Norinchukin Bank The Purchases 489 Shares of KLA Co. (NASDAQ:KLAC)

Norinchukin Bank The increased its position in KLA Co. (NASDAQ:KLAC - Free Report) by 7.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,130 shares of the semiconductor company's stock after buying an additional 489 shares during the period. Norinchukin Bank The's holdings in KLA were worth $4,493,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of KLAC. Tortoise Investment Management LLC boosted its holdings in shares of KLA by 300.0% during the 4th quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company's stock valued at $30,000 after purchasing an additional 36 shares during the last quarter. TCTC Holdings LLC bought a new position in KLA during the fourth quarter valued at approximately $31,000. Kohmann Bosshard Financial Services LLC purchased a new position in KLA during the 4th quarter valued at approximately $32,000. Fairfield Financial Advisors LTD raised its holdings in shares of KLA by 160.0% during the 4th quarter. Fairfield Financial Advisors LTD now owns 65 shares of the semiconductor company's stock worth $41,000 after acquiring an additional 40 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of KLA during the 4th quarter valued at approximately $43,000. Hedge funds and other institutional investors own 86.65% of the company's stock.

Insider Activity

In other news, CFO Bren D. Higgins sold 7,008 shares of KLA stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $724.62, for a total value of $5,078,136.96. Following the transaction, the chief financial officer now directly owns 28,798 shares in the company, valued at approximately $20,867,606.76. This trade represents a 19.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.12% of the company's stock.

KLA Trading Up 0.1 %

NASDAQ:KLAC traded up $0.35 during midday trading on Friday, hitting $689.77. The stock had a trading volume of 238,753 shares, compared to its average volume of 1,060,783. The stock has a 50-day moving average of $686.89 and a 200 day moving average of $687.36. The company has a market capitalization of $91.66 billion, a price-to-earnings ratio of 29.09, a PEG ratio of 1.57 and a beta of 1.37. KLA Co. has a one year low of $551.33 and a one year high of $896.32. 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 (NASDAQ:KLAC - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (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%. As a group, sell-side analysts forecast that KLA Co. will post 31.59 EPS for the current year.

KLA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th were paid a dividend of $1.70 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 0.99%. KLA's dividend payout ratio is presently 28.60%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on KLAC. Needham & Company LLC upped their price target on shares of KLA from $800.00 to $830.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Stifel Nicolaus decreased their target price on shares of KLA from $825.00 to $750.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Deutsche Bank Aktiengesellschaft lifted their price target on KLA from $725.00 to $850.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. UBS Group raised their price objective on KLA from $665.00 to $780.00 and gave the company a "neutral" rating in a research note on Tuesday, January 21st. Finally, Susquehanna boosted their target price on KLA from $620.00 to $655.00 and gave the company a "neutral" rating in a research report on Wednesday, January 22nd. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $804.67.

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.