Aigen Investment Management LP Lowers Holdings in KLA Co. (NASDAQ:KLAC)

Aigen Investment Management LP lowered its position in shares of KLA Co. (NASDAQ:KLAC) by 82.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 346 shares of the semiconductor company’s stock after selling 1,601 shares during the period. Aigen Investment Management LP’s holdings in KLA were worth $218,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Swedbank AB lifted its position in shares of KLA by 0.4% in the 3rd quarter. Swedbank AB now owns 550,949 shares of the semiconductor company’s stock worth $426,660,000 after purchasing an additional 2,019 shares during the period. M&G PLC bought a new position in KLA in the third quarter worth approximately $820,000. Capital Performance Advisors LLP purchased a new stake in KLA during the third quarter worth $38,000. Equitable Trust Co. lifted its holdings in KLA by 9.3% during the third quarter. Equitable Trust Co. now owns 1,119 shares of the semiconductor company’s stock worth $867,000 after buying an additional 95 shares during the period. Finally, CWA Asset Management Group LLC bought a new stake in KLA during the 3rd quarter valued at $2,242,000. 86.65% of the stock is currently owned by institutional investors.

KLA Stock Performance

Shares of KLAC stock opened at $711.29 on Monday. The company has a market capitalization of $94.52 billion, a P/E ratio of 29.91, a P/E/G ratio of 1.57 and a beta of 1.30. KLA Co. has a 12-month low of $609.40 and a 12-month high of $896.32. The business’s 50 day moving average is $722.21 and its two-hundred day moving average is $710.04. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64.

KLA (NASDAQ:KLAC) last released its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%. Analysts expect that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Monday, February 24th were given 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 0.96%. KLA’s dividend payout ratio (DPR) is presently 28.60%.

Analyst Upgrades and Downgrades

KLAC has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. StockNews.com cut shares of KLA from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. The Goldman Sachs Group upped their price target on KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Barclays increased their price objective on shares of KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Finally, UBS Group increased their price objective on shares of KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, KLA has an average rating of “Moderate Buy” and a consensus target price of $831.68.

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.