APG Asset Management US Inc. Increases Holdings in KLA Co. (NASDAQ:KLAC)

APG Asset Management US Inc. increased its position in shares of KLA Co. (NASDAQ:KLAC) by 2.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,437 shares of the semiconductor company’s stock after purchasing an additional 884 shares during the quarter. APG Asset Management US Inc.’s holdings in KLA were worth $35,129,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Swedbank AB purchased a new position in shares of KLA during the first quarter worth $379,678,000. Wellington Management Group LLP raised its stake in shares of KLA by 12.2% during the 4th quarter. Wellington Management Group LLP now owns 3,546,308 shares of the semiconductor company’s stock valued at $2,061,469,000 after buying an additional 386,810 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of KLA by 25.7% in the 1st quarter. Van ECK Associates Corp now owns 1,032,017 shares of the semiconductor company’s stock valued at $720,936,000 after buying an additional 211,227 shares during the period. 1832 Asset Management L.P. boosted its stake in shares of KLA by 2,205.8% in the second quarter. 1832 Asset Management L.P. now owns 201,592 shares of the semiconductor company’s stock worth $166,215,000 after buying an additional 192,849 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in KLA by 136.2% during the first quarter. DekaBank Deutsche Girozentrale now owns 309,546 shares of the semiconductor company’s stock worth $214,667,000 after acquiring an additional 178,474 shares during the period. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Richard P. Wallace sold 17,437 shares of KLA stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $705.01, for a total value of $12,293,259.37. Following the completion of the transaction, the chief executive officer now directly owns 105,329 shares in the company, valued at $74,257,998.29. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP Brian Lorig sold 44 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $819.40, for a total transaction of $36,053.60. Following the sale, the executive vice president now directly owns 14,211 shares in the company, valued at $11,644,493.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard P. Wallace sold 17,437 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $705.01, for a total transaction of $12,293,259.37. Following the completion of the sale, the chief executive officer now directly owns 105,329 shares in the company, valued at approximately $74,257,998.29. The disclosure for this sale can be found here. Insiders sold a total of 20,917 shares of company stock worth $14,568,247 over the last 90 days. Corporate insiders own 0.12% of the company’s stock.

KLA Stock Up 0.2 %

NASDAQ KLAC opened at $772.06 on Thursday. The company has a quick ratio of 1.50, a current ratio of 2.15 and a debt-to-equity ratio of 1.75. KLA Co. has a 52 week low of $440.15 and a 52 week high of $896.32. The business’s fifty day simple moving average is $769.11 and its 200-day simple moving average is $756.05. The firm has a market cap of $103.95 billion, a PE ratio of 40.44, a P/E/G ratio of 1.51 and a beta of 1.28.

KLA (NASDAQ:KLAC) last released its quarterly earnings results on Wednesday, July 24th. The semiconductor company reported $6.60 EPS for the quarter, topping analysts’ consensus estimates of $6.15 by $0.45. The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.52 billion. KLA had a return on equity of 103.50% and a net margin of 28.15%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.40 earnings per share. As a group, equities analysts anticipate that KLA Co. will post 29.09 earnings per share for the current year.

KLA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were paid a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a yield of 0.75%. The ex-dividend date was Thursday, August 15th. KLA’s payout ratio is currently 30.38%.

Analyst Ratings Changes

KLAC has been the subject of a number of analyst reports. Citigroup decreased their price target on KLA from $960.00 to $900.00 and set a “buy” rating for the company in a report on Monday, September 16th. Argus increased their price target on shares of KLA from $800.00 to $875.00 and gave the stock a “buy” rating in a report on Friday, July 26th. TD Cowen raised their price target on shares of KLA from $700.00 to $760.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. upped their price objective on shares of KLA from $800.00 to $950.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $950.00 target price on shares of KLA in a research report on Thursday, July 25th. Ten investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $809.81.

KLA Company Profile

KLA Corporation designs, manufactures, and markets 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, Display and Component Inspection.