Sava Infond d.o.o. acquired a new stake in KLA Co. (NASDAQ:KLAC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 990 shares of the semiconductor company's stock, valued at approximately $624,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Legacy Investment Solutions LLC bought a new position in shares of KLA during the third quarter valued at approximately $29,000. Tortoise Investment Management LLC boosted its position in 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 acquiring an additional 36 shares in the last quarter. TCTC Holdings LLC purchased a new position in shares of KLA in the 4th quarter valued at $31,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of KLA in the 4th quarter worth $32,000. Finally, Groupama Asset Managment lifted 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 worth $35,000 after purchasing an additional 2,038 shares during the last quarter. Hedge funds and other institutional investors own 86.65% of the company's stock.
Insiders Place Their Bets
In related news, CFO Bren D. Higgins sold 7,008 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now owns 28,798 shares of the company's stock, valued at approximately $20,867,606.76. This represents a 19.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.12% of the stock is currently owned by insiders.
KLA Price Performance
Shares of KLAC traded down $0.33 during mid-day trading on Tuesday, reaching $679.47. 159,075 shares of the company's stock were exchanged, compared to its average volume of 1,005,085. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64. The company has a market cap of $90.29 billion, a price-to-earnings ratio of 28.55, a PEG ratio of 1.57 and a beta of 1.30. KLA Co. has a 52-week low of $609.40 and a 52-week high of $896.32. The company has a 50-day simple moving average of $726.28 and a two-hundred day simple moving average of $702.34.
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 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%. On average, sell-side analysts predict that KLA Co. will post 31.59 EPS for the current fiscal year.
KLA Dividend Announcement
The company 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. This represents a $6.80 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date was Monday, February 24th. KLA's dividend payout ratio (DPR) is presently 28.60%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on the company. Jefferies Financial Group reaffirmed a "hold" rating and set a $725.00 price target (down from $875.00) on shares of KLA in a research report on Friday. Wells Fargo & Company increased their price target on KLA from $795.00 to $870.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Stifel Nicolaus lifted their price objective on shares of KLA from $800.00 to $825.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. The Goldman Sachs Group upped their target price on KLA from $759.00 to $864.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Finally, Needham & Company LLC boosted their price target on KLA from $800.00 to $830.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $832.17.
Get Our Latest Stock Analysis on KLAC
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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