2Xideas AG Has $10.23 Million Stock Position in KLA Co. (NASDAQ:KLAC)

2Xideas AG increased its position in KLA Co. (NASDAQ:KLAC - Free Report) by 74.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,238 shares of the semiconductor company's stock after purchasing an additional 6,932 shares during the quarter. 2Xideas AG's holdings in KLA were worth $10,232,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of KLAC. United Bank bought a new position in shares of KLA during the 3rd quarter worth approximately $339,000. Benjamin Edwards Inc. acquired a new stake in KLA during the 3rd quarter valued at $1,054,000. Hilltop Holdings Inc. bought a new position in KLA during the third quarter worth $382,000. Jacobs Levy Equity Management Inc. raised its position in shares of KLA by 1,050.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 3,751 shares of the semiconductor company's stock valued at $2,905,000 after purchasing an additional 3,425 shares during the period. Finally, Weiss Asset Management LP bought a new stake in shares of KLA during the 3rd quarter worth about $3,252,000. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at KLA

In related news, CFO Bren D. Higgins sold 7,008 shares of the business's stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $724.62, for a total transaction of $5,078,136.96. Following the sale, the chief financial officer now owns 28,798 shares in the company, valued at $20,867,606.76. The trade was a 19.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.12% of the company's stock.

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Wall Street Analyst Weigh In

KLAC has been the subject of a number of research analyst reports. Needham & Company LLC boosted their price objective on KLA from $800.00 to $830.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Stifel Nicolaus boosted their price target on KLA from $800.00 to $825.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Oppenheimer lowered their price objective on KLA from $850.00 to $700.00 and set an "outperform" rating on the stock in a research report on Friday. Barclays boosted their target price on shares of KLA from $700.00 to $760.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. Finally, The Goldman Sachs Group raised their price target on shares of KLA from $759.00 to $864.00 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 issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $823.83.

KLA Price Performance

Shares of KLAC stock traded up $12.49 on Friday, hitting $669.25. 457,800 shares of the company's stock were exchanged, compared to its average volume of 1,048,624. The company has a 50 day moving average of $707.15 and a 200 day moving average of $695.44. The stock has a market cap of $88.94 billion, a P/E ratio of 27.83, a price-to-earnings-growth ratio of 1.57 and a beta of 1.37. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63. KLA Co. has a 12 month low of $551.33 and a 12 month high of $896.32.

KLA (NASDAQ:KLAC - Get Free Report) last posted its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 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%. On average, equities research analysts predict that KLA Co. will post 31.59 EPS for the current year.

KLA Announces Dividend

The business also recently announced 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. The ex-dividend date was Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 1.02%. KLA's payout ratio is presently 28.60%.

KLA 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.