Capital Fund Management S.A. Invests $23.99 Million in KLA Co. (NASDAQ:KLAC)

Capital Fund Management S.A. acquired a new position in shares of KLA Co. (NASDAQ:KLACGet Rating) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 55,775 shares of the semiconductor company’s stock, valued at approximately $23,989,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Maj Invest Holding A S acquired a new stake in KLA during the fourth quarter worth about $241,793,000. Assenagon Asset Management S.A. lifted its position in KLA by 699.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 336,568 shares of the semiconductor company’s stock worth $144,761,000 after buying an additional 294,487 shares in the last quarter. Morgan Stanley lifted its position in KLA by 30.4% during the third quarter. Morgan Stanley now owns 1,070,554 shares of the semiconductor company’s stock worth $358,111,000 after buying an additional 249,580 shares in the last quarter. Wellington Management Group LLP lifted its position in KLA by 4.2% during the third quarter. Wellington Management Group LLP now owns 5,678,477 shares of the semiconductor company’s stock worth $1,899,505,000 after buying an additional 228,900 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in KLA by 10.6% in the third quarter. Bank of New York Mellon Corp now owns 2,281,119 shares of the semiconductor company’s stock valued at $763,056,000 after purchasing an additional 218,658 shares during the period. Hedge funds and other institutional investors own 87.13% of the company’s stock.

NASDAQ KLAC traded up $3.97 on Thursday, hitting $315.60. 1,498,119 shares of the stock were exchanged, compared to its average volume of 1,495,713. The company’s 50-day moving average price is $340.20 and its two-hundred day moving average price is $376.96. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.33 and a quick ratio of 1.63. KLA Co. has a 52-week low of $286.58 and a 52-week high of $457.12. The company has a market capitalization of $47.10 billion, a price-to-earnings ratio of 15.32, a P/E/G ratio of 0.82 and a beta of 1.28.

KLA (NASDAQ:KLACGet Rating) last released its earnings results on Thursday, April 28th. The semiconductor company reported $5.13 earnings per share for the quarter, topping analysts’ consensus estimates of $4.82 by $0.31. KLA had a net margin of 36.41% and a return on equity of 78.72%. The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.20 billion. During the same quarter in the previous year, the business earned $3.85 EPS. The business’s revenue was up 26.9% on a year-over-year basis. Equities analysts predict that KLA Co. will post 20.91 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Monday, May 16th will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Friday, May 13th. This represents a $4.20 annualized dividend and a yield of 1.33%. KLA’s dividend payout ratio is 20.39%.

In other news, CFO Bren D. Higgins sold 1,418 shares of the company’s stock in a transaction that occurred on Tuesday, February 22nd. The shares were sold at an average price of $355.06, for a total transaction of $503,475.08. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

A number of equities research analysts have recently weighed in on KLAC shares. KeyCorp dropped their price objective on KLA from $480.00 to $440.00 and set an “overweight” rating for the company in a research note on Friday, March 18th. Susquehanna Bancshares boosted their target price on KLA from $490.00 to $510.00 and gave the stock a “positive” rating in a research note on Friday, January 28th. Cowen boosted their target price on KLA from $375.00 to $415.00 in a research note on Friday, January 28th. Barclays lowered their target price on KLA from $400.00 to $365.00 and set an “equal weight” rating for the company in a research note on Monday, April 25th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on KLA from $475.00 to $425.00 and set a “buy” rating for the company in a research note on Wednesday, April 13th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $437.40.

KLA Profile (Get Rating)

KLA Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the semiconductor fabrication process.

Further Reading

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Institutional Ownership by Quarter for KLA (NASDAQ:KLAC)

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