KLA Co. (NASDAQ:KLAC) Holdings Lifted by Renaissance Group LLC

Renaissance Group LLC increased its stake in KLA Co. (NASDAQ:KLAC - Free Report) by 16.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 54,143 shares of the semiconductor company's stock after acquiring an additional 7,770 shares during the period. Renaissance Group LLC's holdings in KLA were worth $34,117,000 as of its most recent SEC filing.

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

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KLA Price Performance

KLAC stock traded up $13.46 during trading hours on Friday, hitting $670.22. 1,361,682 shares of the stock traded hands, compared to its average volume of 1,053,963. 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 stock has a 50-day simple moving average of $705.57 and a 200 day simple moving average of $693.97. KLA Co. has a one year low of $551.33 and a one year high of $896.32. The company has a market cap of $89.06 billion, a P/E ratio of 28.18, a P/E/G ratio of 1.57 and a beta of 1.37.

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

KLA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th were given 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 1.01%. KLA's dividend payout ratio (DPR) is presently 28.60%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on KLAC. Stifel Nicolaus lifted their price objective on shares of KLA from $800.00 to $825.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Morgan Stanley raised shares of KLA from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $748.00 to $870.00 in a research note on Monday, March 31st. Wells Fargo & Company upped their price objective on shares of KLA from $795.00 to $870.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. The Goldman Sachs Group lifted their target price on KLA from $759.00 to $864.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Finally, Needham & Company LLC increased their price target on KLA from $800.00 to $830.00 and gave the company a "buy" rating in a report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, KLA currently has a consensus rating of "Moderate Buy" and an average price target of $818.28.

Insider Transactions at KLA

In other KLA news, CFO Bren D. Higgins sold 7,008 shares of the company's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $724.62, for a total transaction of $5,078,136.96. Following the completion of the sale, the chief financial officer now directly owns 28,798 shares of the company's stock, valued at approximately $20,867,606.76. This represents a 19.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.12% of the company's stock.

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.