Vinva Investment Management Ltd Acquires 100 Shares of KLA Co. (NASDAQ:KLAC)

Vinva Investment Management Ltd grew its holdings in KLA Co. (NASDAQ:KLAC) by 1.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,252 shares of the semiconductor company’s stock after buying an additional 100 shares during the period. Vinva Investment Management Ltd’s holdings in KLA were worth $7,239,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Family Firm Inc. purchased a new position in KLA during the 2nd quarter worth $30,000. Capital Performance Advisors LLP acquired a new position in KLA during the third quarter worth $38,000. 1620 Investment Advisors Inc. purchased a new position in shares of KLA in the second quarter valued at approximately $44,000. LRI Investments LLC acquired a new stake in KLA during the 1st quarter worth $45,000. Finally, Olistico Wealth LLC acquired a new position in shares of KLA during the 2nd quarter worth approximately $53,000. 86.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KLAC has been the subject of a number of research analyst reports. TD Cowen lowered their price target on KLA from $760.00 to $725.00 and set a “hold” rating for the company in a report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft dropped their price objective on KLA from $890.00 to $750.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Susquehanna reduced their target price on shares of KLA from $680.00 to $675.00 and set a “neutral” rating for the company in a report on Friday, October 11th. StockNews.com cut shares of KLA from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Citigroup decreased their price objective on shares of KLA from $960.00 to $900.00 and set a “buy” rating on the stock in a report on Monday, September 16th. Eight analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $815.55.

KLA Price Performance

Shares of KLAC stock opened at $632.14 on Thursday. KLA Co. has a 52 week low of $527.11 and a 52 week high of $896.32. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.48 and a current ratio of 2.13. The stock’s fifty day moving average is $704.38 and its 200-day moving average is $758.96. The stock has a market capitalization of $84.56 billion, a PE ratio of 28.86, a PEG ratio of 1.36 and a beta of 1.29.

KLA (NASDAQ:KLAC) last released its earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.03 by $0.30. KLA had a net margin of 28.92% and a return on equity of 105.16%. The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.75 billion. During the same period in the prior year, the company posted $5.74 EPS. The company’s revenue was up 18.5% compared to the same quarter last year. Equities research analysts expect that KLA Co. will post 30.91 EPS for the current fiscal year.

KLA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Monday, November 18th will be issued a dividend of $1.70 per share. The ex-dividend date of this dividend is Monday, November 18th. This is an increase from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 dividend on an annualized basis and a dividend yield of 1.08%. KLA’s dividend payout ratio (DPR) is presently 31.05%.

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.