Livforsakringsbolaget Skandia Omsesidigt Has $17.01 Million Position in KLA Co. (NASDAQ:KLAC)

Livforsakringsbolaget Skandia Omsesidigt raised its position in KLA Co. (NASDAQ:KLAC) by 28.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,983 shares of the semiconductor company’s stock after purchasing an additional 4,900 shares during the quarter. KLA accounts for about 0.9% of Livforsakringsbolaget Skandia Omsesidigt’s holdings, making the stock its 19th biggest holding. Livforsakringsbolaget Skandia Omsesidigt’s holdings in KLA were worth $17,014,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in KLAC. Optimist Retirement Group LLC acquired a new position in KLA in the 4th quarter valued at approximately $2,397,000. GLOBALT Investments LLC GA acquired a new stake in shares of KLA in the fourth quarter valued at about $2,254,000. Sierra Summit Advisors LLC bought a new position in shares of KLA during the fourth quarter worth about $491,000. Beacon Financial Group acquired a new position in shares of KLA in the fourth quarter worth approximately $225,000. Finally, Integrated Advisors Network LLC boosted its holdings in KLA by 317.8% in the fourth quarter. Integrated Advisors Network LLC now owns 9,000 shares of the semiconductor company’s stock valued at $5,232,000 after acquiring an additional 6,846 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors.

KLA Stock Performance

Shares of KLAC opened at $803.73 on Friday. KLA Co. has a 52 week low of $452.01 and a 52 week high of $896.32. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.50 and a current ratio of 2.15. The stock has a 50 day moving average price of $771.73 and a two-hundred day moving average price of $763.32. The firm has a market capitalization of $108.21 billion, a P/E ratio of 42.10, a P/E/G ratio of 1.60 and a beta of 1.27.

KLA (NASDAQ:KLAC) last released its quarterly earnings results on Wednesday, July 24th. The semiconductor company reported $6.60 EPS for the quarter, beating analysts’ consensus estimates of $6.15 by $0.45. KLA had a return on equity of 103.50% and a net margin of 28.15%. The business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the prior year, the firm posted $5.40 EPS. KLA’s quarterly revenue was up 9.1% compared to the same quarter last year. Equities analysts forecast that KLA Co. will post 29.13 earnings per share for the current fiscal year.

KLA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were paid a $1.45 dividend. The ex-dividend date was Thursday, August 15th. This represents a $5.80 annualized dividend and a yield of 0.72%. KLA’s dividend payout ratio (DPR) is 30.38%.

Analysts Set New Price Targets

Several research firms have issued reports on KLAC. Argus raised their price target on shares of KLA from $800.00 to $875.00 and gave the stock a “buy” rating in a report on Friday, July 26th. UBS Group dropped their target price on shares of KLA from $900.00 to $765.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Oppenheimer started coverage on KLA in a report on Wednesday, September 25th. They set a “market perform” rating and a $750.00 price target for the company. StockNews.com downgraded KLA from a “buy” rating to a “hold” rating in a research note on Thursday, August 29th. Finally, Evercore ISI raised their target price on KLA from $800.00 to $900.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Ten analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, KLA has an average rating of “Moderate Buy” and an average target price of $804.57.

Insiders Place Their Bets

In other KLA news, CEO Richard P. Wallace sold 17,437 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $705.01, for a total value of $12,293,259.37. Following the completion of the transaction, the chief executive officer now owns 105,329 shares in the company, valued at $74,257,998.29. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other KLA news, CEO Richard P. Wallace sold 17,437 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $705.01, for a total value of $12,293,259.37. Following the transaction, the chief executive officer now directly owns 105,329 shares in the company, valued at $74,257,998.29. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mary Beth Wilkinson sold 2,611 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $652.17, for a total transaction of $1,702,815.87. Following the sale, the executive vice president now owns 9,298 shares of the company’s stock, valued at approximately $6,063,876.66. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,873 shares of company stock valued at $14,532,193 in the last 90 days. 0.12% of the stock is currently owned by corporate insiders.

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.