KLA Co. (NASDAQ:KLAC) Shares Bought by Mizuho Securities USA LLC

Mizuho Securities USA LLC grew its stake in KLA Co. (NASDAQ:KLAC - Free Report) by 45.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,677 shares of the semiconductor company's stock after buying an additional 3,960 shares during the period. Mizuho Securities USA LLC's holdings in KLA were worth $7,988,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in KLAC. Swedbank AB raised its stake in shares of KLA by 0.4% during the third quarter. Swedbank AB now owns 550,949 shares of the semiconductor company's stock worth $426,660,000 after acquiring an additional 2,019 shares in the last quarter. United Bank bought a new stake in KLA in the 3rd quarter worth $339,000. Citizens Financial Group Inc. RI increased its position in shares of KLA by 2.8% in the third quarter. Citizens Financial Group Inc. RI now owns 582 shares of the semiconductor company's stock valued at $451,000 after acquiring an additional 16 shares during the period. King Luther Capital Management Corp raised its stake in shares of KLA by 6.8% during the third quarter. King Luther Capital Management Corp now owns 2,761 shares of the semiconductor company's stock valued at $2,138,000 after acquiring an additional 176 shares during the last quarter. Finally, Banco Santander S.A. purchased a new stake in shares of KLA during the third quarter worth about $413,000. 86.65% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO Bren D. Higgins sold 7,008 shares of the business'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 completion of the transaction, the chief financial officer now directly owns 28,798 shares of the company's stock, valued at approximately $20,867,606.76. The trade was a 19.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.12% of the company's stock.

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KLA Price Performance

Shares of KLAC traded down $5.54 during mid-day trading on Thursday, hitting $700.00. 732,978 shares of the company were exchanged, compared to its average volume of 952,254. 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 company has a 50 day moving average of $730.46 and a 200-day moving average of $703.39. The stock has a market cap of $93.02 billion, a price-to-earnings ratio of 29.44, a price-to-earnings-growth ratio of 1.57 and a beta of 1.30. KLA Co. has a 1-year low of $609.40 and a 1-year high of $896.32.

KLA (NASDAQ:KLAC - Get Free Report) last announced its quarterly earnings data 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 return on equity of 108.60% and a net margin of 29.58%. Analysts expect that KLA Co. will post 31.59 EPS for the current fiscal year.

KLA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were given a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Monday, February 24th. KLA's dividend payout ratio is currently 28.60%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Barclays upped their target price on KLA from $700.00 to $760.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Wells Fargo & Company boosted their target price on shares of KLA from $795.00 to $870.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Cantor Fitzgerald increased their price target on shares of KLA from $800.00 to $875.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft upped their price objective on shares of KLA from $725.00 to $850.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Finally, UBS Group lifted their target price on shares of KLA from $665.00 to $780.00 and gave the company a "neutral" rating in a report on Tuesday, January 21st. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $830.67.

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.