Envestnet Asset Management Inc. Acquires 2,121 Shares of KLA Co. (NASDAQ:KLAC)

Envestnet Asset Management Inc. boosted its position in KLA Co. (NASDAQ:KLAC - Free Report) by 0.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 306,342 shares of the semiconductor company's stock after purchasing an additional 2,121 shares during the period. Envestnet Asset Management Inc. owned about 0.23% of KLA worth $193,032,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new position in shares of KLA in the 3rd quarter worth about $29,000. Tortoise Investment Management LLC raised its position in KLA by 300.0% in the fourth quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company's stock worth $30,000 after acquiring an additional 36 shares during the period. TCTC Holdings LLC purchased a new position in KLA in the fourth quarter valued at about $31,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of KLA during the 4th quarter valued at approximately $32,000. Finally, Groupama Asset Managment increased its stake in shares of KLA by 82.3% during the 3rd quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 2,038 shares during the last quarter. Hedge funds and other institutional investors own 86.65% of the company's stock.

KLA Price Performance

KLA stock traded up $13.46 during midday trading on Friday, hitting $670.22. 1,361,682 shares of the company's stock were exchanged, compared to its average volume of 1,052,995. The company has a market cap of $89.06 billion, a P/E ratio of 28.18, a PEG ratio of 1.57 and a beta of 1.37. 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 has a 50-day moving average price of $705.57 and a two-hundred day moving average price of $694.74. KLA Co. has a 52-week low of $551.33 and a 52-week high of $896.32.

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KLA (NASDAQ:KLAC - Get Free Report) last issued 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 year.

KLA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th were given a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a dividend yield of 1.01%. The ex-dividend date was Monday, February 24th. KLA's dividend payout ratio (DPR) is currently 28.60%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Susquehanna upped 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. Oppenheimer dropped their price target on KLA from $850.00 to $700.00 and set an "outperform" rating on the stock in a research report on Friday. Deutsche Bank Aktiengesellschaft lifted their price objective on KLA from $725.00 to $850.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Citigroup dropped their price objective on shares of KLA from $910.00 to $800.00 and set a "buy" rating on the stock in a report on Friday. Finally, The Goldman Sachs Group increased their target price 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 investment 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 stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $818.28.

Insider Transactions at KLA

In other KLA news, CFO Bren D. Higgins sold 7,008 shares of the firm's stock in a transaction dated 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. This trade represents a 19.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.12% of the stock is currently owned by insiders.

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.