KLA Co. (NASDAQ:KLAC) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky trimmed its position in shares of KLA Co. (NASDAQ:KLAC - Free Report) by 3.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,250 shares of the semiconductor company's stock after selling 1,981 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in KLA were worth $31,663,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of KLAC. Hutchens & Kramer Investment Management Group LLC increased its position in KLA by 3.3% during the 4th quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company's stock valued at $259,000 after purchasing an additional 13 shares during the period. Richardson Financial Services Inc. boosted its stake in shares of KLA by 5.9% during the 4th 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 in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of KLA by 6.5% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 246 shares of the semiconductor company's stock valued at $155,000 after buying an additional 15 shares during the period. Catalyst Financial Partners LLC lifted its holdings in KLA by 2.0% in the fourth quarter. Catalyst Financial Partners LLC now owns 755 shares of the semiconductor company's stock worth $476,000 after buying an additional 15 shares during the period. Finally, Anchor Investment Management LLC boosted its position in KLA by 12.0% during the 4th quarter. Anchor Investment Management LLC now owns 140 shares of the semiconductor company's stock valued at $88,000 after acquiring an additional 15 shares in the last quarter. 86.65% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CFO Bren D. Higgins sold 7,008 shares of the company's stock in a transaction 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 sale, the chief financial officer now directly owns 28,798 shares of the company's stock, valued at $20,867,606.76. This represents a 19.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.12% of the stock is currently owned by company insiders.

KLA Stock Performance

NASDAQ KLAC traded up $5.19 during trading hours on Friday, hitting $694.61. 631,549 shares of the company's stock traded hands, compared to its average volume of 1,220,821. The business's fifty day moving average price is $686.89 and its two-hundred day moving average price is $687.36. KLA Co. has a 52 week low of $551.33 and a 52 week 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. The firm has a market capitalization of $92.30 billion, a P/E ratio of 29.21, a P/E/G ratio of 1.57 and a beta of 1.37.

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

KLA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th were issued a $1.70 dividend. The ex-dividend date was Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.98%. KLA's dividend payout ratio is presently 28.60%.

Analyst Ratings Changes

A number of research firms have recently commented on KLAC. Wells Fargo & Company raised their target price on KLA from $795.00 to $870.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Cantor Fitzgerald raised their price objective on KLA from $800.00 to $875.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. Barclays reduced their target price on shares of KLA from $760.00 to $590.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Jefferies Financial Group reissued a "hold" rating and set a $725.00 price target (down from $875.00) on shares of KLA in a research report on Friday, March 28th. Finally, The Goldman Sachs Group boosted their price target on KLA from $759.00 to $864.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $804.67.

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.