Applied Finance Capital Management LLC boosted its stake in shares of KLA Co. (NASDAQ:KLAC - Free Report) by 3.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 78,019 shares of the semiconductor company's stock after buying an additional 2,708 shares during the quarter. KLA makes up approximately 2.1% of Applied Finance Capital Management LLC's portfolio, making the stock its 14th biggest position. Applied Finance Capital Management LLC owned 0.06% of KLA worth $49,161,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. Legacy Investment Solutions LLC bought a new position in KLA during the third quarter worth $29,000. Tortoise Investment Management LLC raised its position 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 worth $30,000 after acquiring an additional 36 shares in the last quarter. TCTC Holdings LLC bought a new position in shares of KLA in the 4th quarter worth about $31,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of KLA in the 4th quarter valued at about $32,000. Finally, Fairfield Financial Advisors LTD boosted its position 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 valued at $41,000 after purchasing an additional 40 shares in the last quarter. Institutional investors own 86.65% of the company's stock.
KLA Stock Up 2.0 %
KLAC traded up $13.46 during mid-day trading on Friday, reaching $670.22. 1,361,682 shares of the stock were exchanged, compared to its average volume of 1,053,963. KLA Co. has a 1 year low of $551.33 and a 1 year high of $896.32. 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 stock has a market capitalization of $89.06 billion, a PE ratio of 28.18, a price-to-earnings-growth ratio of 1.57 and a beta of 1.37. The company has a 50 day moving average price of $705.57 and a two-hundred day moving average price of $693.97.
KLA (NASDAQ:KLAC - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, beating the consensus estimate of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%. As a group, research analysts anticipate that KLA Co. will post 31.59 EPS for the current year.
KLA Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were paid a $1.70 dividend. 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 1.01%. 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 firm'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 in the company, valued at approximately $20,867,606.76. This trade represents a 19.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.12% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on KLAC shares. Cantor Fitzgerald boosted their price target on KLA from $800.00 to $875.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Oppenheimer dropped their target price on shares of KLA from $850.00 to $700.00 and set an "outperform" rating on the stock in a research report on Friday. UBS Group raised their price target on shares of KLA from $665.00 to $780.00 and gave the stock a "neutral" rating in a report on Tuesday, January 21st. Morgan Stanley upgraded shares of KLA from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $748.00 to $870.00 in a report on Monday, March 31st. Finally, Barclays raised their target price on KLA from $700.00 to $760.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $818.28.
Check Out Our Latest Stock Analysis on KLA
KLA Company Profile
(
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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