KLA Co. (NASDAQ:KLAC) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC increased its position in shares of KLA Co. (NASDAQ:KLAC - Free Report) by 315.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 232,309 shares of the semiconductor company's stock after acquiring an additional 176,400 shares during the quarter. Renaissance Technologies LLC owned approximately 0.17% of KLA worth $146,383,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of KLAC. Legacy Investment Solutions LLC acquired a new stake in shares of KLA during the third quarter worth $29,000. Tortoise Investment Management LLC lifted its position in KLA by 300.0% during the fourth quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company's stock worth $30,000 after buying an additional 36 shares during the period. TCTC Holdings LLC acquired a new stake in KLA in the 4th quarter worth about $31,000. Kohmann Bosshard Financial Services LLC purchased a new stake in KLA in the 4th quarter valued at about $32,000. Finally, Groupama Asset Managment increased its stake in shares of KLA by 82.3% during the 3rd quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company's stock valued at $35,000 after acquiring an additional 2,038 shares during the last quarter. Institutional investors and hedge funds own 86.65% of the company's stock.

KLA Stock Up 2.0 %

KLAC traded up $13.46 during trading hours on Friday, reaching $670.22. 1,361,682 shares of the stock traded hands, compared to its average volume of 1,053,963. KLA Co. has a fifty-two week low of $551.33 and a fifty-two week 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. The company has a market cap of $89.06 billion, a price-to-earnings ratio of 28.18, a PEG ratio of 1.57 and a beta of 1.37. The firm's fifty day simple moving average is $705.57 and its two-hundred day simple moving average is $693.97.

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KLA (NASDAQ:KLAC - Get Free Report) last announced its 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, analysts forecast that KLA Co. will post 31.59 earnings per share for the current fiscal 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 given a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Monday, February 24th. KLA's payout ratio is currently 28.60%.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on KLAC shares. Citigroup decreased their target price on shares of KLA from $910.00 to $800.00 and set a "buy" rating on the stock in a research report on Friday. Oppenheimer decreased their price target on shares of KLA from $850.00 to $700.00 and set an "outperform" rating on the stock in a report on Friday. Susquehanna upped their price objective on KLA from $620.00 to $655.00 and gave the stock a "neutral" rating in a report on Wednesday, January 22nd. UBS Group lifted their target price on KLA from $665.00 to $780.00 and gave the company a "neutral" rating in a report on Tuesday, January 21st. Finally, Jefferies Financial Group restated a "hold" rating and set a $725.00 price target (down from $875.00) on shares of KLA in a research note on Friday, March 28th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $818.28.

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.