American Century Companies Inc. Buys 5,579 Shares of KLA Co. (NASDAQ:KLAC)

American Century Companies Inc. boosted its stake in shares of KLA Co. (NASDAQ:KLAC - Free Report) by 2.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 203,744 shares of the semiconductor company's stock after buying an additional 5,579 shares during the period. American Century Companies Inc. owned approximately 0.15% of KLA worth $128,383,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Legacy Investment Solutions LLC bought a new position in KLA during the 3rd quarter worth about $29,000. Tortoise Investment Management LLC grew its holdings in shares of KLA by 300.0% during the fourth quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company's stock worth $30,000 after buying an additional 36 shares in the last quarter. TCTC Holdings LLC acquired a new stake in KLA in the 4th quarter valued at approximately $31,000. Kohmann Bosshard Financial Services LLC bought a new stake in KLA in the 4th quarter valued at approximately $32,000. Finally, Groupama Asset Managment boosted its position in KLA by 82.3% during the 3rd 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 during the last quarter. Institutional investors own 86.65% of the company's stock.

Analyst Ratings Changes

KLAC has been the topic of a number of research reports. Susquehanna boosted their price objective on shares of KLA from $620.00 to $655.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 22nd. Needham & Company LLC increased their price objective on shares of KLA from $800.00 to $830.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. The Goldman Sachs Group raised their price objective on KLA from $759.00 to $864.00 and gave the company a "buy" rating in a report on Friday, January 31st. Cantor Fitzgerald upped their target price on KLA from $800.00 to $875.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. Finally, Stifel Nicolaus raised their price target on KLA from $800.00 to $825.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, KLA currently has a consensus rating of "Moderate Buy" and an average price target of $830.67.

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KLA Stock Performance

Shares of NASDAQ KLAC traded down $5.54 during trading hours on Thursday, reaching $700.00. 732,978 shares of the stock were exchanged, compared to its average volume of 952,252. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36. The firm has a market capitalization of $93.02 billion, a price-to-earnings ratio of 29.44, a P/E/G ratio of 1.57 and a beta of 1.30. The stock's fifty day simple moving average is $730.46 and its 200 day simple moving average is $703.39. KLA Co. has a 52 week low of $609.40 and a 52 week high of $896.32.

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, topping analysts' consensus estimates of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%. Sell-side analysts predict that KLA Co. will post 31.59 EPS for the current year.

KLA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were paid 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 yield of 0.97%. KLA's dividend payout ratio (DPR) is presently 28.60%.

Insider Transactions at KLA

In related news, CFO Bren D. Higgins sold 7,008 shares of the company's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $724.62, for a total transaction of $5,078,136.96. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.12% of the stock is currently owned by insiders.

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.