KLA Co. (NASDAQ:KLAC) Shares Bought by Blair William & Co. IL

Blair William & Co. IL grew its position in KLA Co. (NASDAQ:KLAC) by 0.6% during the fourth quarter, Holdings Channel reports. The firm owned 31,210 shares of the semiconductor company’s stock after acquiring an additional 186 shares during the period. Blair William & Co. IL’s holdings in KLA were worth $19,666,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. United Bank purchased a new stake in shares of KLA in the 3rd quarter valued at $339,000. D.A. Davidson & CO. boosted its holdings in KLA by 1.8% in the third quarter. D.A. Davidson & CO. now owns 3,769 shares of the semiconductor company’s stock valued at $2,919,000 after purchasing an additional 66 shares during the last quarter. Townsquare Capital LLC grew its position in KLA by 60.4% during the 3rd quarter. Townsquare Capital LLC now owns 2,705 shares of the semiconductor company’s stock worth $2,095,000 after purchasing an additional 1,019 shares during the period. CreativeOne Wealth LLC raised its stake in shares of KLA by 45.2% during the 3rd quarter. CreativeOne Wealth LLC now owns 2,710 shares of the semiconductor company’s stock valued at $2,099,000 after buying an additional 844 shares during the last quarter. Finally, Alkeon Capital Management LLC lifted its holdings in shares of KLA by 5.5% in the 3rd quarter. Alkeon Capital Management LLC now owns 945,835 shares of the semiconductor company’s stock valued at $732,464,000 after buying an additional 49,470 shares during the period. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

KLA Trading Down 3.8 %

Shares of KLAC opened at $673.60 on Friday. The firm’s fifty day moving average is $727.83 and its two-hundred day moving average is $703.11. The stock has a market cap of $89.51 billion, a PE ratio of 28.33, a price-to-earnings-growth ratio of 1.57 and a beta of 1.30. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64. KLA Co. has a 52-week low of $609.40 and a 52-week high of $896.32.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%. Research analysts forecast that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors 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 payout ratio is 28.60%.

Analyst Ratings Changes

KLAC has been the subject of several recent research reports. Jefferies Financial Group reiterated a “hold” rating and set a $725.00 price target (down from $875.00) on shares of KLA in a research report on Friday. The Goldman Sachs Group lifted their target price on shares of KLA from $759.00 to $864.00 and gave the company a “buy” rating in a report on Friday, January 31st. Morgan Stanley increased their price target on shares of KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a report on Monday, February 3rd. Barclays lifted their price objective on shares of KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Finally, UBS Group increased their target price on shares of KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $825.39.

Insiders Place Their Bets

In other news, CFO Bren D. Higgins sold 7,008 shares of KLA stock in a transaction on 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.12% of the stock is currently owned by corporate insiders.

KLA Profile

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.