Robeco Institutional Asset Management B.V. Trims Stock Position in KLA Co. (NASDAQ:KLAC)

Robeco Institutional Asset Management B.V. lessened its position in shares of KLA Co. (NASDAQ:KLAC - Free Report) by 55.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 41,853 shares of the semiconductor company's stock after selling 52,567 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in KLA were worth $24,329,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Personalized Indexing Management LLC lifted its position in KLA by 13.1% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 9,480 shares of the semiconductor company's stock valued at $5,511,000 after purchasing an additional 1,096 shares during the last quarter. Intact Investment Management Inc. lifted its stake in KLA by 7.4% during the fourth quarter. Intact Investment Management Inc. now owns 1,450 shares of the semiconductor company's stock worth $843,000 after purchasing an additional 100 shares during the last quarter. Baader Bank Aktiengesellschaft purchased a new position in shares of KLA in the 4th quarter worth about $4,559,000. State of Michigan Retirement System increased its position in shares of KLA by 5.9% during the 4th quarter. State of Michigan Retirement System now owns 39,668 shares of the semiconductor company's stock valued at $23,059,000 after purchasing an additional 2,200 shares during the last quarter. Finally, Meritage Portfolio Management raised its holdings in shares of KLA by 6.8% during the 4th quarter. Meritage Portfolio Management now owns 26,626 shares of the semiconductor company's stock valued at $15,478,000 after buying an additional 1,692 shares in the last quarter. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on KLAC shares. Citigroup increased their price target on shares of KLA from $725.00 to $760.00 and gave the company a "buy" rating in a research report on Monday, April 29th. Needham & Company LLC reiterated a "hold" rating on shares of KLA in a research report on Friday, April 26th. Morgan Stanley upped their price target on shares of KLA from $692.00 to $698.00 and gave the company an "equal weight" rating in a research report on Friday, April 26th. Jefferies Financial Group began coverage on KLA in a report on Monday, May 13th. They issued a "buy" rating and a $820.00 price objective on the stock. Finally, Barclays increased their target price on KLA from $550.00 to $630.00 and gave the company an "underweight" rating in a report on Friday, April 26th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $727.15.

KLA Stock Down 0.2 %

Shares of NASDAQ:KLAC traded down $1.80 during midday trading on Friday, reaching $747.68. The company's stock had a trading volume of 585,874 shares, compared to its average volume of 861,822. The company has a quick ratio of 1.46, a current ratio of 2.14 and a debt-to-equity ratio of 1.90. The firm has a 50 day moving average of $693.70 and a 200-day moving average of $625.04. The firm has a market capitalization of $100.67 billion, a P/E ratio of 39.17, a PEG ratio of 3.19 and a beta of 1.33. KLA Co. has a 12-month low of $404.80 and a 12-month high of $763.93.

KLA (NASDAQ:KLAC - Get Free Report) last released its earnings results on Thursday, April 25th. The semiconductor company reported $5.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.94 by $0.32. The firm had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.31 billion. KLA had a net margin of 27.19% and a return on equity of 102.37%. The business's revenue was down 3.0% on a year-over-year basis. During the same period last year, the business earned $5.49 earnings per share. On average, research analysts anticipate that KLA Co. will post 23.3 earnings per share for the current year.

KLA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be paid a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Tuesday, May 14th. KLA's payout ratio is 30.38%.

Insider Activity at KLA

In related news, EVP Oreste Donzella sold 3,257 shares of the company's stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $697.85, for a total value of $2,272,897.45. Following the transaction, the executive vice president now directly owns 16,922 shares of the company's stock, valued at approximately $11,809,017.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Oreste Donzella sold 3,257 shares of the business's stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $697.85, for a total transaction of $2,272,897.45. Following the completion of the transaction, the executive vice president now directly owns 16,922 shares of the company's stock, valued at $11,809,017.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Bren D. Higgins sold 7,018 shares of the firm's stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $705.04, for a total transaction of $4,947,970.72. Following the completion of the sale, the chief financial officer now owns 32,375 shares in the company, valued at approximately $22,825,670. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,284 shares of company stock valued at $17,260,138. 0.12% of the stock is owned by insiders.

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 three segments: Semiconductor Process Control; Specialty Semiconductor Process; and PCB, Display and Component Inspection.

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