KLA Co. (NASDAQ:KLAC) Shares Purchased by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd boosted its position in shares of KLA Co. (NASDAQ:KLAC) by 6.1% in the 4th quarter, HoldingsChannel reports. The fund owned 25,683 shares of the semiconductor company’s stock after acquiring 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 SEC filing.

A number of other large investors also recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new position in shares of KLA during the third quarter worth $29,000. Tortoise Investment Management LLC lifted its holdings in KLA by 300.0% during the 4th quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company’s stock worth $30,000 after buying an additional 36 shares during the last quarter. TCTC Holdings LLC acquired a new position in shares of KLA during the 4th quarter worth about $31,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of KLA during the 4th quarter worth about $32,000. Finally, Groupama Asset Managment increased its holdings in shares of KLA by 82.3% in the 3rd quarter. Groupama Asset Managment now owns 4,515 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 2,038 shares during the last quarter. 86.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at KLA

In related news, CFO Bren D. Higgins sold 7,008 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 28,798 shares in the company, valued at $20,867,606.76. This trade represents a 19.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.12% of the stock is owned by corporate insiders.

KLA Stock Down 0.8 %

Shares of NASDAQ:KLAC opened at $700.00 on Friday. KLA Co. has a fifty-two week low of $609.40 and a fifty-two week high of $896.32. 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 firm’s 50-day simple moving average is $729.51 and its 200-day simple moving average is $703.36. The company has a market cap of $93.02 billion, a price-to-earnings ratio of 29.44, a PEG ratio of 1.57 and a beta of 1.30.

KLA (NASDAQ:KLAC) last released its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) 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%. As a group, equities research analysts predict that KLA Co. will post 31.59 earnings per share for the current year.

KLA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were issued a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date was Monday, February 24th. KLA’s dividend payout ratio (DPR) is currently 28.60%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on KLAC shares. Deutsche Bank Aktiengesellschaft boosted their target price on KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Cantor Fitzgerald upped their target price on shares of KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a report on Friday, January 31st. The Goldman Sachs Group increased their target price on shares of KLA from $759.00 to $864.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Needham & Company LLC boosted their price target on shares of KLA from $800.00 to $830.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Finally, Stifel Nicolaus raised their price objective on KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Seven research 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $830.67.

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.