Evexia Wealth LLC Has $10.60 Million Stock Position in KLA Co. (NASDAQ:KLAC)

Evexia Wealth LLC lifted its holdings in KLA Co. (NASDAQ:KLAC - Free Report) by 3.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,823 shares of the semiconductor company's stock after buying an additional 563 shares during the period. KLA comprises approximately 3.7% of Evexia Wealth LLC's portfolio, making the stock its 10th biggest position. Evexia Wealth LLC's holdings in KLA were worth $10,601,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Norges Bank purchased a new stake in shares of KLA during the fourth quarter worth $1,175,756,000. Parnassus Investments LLC lifted its holdings in shares of KLA by 381.3% during the 4th quarter. Parnassus Investments LLC now owns 733,328 shares of the semiconductor company's stock valued at $462,085,000 after buying an additional 580,967 shares during the last quarter. Proficio Capital Partners LLC grew its stake in shares of KLA by 114,444.5% in the 4th quarter. Proficio Capital Partners LLC now owns 342,488 shares of the semiconductor company's stock valued at $215,809,000 after buying an additional 342,189 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in KLA by 25.2% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,455,161 shares of the semiconductor company's stock worth $916,926,000 after buying an additional 292,907 shares during the last quarter. Finally, National Bank of Canada FI raised its position in KLA by 172.2% during the fourth quarter. National Bank of Canada FI now owns 357,305 shares of the semiconductor company's stock valued at $225,145,000 after acquiring an additional 226,041 shares in the last quarter. Hedge funds and other institutional investors own 86.65% of the company's stock.

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Insider Activity at KLA

In other news, CFO Bren D. Higgins sold 7,008 shares of the firm's stock in a transaction on Tuesday, March 25th. The stock was 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 in the company, valued at approximately $20,867,606.76. This trade represents a 19.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.12% of the company's stock.

KLA Price Performance

NASDAQ:KLAC traded down $2.62 during trading hours on Monday, reaching $667.60. The company had a trading volume of 335,668 shares, compared to its average volume of 1,051,157. The firm has a market capitalization of $88.72 billion, a PE ratio of 28.07, a PEG ratio of 1.57 and a beta of 1.37. The stock has a 50-day moving average of $705.57 and a two-hundred day moving average of $693.97. KLA Co. has a one year low of $551.33 and a one year high of $896.32. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64.

KLA (NASDAQ:KLAC - Get Free Report) last announced its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (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%. Analysts forecast that KLA Co. will post 31.59 earnings per share for the current year.

KLA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Monday, February 24th were given 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 1.02%. KLA's dividend payout ratio (DPR) is presently 28.60%.

Analysts Set New Price Targets

Several research analysts have recently commented on KLAC shares. Needham & Company LLC increased their price target 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. Jefferies Financial Group restated a "hold" rating and set a $725.00 target price (down from $875.00) on shares of KLA in a report on Friday, March 28th. Deutsche Bank Aktiengesellschaft upped their price target on KLA from $725.00 to $850.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Susquehanna raised their price objective on KLA from $620.00 to $655.00 and gave the company a "neutral" rating in a research note on Wednesday, January 22nd. Finally, Barclays upped their target price on KLA from $700.00 to $760.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $818.28.

About KLA

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.