UniSuper Management Pty Ltd raised its stake in shares of KLA Co. (NASDAQ:KLAC - Free Report) by 6.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,683 shares of the semiconductor company's stock after purchasing an additional 1,475 shares during the period. UniSuper Management Pty Ltd's holdings in KLA were worth $16,183,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. United Bank bought a new stake in KLA in the third quarter worth $339,000. D.A. Davidson & CO. increased its holdings in shares of KLA by 1.8% in the 3rd quarter. D.A. Davidson & CO. now owns 3,769 shares of the semiconductor company's stock worth $2,919,000 after buying an additional 66 shares during the last quarter. Townsquare Capital LLC raised its position in shares of KLA by 60.4% during the 3rd quarter. Townsquare Capital LLC now owns 2,705 shares of the semiconductor company's stock valued at $2,095,000 after buying an additional 1,019 shares in the last quarter. Glenmede Trust Co. NA lifted its holdings in shares of KLA by 1.2% in the 3rd quarter. Glenmede Trust Co. NA now owns 32,668 shares of the semiconductor company's stock valued at $25,298,000 after acquiring an additional 403 shares during the last quarter. Finally, Blueshift Asset Management LLC purchased a new position in KLA in the third quarter worth about $827,000. Institutional investors own 86.65% of the company's stock.
KLA Stock Down 0.0 %
KLAC traded down $0.33 during trading on Tuesday, hitting $679.47. The stock had a trading volume of 159,075 shares, compared to its average volume of 1,005,092. The stock has a 50 day simple moving average of $726.28 and a two-hundred day simple moving average of $702.34. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36. 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 $90.29 billion, a PE ratio of 28.55, a PEG ratio of 1.57 and a beta of 1.30.
KLA (NASDAQ:KLAC - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, topping the consensus estimate of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. On average, research analysts predict that KLA Co. will post 31.59 earnings per share for the current year.
KLA Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were issued a $1.70 dividend. The ex-dividend date was Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 1.00%. KLA's dividend payout ratio is currently 28.60%.
Insider Transactions at KLA
In other KLA news, CFO Bren D. Higgins sold 7,008 shares of KLA 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 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. The trade was a 19.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.12% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on KLAC. UBS Group raised their price objective on KLA from $665.00 to $780.00 and gave the company a "neutral" rating in a research note on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of KLA from $725.00 to $850.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Cantor Fitzgerald increased their price objective on shares of KLA from $800.00 to $875.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Needham & Company LLC upped their target price on KLA from $800.00 to $830.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Finally, Barclays upped their price target on shares of KLA from $700.00 to $760.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $832.17.
View Our Latest Stock Report on KLA
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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