MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Boosts Stock Position in KLA Co. (NASDAQ:KLAC)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its position in shares of KLA Co. (NASDAQ:KLAC) by 0.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,096 shares of the semiconductor company’s stock after buying an additional 224 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in KLA were worth $27,953,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of KLA by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 13,112,261 shares of the semiconductor company’s stock valued at $9,159,832,000 after purchasing an additional 76,226 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in KLA by 1.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,811,766 shares of the semiconductor company’s stock valued at $2,318,329,000 after buying an additional 28,172 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of KLA by 2.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,618,709 shares of the semiconductor company’s stock valued at $1,829,352,000 after buying an additional 71,289 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of KLA by 1.9% in the second quarter. Legal & General Group Plc now owns 1,163,958 shares of the semiconductor company’s stock worth $959,695,000 after buying an additional 21,412 shares during the period. Finally, Van ECK Associates Corp lifted its stake in shares of KLA by 7.9% in the 2nd quarter. Van ECK Associates Corp now owns 1,113,352 shares of the semiconductor company’s stock valued at $917,970,000 after acquiring an additional 81,335 shares during the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on KLAC shares. Oppenheimer initiated coverage on KLA in a research report on Wednesday, September 25th. They set a “market perform” rating and a $750.00 price target on the stock. Wells Fargo & Company lowered their price target on shares of KLA from $950.00 to $870.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Cantor Fitzgerald reiterated a “neutral” rating and set a $925.00 target price on shares of KLA in a report on Tuesday, October 8th. Susquehanna dropped their price objective on KLA from $680.00 to $675.00 and set a “neutral” rating for the company in a report on Friday. Finally, Stifel Nicolaus boosted their target price on KLA from $760.00 to $875.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Ten research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $804.57.

KLA Stock Performance

KLA stock opened at $803.73 on Monday. The stock’s 50 day moving average is $771.73 and its 200 day moving average is $764.31. The company has a market capitalization of $108.21 billion, a P/E ratio of 42.10, a PEG ratio of 1.60 and a beta of 1.27. KLA Co. has a twelve month low of $452.01 and a twelve month high of $896.32. The company has a quick ratio of 1.50, a current ratio of 2.15 and a debt-to-equity ratio of 1.75.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Wednesday, July 24th. The semiconductor company reported $6.60 earnings per share for the quarter, beating the consensus estimate of $6.15 by $0.45. KLA had a return on equity of 103.50% and a net margin of 28.15%. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period last year, the company earned $5.40 earnings per share. The company’s revenue was up 9.1% on a year-over-year basis. On average, equities research analysts predict that KLA Co. will post 29.13 earnings per share for the current fiscal year.

KLA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were issued a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend was Thursday, August 15th. KLA’s payout ratio is 30.38%.

Insider Activity at KLA

In other KLA news, EVP Mary Beth Wilkinson sold 2,611 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $652.17, for a total transaction of $1,702,815.87. Following the sale, the executive vice president now directly owns 9,298 shares in the company, valued at approximately $6,063,876.66. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CAO Virendra A. Kirloskar sold 825 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $649.84, for a total transaction of $536,118.00. Following the completion of the transaction, the chief accounting officer now directly owns 4,231 shares of the company’s stock, valued at $2,749,473.04. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mary Beth Wilkinson sold 2,611 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $652.17, for a total transaction of $1,702,815.87. Following the completion of the sale, the executive vice president now owns 9,298 shares in the company, valued at $6,063,876.66. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,873 shares of company stock valued at $14,532,193 over the last 90 days. Corporate insiders own 0.12% of the company’s stock.

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.