Vinva Investment Management Ltd Buys 2,125 Shares of KLA Co. (NASDAQ:KLAC)

Vinva Investment Management Ltd lifted its position in KLA Co. (NASDAQ:KLAC - Free Report) by 23.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,377 shares of the semiconductor company's stock after acquiring an additional 2,125 shares during the period. Vinva Investment Management Ltd's holdings in KLA were worth $7,209,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Swedbank AB lifted its holdings in shares of KLA by 0.4% during the 3rd quarter. Swedbank AB now owns 550,949 shares of the semiconductor company's stock valued at $426,660,000 after purchasing an additional 2,019 shares in the last quarter. United Bank acquired a new stake in KLA during the 3rd quarter worth approximately $339,000. AMG National Trust Bank lifted its stake in KLA by 142.4% in the third quarter. AMG National Trust Bank now owns 686 shares of the semiconductor company's stock valued at $532,000 after buying an additional 403 shares in the last quarter. Quest Partners LLC boosted its holdings in shares of KLA by 39.8% in the third quarter. Quest Partners LLC now owns 1,293 shares of the semiconductor company's stock valued at $1,001,000 after buying an additional 368 shares during the period. Finally, Pathstone Holdings LLC increased its position in shares of KLA by 2.1% during the third quarter. Pathstone Holdings LLC now owns 17,764 shares of the semiconductor company's stock worth $13,756,000 after acquiring an additional 367 shares in the last quarter. Institutional investors own 86.65% of the company's stock.

Analysts Set New Price Targets

KLAC has been the topic of several research reports. StockNews.com cut shares of KLA from a "buy" rating to a "hold" rating in a research report on Wednesday, November 27th. Cantor Fitzgerald upped their price objective on KLA from $800.00 to $875.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Morgan Stanley increased their price objective on KLA from $703.00 to $748.00 and gave the stock an "equal weight" rating in a report on Monday, February 3rd. Stifel Nicolaus upped their price target on KLA from $800.00 to $825.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Finally, Needham & Company LLC lifted their price objective on shares of KLA from $800.00 to $830.00 and gave the company a "buy" rating in a report on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, KLA currently has a consensus rating of "Moderate Buy" and a consensus target price of $830.67.

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KLA Stock Performance

KLAC stock traded down $9.97 during mid-day trading on Friday, hitting $706.49. 2,454,762 shares of the company were exchanged, compared to its average volume of 954,804. KLA Co. has a 1-year low of $609.40 and a 1-year high of $896.32. The stock has a market capitalization of $93.88 billion, a PE ratio of 29.71, a price-to-earnings-growth ratio of 1.57 and a beta of 1.30. The business has a 50 day simple moving average of $729.52 and a 200-day simple moving average of $703.53. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64.

KLA (NASDAQ:KLAC - Get Free Report) last announced its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (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%. On average, equities analysts forecast that KLA Co. will post 31.59 earnings per share for the current year.

KLA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th were given a dividend of $1.70 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.96%. KLA's payout ratio is 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.