DekaBank Deutsche Girozentrale reduced its holdings in KLA Co. (NASDAQ:KLAC – Free Report) by 0.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,628 shares of the semiconductor company’s stock after selling 1,113 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.10% of KLA worth $54,233,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. V Square Quantitative Management LLC bought a new stake in shares of KLA in the 1st quarter worth approximately $202,000. Penserra Capital Management LLC increased its position in shares of KLA by 169.9% in the first quarter. Penserra Capital Management LLC now owns 12,594 shares of the semiconductor company’s stock worth $5,025,000 after acquiring an additional 7,928 shares in the last quarter. Fifth Third Bancorp increased its position in shares of KLA by 12.8% in the first quarter. Fifth Third Bancorp now owns 3,846 shares of the semiconductor company’s stock worth $1,535,000 after acquiring an additional 437 shares in the last quarter. AMF Tjanstepension AB increased its position in shares of KLA by 13.3% in the first quarter. AMF Tjanstepension AB now owns 12,340 shares of the semiconductor company’s stock worth $4,926,000 after acquiring an additional 1,450 shares in the last quarter. Finally, Fortem Financial Group LLC increased its position in shares of KLA by 87.4% in the first quarter. Fortem Financial Group LLC now owns 7,716 shares of the semiconductor company’s stock worth $3,080,000 after acquiring an additional 3,599 shares in the last quarter. 88.63% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
KLAC has been the topic of several analyst reports. BNP Paribas downgraded shares of KLA from an “outperform” rating to a “neutral” rating and set a $435.00 target price on the stock. in a research report on Thursday, April 6th. Needham & Company LLC downgraded shares of KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. Stifel Nicolaus dropped their target price on shares of KLA from $505.00 to $445.00 and set a “buy” rating on the stock in a research report on Tuesday, April 18th. Finally, StockNews.com started coverage on shares of KLA in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, KLA presently has an average rating of “Hold” and a consensus price target of $404.00.
Insider Buying and Selling at KLA
KLA Price Performance
NASDAQ KLAC opened at $455.83 on Friday. The company has a quick ratio of 1.54, a current ratio of 2.35 and a debt-to-equity ratio of 2.20. The stock has a market capitalization of $62.54 billion, a PE ratio of 18.59, a price-to-earnings-growth ratio of 3.45 and a beta of 1.35. The company has a 50 day moving average price of $440.94 and a two-hundred day moving average price of $407.00. KLA Co. has a 12-month low of $250.20 and a 12-month high of $488.41.
KLA (NASDAQ:KLAC – Free Report) last posted its earnings results on Wednesday, April 26th. The semiconductor company reported $5.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.30 by $0.19. The firm had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.38 billion. KLA had a net margin of 33.01% and a return on equity of 167.59%. The company’s revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company earned $5.13 earnings per share. As a group, equities analysts predict that KLA Co. will post 24.88 earnings per share for the current fiscal year.
KLA Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Monday, May 15th were paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend was Friday, May 12th. KLA’s dividend payout ratio (DPR) is presently 21.21%.
KLA Profile
KLA Corporation designs, manufactures, and markets process control, process-enabling, and yield management solutions for the semiconductor and related electronics industries worldwide. It operates through four segments: Semiconductor Process Control; Specialty Semiconductor Process; PCB, Display and Component Inspection; and Other.
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