MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Purchases 3,156 Shares of KLA Co. (NASDAQ:KLAC)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its position in shares of KLA Co. (NASDAQ:KLAC) by 8.7% in the fourth quarter, Holdings Channel reports. The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. XTX Topco Ltd acquired a new stake in KLA in the 2nd quarter valued at approximately $297,000. AE Wealth Management LLC bought a new stake in shares of KLA in the second quarter valued at approximately $256,000. Evergreen Capital Management LLC grew its stake in shares of KLA by 8.6% in the second quarter. Evergreen Capital Management LLC now owns 832 shares of the semiconductor company’s stock worth $686,000 after acquiring an additional 66 shares during the last quarter. Fred Alger Management LLC increased its position in KLA by 5.6% during the second quarter. Fred Alger Management LLC now owns 30,539 shares of the semiconductor company’s stock worth $25,180,000 after acquiring an additional 1,624 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new position in KLA during the 2nd quarter valued at $693,000. 86.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on KLAC. Cantor Fitzgerald restated a “neutral” rating and issued a $925.00 price target on shares of KLA in a research report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft decreased their target price on KLA from $890.00 to $750.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Morgan Stanley cut their price target on KLA from $746.00 to $703.00 and set an “equal weight” rating for the company in a report on Thursday, December 5th. Susquehanna upped their target price on KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Oppenheimer raised KLA from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $750.00 to $850.00 in a research report on Thursday, October 31st. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $806.35.

KLA Trading Down 1.4 %

Shares of KLAC opened at $760.95 on Friday. The stock has a fifty day moving average price of $661.42 and a two-hundred day moving average price of $723.50. 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 company 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 Co. has a 52-week low of $581.70 and a 52-week high of $896.32.

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

KLA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were given a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend was Monday, November 18th. This is a boost from KLA’s previous quarterly dividend of $1.45. KLA’s payout ratio is 31.05%.

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.