BFI Infinity Ltd. Purchases Shares of 5,816 KLA Co. (NASDAQ:KLAC)

BFI Infinity Ltd. acquired a new position in shares of KLA Co. (NASDAQ:KLAC) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,816 shares of the semiconductor company’s stock, valued at approximately $3,665,000. KLA makes up approximately 4.0% of BFI Infinity Ltd.’s holdings, making the stock its 8th biggest position.

A number of other large investors have also recently made changes to their positions in KLAC. Legacy Investment Solutions LLC purchased a new position in KLA in the third quarter valued at approximately $29,000. Groupama Asset Managment raised its position in KLA by 82.3% in the third quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 2,038 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in KLA during the third quarter worth about $38,000. FSA Wealth Management LLC purchased a new stake in shares of KLA during the 3rd quarter worth approximately $53,000. Finally, Peterson Financial Group Inc. purchased a new position in KLA in the 3rd quarter valued at approximately $56,000. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Barclays lowered their price target on shares of KLA from $800.00 to $750.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 31st. The Goldman Sachs Group lowered their price objective on KLA from $850.00 to $759.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Morgan Stanley dropped their price target on shares of KLA from $746.00 to $703.00 and set an “equal weight” rating for the company in a research report on Thursday, December 5th. Susquehanna dropped their price target on KLA from $680.00 to $675.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of KLA from $890.00 to $750.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $809.10.

KLA Stock Performance

Shares of NASDAQ KLAC opened at $738.09 on Thursday. The company has a quick ratio of 1.48, a current ratio of 2.13 and a debt-to-equity ratio of 1.65. KLA Co. has a 52-week low of $552.85 and a 52-week high of $896.32. The stock has a market capitalization of $98.73 billion, a price-to-earnings ratio of 33.70, a PEG ratio of 1.47 and a beta of 1.27. The stock’s fifty day simple moving average is $651.44 and its 200 day simple moving average is $726.56.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data 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 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 the consensus estimate of $2.75 billion. During the same quarter in the previous year, the company earned $5.74 EPS. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. As a group, sell-side analysts forecast that KLA Co. will post 30.37 earnings per share for the current fiscal year.

KLA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Monday, November 18th were paid a $1.70 dividend. This is an increase from KLA’s previous quarterly dividend of $1.45. This represents a $6.80 annualized dividend and a yield of 0.92%. The ex-dividend date was Monday, November 18th. KLA’s dividend payout ratio is currently 31.05%.

About KLA

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.