Arrowstreet Capital Limited Partnership trimmed its position in shares of KLA Co. (NASDAQ:KLAC - Free Report) by 37.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,085 shares of the semiconductor company's stock after selling 39,106 shares during the quarter. Arrowstreet Capital Limited Partnership's holdings in KLA were worth $40,381,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new stake in shares of KLA in the third quarter valued at $29,000. Tortoise Investment Management LLC increased its holdings in KLA by 300.0% during the 4th quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company's stock worth $30,000 after purchasing an additional 36 shares during the period. TCTC Holdings LLC acquired a new stake in KLA in the 4th quarter valued at about $31,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of KLA in the 4th quarter valued at about $32,000. Finally, Groupama Asset Managment increased its stake in shares of KLA by 82.3% during the third quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company's stock worth $35,000 after buying an additional 2,038 shares during the period. 86.65% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages recently issued reports on KLAC. Barclays lifted their price target on shares of KLA from $700.00 to $760.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of KLA from $725.00 to $850.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Jefferies Financial Group restated a "hold" rating and issued a $725.00 price target (down from $875.00) on shares of KLA in a research note on Friday, March 28th. UBS Group upped their price objective on KLA from $665.00 to $780.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 21st. Finally, Needham & Company LLC raised their target price on KLA from $800.00 to $830.00 and gave the stock a "buy" rating in a research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $832.17.
Get Our Latest Stock Report on KLA
Insider Activity 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 value 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 $20,867,606.76. This trade represents a 19.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.12% of the stock is currently owned by insiders.
KLA Stock Performance
NASDAQ KLAC traded up $28.09 during trading on Monday, reaching $604.62. The company's stock had a trading volume of 2,996,139 shares, compared to its average volume of 1,022,967. The business's fifty day moving average price is $714.64 and its 200-day moving average price is $698.39. KLA Co. has a twelve month low of $551.33 and a twelve month 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 firm has a market cap of $80.35 billion, a price-to-earnings ratio of 25.43, a P/E/G ratio of 1.57 and a beta of 1.37.
KLA (NASDAQ:KLAC - Get Free Report) last issued its quarterly 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 fiscal year.
KLA Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Monday, February 24th were issued a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend was Monday, February 24th. KLA's dividend payout ratio is presently 28.60%.
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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