Orion Portfolio Solutions LLC Has $7.97 Million Position in KLA Co. (NASDAQ:KLAC)

Orion Portfolio Solutions LLC lessened its holdings in KLA Co. (NASDAQ:KLAC - Free Report) by 13.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,643 shares of the semiconductor company's stock after selling 1,949 shares during the quarter. Orion Portfolio Solutions LLC's holdings in KLA were worth $7,967,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KLAC. Vanguard Group Inc. increased its holdings in KLA by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 13,484,468 shares of the semiconductor company's stock valued at $8,496,833,000 after acquiring an additional 85,370 shares in the last quarter. State Street Corp lifted its position in shares of KLA by 2.5% during the third quarter. State Street Corp now owns 5,979,293 shares of the semiconductor company's stock worth $4,630,424,000 after purchasing an additional 145,317 shares in the last quarter. Geode Capital Management LLC increased its holdings in KLA by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 3,221,694 shares of the semiconductor company's stock worth $2,487,971,000 after purchasing an additional 93,743 shares during the last quarter. Norges Bank acquired a new stake in shares of KLA in the 4th quarter valued at about $1,175,756,000. Finally, Pictet Asset Management Holding SA raised its position in shares of KLA by 25.2% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,455,161 shares of the semiconductor company's stock valued at $916,926,000 after acquiring an additional 292,907 shares in the last quarter. Institutional investors and hedge funds own 86.65% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Cantor Fitzgerald upped their price target on shares of KLA from $800.00 to $875.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft increased their target price on shares of KLA from $725.00 to $850.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Susquehanna increased their target price on KLA from $620.00 to $655.00 and gave the company a "neutral" rating in a research note on Wednesday, January 22nd. Wells Fargo & Company boosted their price objective on KLA from $795.00 to $870.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Finally, Jefferies Financial Group restated a "hold" rating and issued a $725.00 target price (down previously from $875.00) on shares of KLA in a research note on Friday. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $832.17.

Insider Buying and Selling at KLA

In other news, CFO Bren D. Higgins sold 7,008 shares of the business'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 owns 28,798 shares in the company, valued at approximately $20,867,606.76. The trade was a 19.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.12% of the company's stock.

KLA Stock Performance

KLAC traded up $2.76 during trading hours on Tuesday, hitting $682.56. 375,493 shares of the stock were exchanged, compared to its average volume of 1,006,172. The stock has a market cap of $90.70 billion, a price-to-earnings ratio of 28.58, a price-to-earnings-growth ratio of 1.57 and a beta of 1.30. The stock has a 50-day simple moving average of $726.28 and a 200-day simple moving average of $702.34. KLA Co. has a 12 month low of $609.40 and a 12 month high of $896.32. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63.

KLA (NASDAQ:KLAC - Get Free Report) last issued its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, topping 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%. Analysts anticipate that KLA Co. will post 31.59 earnings per share for the current year.

KLA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were given 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 is 28.60%.

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.