KLA Co. (NASDAQ:KLAC) Shares Bought by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp grew its position in KLA Co. (NASDAQ:KLAC) by 37.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 140,927 shares of the semiconductor company’s stock after purchasing an additional 38,713 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in KLA were worth $88,801,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new position in KLA in the 3rd quarter worth approximately $29,000. Tortoise Investment Management LLC increased its stake in shares of KLA by 300.0% in the fourth quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 36 shares during the period. TCTC Holdings LLC purchased a new position in shares of KLA during the fourth quarter worth $31,000. Kohmann Bosshard Financial Services LLC acquired a new position in KLA during the fourth quarter valued at $32,000. Finally, Groupama Asset Managment lifted its position in KLA by 82.3% during the third quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 2,038 shares during the period. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Stock Performance

KLA stock opened at $727.73 on Tuesday. The stock has a market cap of $96.71 billion, a price-to-earnings ratio of 30.60, a price-to-earnings-growth ratio of 1.57 and a beta of 1.30. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63. The firm has a 50 day simple moving average of $730.26 and a 200-day simple moving average of $703.24. KLA Co. has a 1-year low of $609.40 and a 1-year high of $896.32.

KLA (NASDAQ:KLAC) last announced its 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 return on equity of 108.60% and a net margin of 29.58%. On average, analysts expect that KLA Co. will post 31.59 EPS for the current year.

KLA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders 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 0.93%. KLA’s dividend payout ratio is presently 28.60%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on KLAC shares. Barclays lifted their price objective on KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Cantor Fitzgerald increased their price target on KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. StockNews.com cut KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. UBS Group increased their target price on KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, KLA currently has a consensus rating of “Moderate Buy” and a consensus price target of $830.67.

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.