KLA Co. (NASDAQ:KLAC) Holdings Raised by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its position in shares of KLA Co. (NASDAQ:KLAC) by 8.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,252 shares of the semiconductor company’s stock after acquiring an additional 3,156 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in KLA were worth $24,872,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in KLAC. Legacy Investment Solutions LLC acquired a new position in KLA during the 3rd quarter valued at approximately $29,000. Capital Performance Advisors LLP bought a new stake in KLA in the third quarter valued at $38,000. FSA Wealth Management LLC acquired a new position in shares of KLA during the third quarter valued at $53,000. Peterson Financial Group Inc. bought a new position in shares of KLA during the third quarter worth about $56,000. Finally, Prospera Private Wealth LLC acquired a new stake in shares of KLA in the 3rd quarter worth about $58,000. 86.65% of the stock is currently owned by institutional investors.

KLA Stock Performance

Shares of KLAC opened at $760.95 on Friday. KLA Co. has a one year low of $581.70 and a one year high of $896.32. The company has a 50-day moving average of $661.42 and a two-hundred day moving average of $723.50. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.13 and a quick ratio of 1.48. The stock has a market cap of $101.78 billion, a price-to-earnings ratio of 34.75, a PEG ratio of 1.66 and a beta of 1.27.

KLA (NASDAQ:KLAC) last posted its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share for the quarter, topping analysts’ consensus estimates of $7.03 by $0.30. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.75 billion. KLA had a return on equity of 105.16% and a net margin of 28.92%. The business’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period last year, the business earned $5.74 EPS. On average, equities research analysts expect that KLA Co. will post 30.34 earnings per share for the current year.

KLA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Monday, November 18th were issued a dividend of $1.70 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.89%. This is an increase from KLA’s previous quarterly dividend of $1.45. KLA’s dividend payout ratio (DPR) is currently 31.05%.

Wall Street Analysts Forecast Growth

KLAC has been the subject of a number of analyst reports. Wells Fargo & Company reduced their target price on shares of KLA from $800.00 to $795.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Morgan Stanley reduced their price objective on KLA from $746.00 to $703.00 and set an “equal weight” rating for the company in a research report on Thursday, December 5th. Oppenheimer upgraded KLA from a “market perform” rating to an “outperform” rating and raised their target price for the company from $750.00 to $850.00 in a research report on Thursday, October 31st. UBS Group boosted their price target on KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Susquehanna raised their price target on KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, KLA presently has a consensus rating of “Moderate Buy” and a consensus price target of $806.35.

KLA Company 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.