Sei Investments Co. Has $53.38 Million Holdings in KLA Co. (NASDAQ:KLAC)

Sei Investments Co. grew its stake in KLA Co. (NASDAQ:KLAC - Free Report) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,711 shares of the semiconductor company's stock after purchasing an additional 3,064 shares during the quarter. Sei Investments Co. owned approximately 0.06% of KLA worth $53,378,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. American Century Companies Inc. lifted its holdings in KLA by 2.8% during the 4th quarter. American Century Companies Inc. now owns 203,744 shares of the semiconductor company's stock worth $128,383,000 after purchasing an additional 5,579 shares during the last quarter. Mizuho Securities USA LLC lifted its holdings in shares of KLA by 45.4% during the fourth quarter. Mizuho Securities USA LLC now owns 12,677 shares of the semiconductor company's stock worth $7,988,000 after buying an additional 3,960 shares in the last quarter. Quantbot Technologies LP lifted its holdings in shares of KLA by 43.2% during the fourth quarter. Quantbot Technologies LP now owns 31,415 shares of the semiconductor company's stock worth $19,795,000 after buying an additional 9,482 shares in the last quarter. Whittier Trust Co. boosted its position in shares of KLA by 11.9% in the fourth quarter. Whittier Trust Co. now owns 2,025 shares of the semiconductor company's stock valued at $1,276,000 after acquiring an additional 216 shares during the period. Finally, Blueshift Asset Management LLC grew its stake in shares of KLA by 19.8% in the fourth quarter. Blueshift Asset Management LLC now owns 1,279 shares of the semiconductor company's stock valued at $806,000 after acquiring an additional 211 shares in the last quarter. Institutional investors and hedge funds own 86.65% of the company's stock.

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Insider Activity

In related 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.12% of the company's stock.

KLA Price Performance

KLAC stock traded down $5.54 during trading on Thursday, reaching $700.00. 732,978 shares of the company were exchanged, compared to its average volume of 952,253. 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 Co. has a twelve month low of $609.40 and a twelve month high of $896.32. The company has a market capitalization of $93.02 billion, a price-to-earnings ratio of 29.44, a P/E/G ratio of 1.57 and a beta of 1.30. The company has a 50-day moving average of $730.46 and a two-hundred day moving average of $703.39.

KLA (NASDAQ:KLAC - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, beating 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, equities analysts predict that KLA Co. will post 31.59 earnings per share 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 issued a dividend of $1.70 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $6.80 annualized dividend and a yield of 0.97%. KLA's payout ratio is 28.60%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of KLA from $725.00 to $850.00 and gave the company a "buy" rating in a report on Friday, January 31st. The Goldman Sachs Group increased their price target on KLA from $759.00 to $864.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. StockNews.com lowered KLA from a "buy" rating to a "hold" rating in a research note on Wednesday, November 27th. UBS Group upped their target price on KLA from $665.00 to $780.00 and gave the company a "neutral" rating in a research report on Tuesday, January 21st. Finally, Needham & Company LLC raised their price target on KLA from $800.00 to $830.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $830.67.

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.