denkapparat Operations GmbH Buys Shares of 546 KLA Co. (NASDAQ:KLAC)

denkapparat Operations GmbH acquired a new position in KLA Co. (NASDAQ:KLAC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 546 shares of the semiconductor company's stock, valued at approximately $344,000.

A number of other institutional investors also recently made changes to their positions in KLAC. Norges Bank purchased a new stake in KLA during the 4th quarter valued at about $1,175,756,000. Parnassus Investments LLC boosted its stake in shares of KLA by 381.3% during the fourth quarter. Parnassus Investments LLC now owns 733,328 shares of the semiconductor company's stock valued at $462,085,000 after purchasing an additional 580,967 shares during the period. Proficio Capital Partners LLC increased its stake in shares of KLA by 114,444.5% in the fourth quarter. Proficio Capital Partners LLC now owns 342,488 shares of the semiconductor company's stock worth $215,809,000 after buying an additional 342,189 shares during the period. Pictet Asset Management Holding SA raised its holdings in KLA by 25.2% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,455,161 shares of the semiconductor company's stock valued at $916,926,000 after buying an additional 292,907 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its holdings in shares of KLA by 10,766.7% during the third quarter. Two Sigma Advisers LP now owns 228,200 shares of the semiconductor company's stock worth $176,720,000 after purchasing an additional 226,100 shares during the period. Hedge funds and other institutional investors own 86.65% of the company's stock.

Insider Activity

In other KLA news, CFO Bren D. Higgins sold 7,008 shares of the business'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 $20,867,606.76. The trade was a 19.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.12% of the company's stock.

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Analyst Upgrades and Downgrades

KLAC has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their price target on KLA from $795.00 to $870.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Jefferies Financial Group restated a "hold" rating and set a $725.00 target price (down previously from $875.00) on shares of KLA in a report on Friday. Morgan Stanley raised shares of KLA from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $748.00 to $870.00 in a research report on Monday. Stifel Nicolaus raised their target price on shares of KLA from $800.00 to $825.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Finally, UBS Group boosted their price target on shares of KLA from $665.00 to $780.00 and gave the company a "neutral" rating in a research report on Tuesday, January 21st. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, KLA has a consensus rating of "Moderate Buy" and an average price target of $832.17.

KLA Stock Down 0.2 %

KLAC stock traded down $1.43 during midday trading on Tuesday, hitting $678.37. The company's stock had a trading volume of 196,221 shares, compared to its average volume of 1,005,248. The company has a market cap of $90.15 billion, a PE ratio of 28.47, a P/E/G ratio of 1.57 and a beta of 1.30. The firm's 50-day moving average is $726.28 and its 200-day moving average is $702.34. KLA Co. has a 12 month low of $609.40 and a 12 month high of $896.32. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64.

KLA (NASDAQ:KLAC - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, topping 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%. On average, equities research analysts forecast that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were issued a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend was Monday, February 24th. KLA's dividend payout ratio is presently 28.60%.

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.