Tokio Marine Asset Management Co. Ltd. Buys 141 Shares of KLA Co. (NASDAQ:KLAC)

Tokio Marine Asset Management Co. Ltd. increased its stake in KLA Co. (NASDAQ:KLAC) by 3.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 3,861 shares of the semiconductor company’s stock after buying an additional 141 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in KLA were worth $2,990,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KLAC. Cedar Wealth Management LLC grew its holdings in KLA by 77.3% during the 1st quarter. Cedar Wealth Management LLC now owns 39 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 17 shares in the last quarter. Family Firm Inc. purchased a new position in KLA during the second quarter valued at approximately $30,000. Capital Performance Advisors LLP bought a new stake in KLA during the 3rd quarter worth approximately $38,000. 1620 Investment Advisors Inc. purchased a new stake in KLA in the 2nd quarter worth approximately $44,000. Finally, LRI Investments LLC purchased a new position in shares of KLA during the 1st quarter valued at $45,000. 86.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on KLAC. The Goldman Sachs Group lifted their price objective on KLA from $735.00 to $838.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. TD Cowen dropped their price target on KLA from $760.00 to $725.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. Argus upped their price objective on shares of KLA from $800.00 to $875.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Barclays dropped their target price on shares of KLA from $800.00 to $750.00 and set an “equal weight” rating for the company in a research report on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of KLA from $890.00 to $750.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $802.90.

KLA Stock Up 0.1 %

NASDAQ KLAC opened at $645.00 on Friday. The business’s 50-day moving average is $724.45 and its 200 day moving average is $764.10. The stock has a market capitalization of $86.28 billion, a PE ratio of 29.45, a PEG ratio of 1.36 and a beta of 1.29. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.13 and a quick ratio of 1.48. KLA Co. has a 1 year low of $527.11 and a 1 year high of $896.32.

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

KLA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Monday, November 18th will be given a dividend of $1.70 per share. The ex-dividend date is Monday, November 18th. This represents a $6.80 annualized dividend and a dividend yield of 1.05%. This is a boost from KLA’s previous quarterly dividend of $1.45. KLA’s payout ratio is currently 26.48%.

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.