RiverGlades Family Offices LLC bought a new position in shares of KLA Co. (NASDAQ:KLAC - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 495 shares of the semiconductor company's stock, valued at approximately $312,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. boosted its position in KLA by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 13,484,468 shares of the semiconductor company's stock worth $8,496,833,000 after purchasing an additional 85,370 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of KLA by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 3,253,302 shares of the semiconductor company's stock worth $2,046,472,000 after buying an additional 31,608 shares during the last quarter. Norges Bank purchased a new stake in shares of KLA in the 4th quarter worth about $1,175,756,000. Pictet Asset Management Holding SA grew its stake in KLA by 25.2% in 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 during the last quarter. Finally, Invesco Ltd. increased its holdings in KLA by 1.7% during the 4th quarter. Invesco Ltd. now owns 1,404,395 shares of the semiconductor company's stock valued at $884,937,000 after acquiring an additional 23,365 shares in the last quarter. 86.65% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several analysts have recently commented on KLAC shares. Jefferies Financial Group reiterated a "hold" rating and issued a $725.00 price target (down from $875.00) on shares of KLA in a research report on Friday, March 28th. Wells Fargo & Company increased their target price on KLA from $795.00 to $870.00 and gave the company an "overweight" rating in a report on Friday, January 31st. UBS Group raised their price target on KLA from $665.00 to $780.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 21st. Oppenheimer reduced their price objective on KLA from $850.00 to $700.00 and set an "outperform" rating on the stock in a research report on Friday. Finally, Susquehanna lifted their price objective on KLA from $620.00 to $655.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 22nd. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $818.28.
Get Our Latest Analysis on KLAC
KLA Trading Up 2.0 %
Shares of KLAC traded up $13.46 during trading hours on Friday, hitting $670.22. The stock had a trading volume of 1,361,682 shares, compared to its average volume of 1,052,995. KLA Co. has a 12-month low of $551.33 and a 12-month high of $896.32. The firm 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. 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's fifty day simple moving average is $705.57 and its 200 day simple moving average is $694.74.
KLA (NASDAQ:KLAC - Get Free Report) last released 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%. Equities research analysts forecast that KLA Co. will post 31.59 EPS for the current fiscal year.
KLA Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were given a dividend of $1.70 per share. The ex-dividend date was Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a yield of 1.01%. KLA's dividend payout ratio (DPR) is 28.60%.
Insiders Place Their Bets
In other KLA 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 transaction, the chief financial officer now owns 28,798 shares in the company, valued at $20,867,606.76. The trade was a 19.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.12% of the stock is owned by insiders.
About KLA
(
Free Report)
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.
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