.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $832.17.

Insider Buying and Selling

In other KLA news, CFO Bren D. Higgins sold 7,008 shares of the company's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $724.62, for a total value of $5,078,136.96. Following the transaction, the chief financial officer now directly owns 28,798 shares of the company's stock, valued at $20,867,606.76. This represents a 19.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.12% of the stock is owned by corporate insiders.

KLA Stock Up 0.0 %

NASDAQ:KLAC traded up $0.17 on Tuesday, hitting $679.97. 174,420 shares of the company's stock traded hands, compared to its average volume of 1,005,153. The company has a market cap of $90.36 billion, a PE ratio of 28.56, a price-to-earnings-growth ratio of 1.57 and a beta of 1.30. KLA Co. has a 1 year low of $609.40 and a 1 year high of $896.32. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. The firm has a 50-day moving average price of $726.28 and a 200-day moving average price of $702.34.

KLA (NASDAQ:KLAC - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, beating analysts' consensus estimates of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%. Equities analysts anticipate that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th were paid a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend was Monday, February 24th. KLA's dividend payout ratio (DPR) is presently 28.60%.

KLA Company 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.