Canada Post Corp Registered Pension Plan acquired a new stake in KLA Co. (NASDAQ:KLAC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 2,253 shares of the semiconductor company's stock, valued at approximately $1,420,000.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Tortoise Investment Management LLC raised its holdings in 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 last quarter. TCTC Holdings LLC bought a new stake in KLA during the 4th quarter worth approximately $31,000. Kohmann Bosshard Financial Services LLC acquired a new position in KLA in the 4th quarter valued at approximately $32,000. Fairfield Financial Advisors LTD raised its stake in shares of KLA by 160.0% during the fourth quarter. Fairfield Financial Advisors LTD now owns 65 shares of the semiconductor company's stock valued at $41,000 after acquiring an additional 40 shares during the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of KLA in the fourth quarter worth $43,000. Institutional investors and hedge funds own 86.65% of the company's stock.
Insiders Place Their Bets
In other KLA 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 value of $5,078,136.96. Following the completion of the sale, the chief financial officer now directly owns 28,798 shares of the company's stock, valued at approximately $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 accessible through the SEC website. Insiders own 0.12% of the company's stock.
Analysts Set New Price Targets
Several research analysts recently issued reports on KLAC shares. Citigroup lowered their target price on KLA from $910.00 to $800.00 and set a "buy" rating for the company in a research report on Friday, April 11th. UBS Group raised 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. Jefferies Financial Group reiterated a "hold" rating and issued a $725.00 target price (down from $875.00) on shares of KLA in a report on Friday, March 28th. Wells Fargo & Company increased their target price on shares of KLA from $795.00 to $870.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Finally, Stifel Nicolaus dropped their price target on shares of KLA from $825.00 to $750.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $814.11.
Get Our Latest Stock Report on KLA
KLA Stock Down 1.2 %
Shares of KLA stock traded down $7.76 during trading hours on Friday, reaching $634.43. The company's stock had a trading volume of 1,224,102 shares, compared to its average volume of 1,058,377. 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's fifty day simple moving average is $695.14 and its two-hundred day simple moving average is $689.74. The company has a market capitalization of $84.31 billion, a P/E ratio of 26.68, a P/E/G ratio of 1.57 and a beta of 1.37. KLA Co. has a one year low of $551.33 and a one year high of $896.32.
KLA (NASDAQ:KLAC - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share 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%. On average, research analysts forecast that KLA Co. will post 31.59 earnings per share for the current year.
KLA Announces Dividend
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. This represents a $6.80 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend was Monday, February 24th. KLA's dividend payout ratio (DPR) 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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