Himension Capital Singapore PTE. LTD. Purchases 21,293 Shares of KLA Co. (NASDAQ:KLAC)

Himension Capital Singapore PTE. LTD. boosted its position in KLA Co. (NASDAQ:KLAC) by 1,717.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,533 shares of the semiconductor company’s stock after buying an additional 21,293 shares during the quarter. KLA makes up about 1.0% of Himension Capital Singapore PTE. LTD.’s portfolio, making the stock its 13th biggest position. Himension Capital Singapore PTE. LTD.’s holdings in KLA were worth $14,198,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. United Bank acquired a new stake in KLA in the 3rd quarter valued at $339,000. Benjamin Edwards Inc. acquired a new stake in shares of KLA in the third quarter valued at about $1,054,000. Hilltop Holdings Inc. bought a new stake in KLA during the third quarter worth about $382,000. Jacobs Levy Equity Management Inc. boosted its position in KLA by 1,050.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 3,751 shares of the semiconductor company’s stock valued at $2,905,000 after purchasing an additional 3,425 shares during the last quarter. Finally, Weiss Asset Management LP acquired a new position in shares of KLA during the 3rd quarter worth approximately $3,252,000. Institutional investors own 86.65% of the company’s stock.

Analysts Set New Price Targets

KLAC has been the subject of several analyst reports. Susquehanna raised their target price on shares of KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Wells Fargo & Company lifted their price target on KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. The Goldman Sachs Group raised their price objective on KLA from $759.00 to $864.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Stifel Nicolaus boosted their target price on KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Finally, Barclays increased their price objective on shares of KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $832.17.

KLA Stock Performance

NASDAQ KLAC opened at $576.53 on Friday. KLA Co. has a 52-week low of $559.76 and a 52-week high of $896.32. The company has a 50-day simple moving average of $716.60 and a 200 day simple moving average of $699.79. The company has a market capitalization of $76.61 billion, a PE ratio of 24.24, a price-to-earnings-growth ratio of 1.57 and a beta of 1.37. 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 (NASDAQ:KLAC) last posted its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, topping 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%. On average, research analysts predict that KLA Co. will post 31.59 EPS for the current year.

KLA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Monday, February 24th were paid 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 1.18%. KLA’s dividend payout ratio is currently 28.60%.

Insider Buying and Selling

In other news, CFO Bren D. Higgins sold 7,008 shares of the company’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 of the company’s stock, valued at approximately $20,867,606.76. This represents a 19.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.12% of the stock is currently owned by insiders.

KLA Company 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.