KLA Co. (NASDAQ:KLAC) Shares Purchased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. raised its holdings in shares of KLA Co. (NASDAQ:KLAC - Free Report) by 8.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 320,239 shares of the semiconductor company's stock after purchasing an additional 25,003 shares during the quarter. KLA accounts for approximately 0.6% of Nomura Asset Management Co. Ltd.'s investment portfolio, making the stock its 22nd largest holding. Nomura Asset Management Co. Ltd. owned approximately 0.24% of KLA worth $201,789,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Hutchens & Kramer Investment Management Group LLC boosted its position in KLA by 3.3% in the 4th quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company's stock valued at $259,000 after buying an additional 13 shares during the period. Richardson Financial Services Inc. boosted its holdings in shares of KLA by 5.9% in the fourth quarter. Richardson Financial Services Inc. now owns 253 shares of the semiconductor company's stock valued at $160,000 after purchasing an additional 14 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its stake in KLA by 6.5% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 246 shares of the semiconductor company's stock worth $155,000 after purchasing an additional 15 shares in the last quarter. Catalyst Financial Partners LLC increased its holdings in KLA by 2.0% during the 4th quarter. Catalyst Financial Partners LLC now owns 755 shares of the semiconductor company's stock worth $476,000 after purchasing an additional 15 shares during the period. Finally, TFB Advisors LLC raised its position in KLA by 3.4% during the 4th quarter. TFB Advisors LLC now owns 489 shares of the semiconductor company's stock valued at $308,000 after purchasing an additional 16 shares in the last quarter. 86.65% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling at KLA

In other news, CFO Bren D. Higgins sold 7,008 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 28,798 shares of the company's stock, valued at approximately $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 can be accessed through the SEC website. 0.12% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Stifel Nicolaus increased their price target on KLA from $800.00 to $825.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Jefferies Financial Group reissued a "hold" rating and set a $725.00 target price (down previously from $875.00) on shares of KLA in a research report on Friday. Susquehanna upped their price target on shares of KLA from $620.00 to $655.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 22nd. Wells Fargo & Company increased their price objective on shares of KLA from $795.00 to $870.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Finally, Barclays upped their target price on KLA from $700.00 to $760.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $832.17.

KLA Trading Down 0.3 %

Shares of KLA stock traded down $1.89 during mid-day trading on Tuesday, hitting $677.91. The stock had a trading volume of 196,221 shares, compared to its average volume of 1,090,681. The firm has a 50-day moving average of $726.28 and a two-hundred day moving average of $702.34. The firm has a market cap of $90.09 billion, a P/E ratio of 28.47, a price-to-earnings-growth ratio of 1.57 and a beta of 1.30. 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 Co. has a 12-month low of $609.40 and a 12-month high of $896.32.

KLA (NASDAQ:KLAC - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) 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%. Sell-side analysts forecast that KLA Co. will post 31.59 earnings per share for the current year.

KLA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Monday, February 24th were issued a $1.70 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $6.80 annualized dividend and a yield of 1.00%. KLA's dividend payout ratio (DPR) 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.