DekaBank Deutsche Girozentrale Has $203.31 Million Holdings in KLA Corporation (NASDAQ:KLAC)

DekaBank Deutsche Girozentrale lessened its position in KLA Corporation (NASDAQ:KLAC - Free Report) by 2.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 309,546 shares of the semiconductor company's stock after selling 7,874 shares during the period. DekaBank Deutsche Girozentrale owned about 0.23% of KLA worth $203,307,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of KLAC. Norges Bank purchased a new position in shares of KLA in the fourth quarter valued at $1,175,756,000. GAMMA Investing LLC boosted its stake in KLA by 95,141.6% during the 1st quarter. GAMMA Investing LLC now owns 1,674,347 shares of the semiconductor company's stock valued at $1,138,221,000 after acquiring an additional 1,672,589 shares during the last quarter. Parnassus Investments LLC boosted its stake in KLA by 381.3% during the 4th quarter. Parnassus Investments LLC now owns 733,328 shares of the semiconductor company's stock valued at $462,085,000 after acquiring an additional 580,967 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in KLA by 33.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,191,262 shares of the semiconductor company's stock valued at $750,638,000 after acquiring an additional 300,015 shares during the last quarter. Finally, Capital Research Global Investors bought a new position in KLA during the 4th quarter valued at $187,212,000. Institutional investors and hedge funds own 86.65% of the company's stock.

Insider Transactions at KLA

In related news, CFO Bren D. Higgins sold 1,019 shares of the stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $766.46, for a total transaction of $781,022.74. Following the completion of the sale, the chief financial officer directly owned 27,779 shares in the company, valued at approximately $21,291,492.34. This trade represents a 3.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard P. Wallace sold 10,802 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $683.30, for a total value of $7,381,006.60. Following the sale, the chief executive officer owned 78,740 shares of the company's stock, valued at approximately $53,803,042. This represents a 12.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,860 shares of company stock valued at $8,196,798 over the last quarter. Company insiders own 0.12% of the company's stock.

Wall Street Analysts Forecast Growth

KLAC has been the topic of a number of research analyst reports. Citigroup reiterated a "buy" rating and set a $1,035.00 price objective (up from $835.00) on shares of KLA in a research note on Monday. The Goldman Sachs Group initiated coverage on shares of KLA in a research note on Thursday. They set a "neutral" rating and a $980.00 price objective on the stock. Oppenheimer increased their price objective on shares of KLA from $740.00 to $950.00 and gave the company an "outperform" rating in a research note on Tuesday, June 17th. Barclays dropped their target price on shares of KLA from $760.00 to $590.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Finally, Morgan Stanley increased their target price on shares of KLA from $868.00 to $916.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Eleven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $840.33.

KLA Price Performance

KLAC traded down $1.02 on Friday, reaching $927.61. The company had a trading volume of 139,231 shares, compared to its average volume of 1,133,691. The company has a fifty day moving average of $822.31 and a 200-day moving average of $740.94. The company has a market capitalization of $122.67 billion, a P/E ratio of 33.65, a PEG ratio of 1.72 and a beta of 1.42. The company has a current ratio of 2.54, a quick ratio of 1.74 and a debt-to-equity ratio of 1.47. KLA Corporation has a one year low of $551.33 and a one year high of $932.17.

KLA (NASDAQ:KLAC - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The semiconductor company reported $8.41 earnings per share for the quarter, beating the consensus estimate of $8.08 by $0.33. KLA had a net margin of 31.99% and a return on equity of 112.97%. The company had revenue of $3.06 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same quarter last year, the firm posted $5.26 EPS. The business's revenue for the quarter was up 35.5% on a year-over-year basis. As a group, equities research analysts anticipate that KLA Corporation will post 31.59 earnings per share for the current year.

KLA announced that its Board of Directors has authorized a share repurchase program on Wednesday, April 30th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the semiconductor company to buy up to 5.4% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

KLA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th were given a $1.90 dividend. This represents a $7.60 annualized dividend and a dividend yield of 0.82%. The ex-dividend date was Monday, May 19th. This is a boost from KLA's previous quarterly dividend of $1.70. KLA's dividend payout ratio (DPR) is 27.63%.

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.