Transce3nd LLC acquired a new position in KLA Co. (NASDAQ:KLAC - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 659 shares of the semiconductor company's stock, valued at approximately $423,000.
Several other hedge funds and other institutional investors have also bought and sold shares of KLAC. M&T Bank Corp grew its position in KLA by 0.5% during the third quarter. M&T Bank Corp now owns 17,724 shares of the semiconductor company's stock worth $13,726,000 after buying an additional 83 shares in the last quarter. Passumpsic Savings Bank lifted its position in shares of KLA by 6.7% during the 3rd quarter. Passumpsic Savings Bank now owns 1,267 shares of the semiconductor company's stock valued at $981,000 after acquiring an additional 80 shares during the period. Virtu Financial LLC acquired a new stake in shares of KLA during the 3rd quarter worth $994,000. Anchor Investment Management LLC increased its position in shares of KLA by 43.7% in the third quarter. Anchor Investment Management LLC now owns 125 shares of the semiconductor company's stock worth $97,000 after purchasing an additional 38 shares during the period. Finally, World Investment Advisors LLC acquired a new position in KLA in the third quarter valued at about $310,000. Institutional investors and hedge funds own 86.65% of the company's stock.
Analyst Ratings Changes
Several equities analysts have commented on KLAC shares. Oppenheimer decreased their target price on shares of KLA from $850.00 to $700.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Morgan Stanley raised shares of KLA from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $748.00 to $870.00 in a research note on Monday, March 31st. Susquehanna upped their target price on KLA from $620.00 to $655.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft raised their target price on KLA from $725.00 to $850.00 and gave the company a "buy" rating in a report on Friday, January 31st. Finally, Wells Fargo & Company boosted their price target on KLA from $795.00 to $870.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, KLA presently has an average rating of "Moderate Buy" and a consensus target price of $804.67.
Read Our Latest Stock Report on KLAC
KLA Trading Up 4.9 %
Shares of KLA stock traded up $32.31 during trading on Thursday, hitting $689.42. The company's stock had a trading volume of 1,303,304 shares, compared to its average volume of 1,063,221. The stock has a market cap of $91.61 billion, a price-to-earnings ratio of 28.99, a price-to-earnings-growth ratio of 1.57 and a beta of 1.37. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63. KLA Co. has a 52 week low of $551.33 and a 52 week high of $896.32. The stock has a 50-day moving average price of $688.11 and a two-hundred day moving average price of $687.99.
KLA (NASDAQ:KLAC - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, beating analysts' consensus estimates of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. Equities research analysts anticipate that KLA Co. will post 31.59 EPS for the current fiscal year.
KLA Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Monday, February 24th were issued a $1.70 dividend. The ex-dividend date was Monday, February 24th. This represents a $6.80 annualized dividend and a yield of 0.99%. KLA's payout ratio is 28.60%.
Insider Buying and Selling at KLA
In other news, CFO Bren D. Higgins sold 7,008 shares of the business's stock in a transaction dated 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 directly owns 28,798 shares of the company's stock, valued at $20,867,606.76. The trade was a 19.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.12% of the company's stock.
About KLA
(
Free Report)
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.
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