Stenger Family Office LLC Buys Shares of 1,098 KLA Co. (NASDAQ:KLAC)

Stenger Family Office LLC acquired a new position in KLA Co. (NASDAQ:KLAC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,098 shares of the semiconductor company's stock, valued at approximately $692,000.

Several other institutional investors have also recently made changes to their positions in KLAC. Tortoise Investment Management LLC lifted its holdings in shares of KLA by 300.0% in the 4th quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company's stock valued at $30,000 after buying an additional 36 shares during the period. TCTC Holdings LLC acquired a new position in KLA in the fourth quarter valued at approximately $31,000. Kohmann Bosshard Financial Services LLC purchased a new stake in KLA in the 4th quarter worth approximately $32,000. Fairfield Financial Advisors LTD grew its stake in shares of KLA by 160.0% during the 4th quarter. Fairfield Financial Advisors LTD now owns 65 shares of the semiconductor company's stock worth $41,000 after purchasing an additional 40 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in shares of KLA during the 4th quarter valued at approximately $43,000. Hedge funds and other institutional investors own 86.65% of the company's stock.

KLA Price Performance

KLAC traded down $7.76 during trading on Friday, reaching $634.43. The company's stock had a trading volume of 1,224,102 shares, compared to its average volume of 1,058,435. The company has a market cap of $84.31 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 1.57 and a beta of 1.37. The firm has a fifty day simple moving average of $695.14 and a two-hundred day simple moving average of $690.92. KLA Co. has a 1 year low of $551.33 and a 1 year high of $896.32. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64.

KLA (NASDAQ:KLAC - Get Free Report) last issued its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. As a group, analysts anticipate that KLA Co. will post 31.59 EPS for the current year.

KLA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th were issued a dividend of $1.70 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 1.07%. KLA's dividend payout ratio is currently 28.60%.

Insider Activity

In other news, CFO Bren D. Higgins sold 7,008 shares of the company's stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $724.62, for a total value of $5,078,136.96. Following the transaction, the chief financial officer now owns 28,798 shares of the company's stock, valued at $20,867,606.76. This represents a 19.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.12% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on KLAC. Needham & Company LLC raised their price target on shares of KLA from $800.00 to $830.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Barclays lifted their price target on KLA from $700.00 to $760.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. Stifel Nicolaus reduced their price target on KLA from $825.00 to $750.00 and set a "buy" rating for the company in a report on Tuesday. UBS Group raised their price objective on KLA from $665.00 to $780.00 and gave the company a "neutral" rating in a report on Tuesday, January 21st. Finally, The Goldman Sachs Group upped their target price on KLA from $759.00 to $864.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, KLA has a consensus rating of "Moderate Buy" and an average target price of $814.11.

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.