Voya Investment Management LLC Has $52.16 Million Holdings in KLA Co. (NASDAQ:KLAC)

Voya Investment Management LLC cut its position in shares of KLA Co. (NASDAQ:KLAC - Free Report) by 22.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 82,772 shares of the semiconductor company's stock after selling 23,670 shares during the quarter. Voya Investment Management LLC owned about 0.06% of KLA worth $52,156,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Diversify Advisory Services LLC boosted its position in shares of KLA by 22.7% in the fourth quarter. Diversify Advisory Services LLC now owns 648 shares of the semiconductor company's stock worth $443,000 after buying an additional 120 shares during the period. Hennion & Walsh Asset Management Inc. increased its stake in KLA by 27.6% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 9,778 shares of the semiconductor company's stock valued at $6,161,000 after purchasing an additional 2,112 shares during the last quarter. Milestone Asset Management LLC bought a new stake in KLA during the fourth quarter valued at $1,563,000. AEGON ASSET MANAGEMENT UK Plc increased its stake in KLA by 15.2% during the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 60,834 shares of the semiconductor company's stock valued at $38,326,000 after purchasing an additional 8,028 shares during the last quarter. Finally, Fiduciary Alliance LLC acquired a new position in shares of KLA during the fourth quarter valued at $1,190,000. 86.65% of the stock is currently owned by institutional investors and hedge funds.

KLA Stock Performance

KLAC traded down $17.55 during trading on Thursday, hitting $685.14. The stock had a trading volume of 623,289 shares, compared to its average volume of 1,059,066. The firm has a market cap of $91.05 billion, a PE ratio of 28.87, a P/E/G ratio of 1.57 and a beta of 1.37. KLA Co. has a 12 month low of $551.33 and a 12 month high of $896.32. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. The company has a 50 day simple moving average of $681.17 and a 200-day simple moving average of $684.52.

KLA (NASDAQ:KLAC - Get Free Report) last announced its earnings results on Wednesday, April 30th. The semiconductor company reported $8.41 EPS for the quarter, topping the consensus estimate of $8.08 by $0.33. The firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.01 billion. KLA had a net margin of 29.58% and a return on equity of 108.60%. The business's quarterly revenue was up 35.5% on a year-over-year basis. During the same quarter last year, the firm posted $5.26 EPS. Analysts expect that KLA Co. will post 31.59 EPS for the current year.

KLA announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, April 30th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to repurchase up to 5.4% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its shares are undervalued.

KLA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th were issued a dividend of $1.70 per share. The ex-dividend date was Monday, February 24th. This represents a $6.80 annualized dividend and a dividend yield of 0.99%. KLA's payout ratio is 28.60%.

Insider Transactions at KLA

In other news, CFO Bren D. Higgins sold 7,008 shares of KLA stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $724.62, for a total transaction of $5,078,136.96. Following the sale, the chief financial officer now directly owns 28,798 shares in the company, valued at approximately $20,867,606.76. The trade was a 19.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.12% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Cantor Fitzgerald boosted their price target on shares of KLA from $800.00 to $875.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Citigroup dropped their price target on shares of KLA from $910.00 to $800.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Susquehanna boosted their price objective on KLA from $620.00 to $655.00 and gave the stock a "neutral" rating in a report on Wednesday, January 22nd. Needham & Company LLC restated a "buy" rating and set a $830.00 price objective on shares of KLA in a report on Thursday. Finally, TD Cowen raised their price target on shares of KLA from $770.00 to $800.00 and gave the stock a "hold" rating in a report on Thursday. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $809.42.

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.