KLA Co. (NASDAQ:KLAC) Stock Position Lifted by SVB Wealth LLC

SVB Wealth LLC boosted its stake in shares of KLA Co. (NASDAQ:KLAC) by 20.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,111 shares of the semiconductor company’s stock after purchasing an additional 192 shares during the period. SVB Wealth LLC’s holdings in KLA were worth $646,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KLAC. State of Michigan Retirement System lifted its stake in KLA by 5.9% in the fourth quarter. State of Michigan Retirement System now owns 39,668 shares of the semiconductor company’s stock valued at $23,059,000 after acquiring an additional 2,200 shares during the last quarter. Chico Wealth RIA lifted its stake in KLA by 287.0% in the fourth quarter. Chico Wealth RIA now owns 3,870 shares of the semiconductor company’s stock valued at $2,250,000 after acquiring an additional 2,870 shares during the last quarter. Crestwood Advisors Group LLC lifted its stake in KLA by 48.7% in the fourth quarter. Crestwood Advisors Group LLC now owns 43,484 shares of the semiconductor company’s stock valued at $25,277,000 after acquiring an additional 14,251 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in KLA in the fourth quarter valued at approximately $4,754,000. Finally, Cerity Partners LLC lifted its stake in KLA by 58.3% in the fourth quarter. Cerity Partners LLC now owns 64,156 shares of the semiconductor company’s stock valued at $37,294,000 after acquiring an additional 23,635 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 other news, CFO Bren D. Higgins sold 7,018 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $705.04, for a total value of $4,947,970.72. Following the sale, the chief financial officer now owns 32,375 shares of the company’s stock, valued at approximately $22,825,670. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CFO Bren D. Higgins sold 7,018 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $705.04, for a total value of $4,947,970.72. Following the sale, the chief financial officer now owns 32,375 shares of the company’s stock, valued at approximately $22,825,670. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Oreste Donzella sold 3,257 shares of the company’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $697.85, for a total transaction of $2,272,897.45. Following the completion of the sale, the executive vice president now directly owns 16,922 shares in the company, valued at approximately $11,809,017.70. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

KLA Trading Down 2.5 %

Shares of KLA stock opened at $628.16 on Friday. The firm has a market capitalization of $84.95 billion, a PE ratio of 31.90, a price-to-earnings-growth ratio of 3.21 and a beta of 1.34. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.91 and a quick ratio of 1.25. The company’s fifty day moving average price is $684.19 and its two-hundred day moving average price is $592.79. KLA Co. has a 52-week low of $355.88 and a 52-week high of $729.15.

KLA (NASDAQ:KLAC) last announced its quarterly earnings results on Thursday, January 25th. The semiconductor company reported $6.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.91 by $0.25. The firm had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.46 billion. KLA had a net margin of 27.98% and a return on equity of 107.56%. The business’s revenue for the quarter was down 16.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $7.38 EPS. On average, analysts expect that KLA Co. will post 22.61 EPS for the current year.

KLA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 19th were issued a $1.45 dividend. This represents a $5.80 annualized dividend and a yield of 0.92%. The ex-dividend date was Thursday, February 15th. KLA’s dividend payout ratio (DPR) is presently 29.46%.

Wall Street Analyst Weigh In

KLAC has been the subject of a number of analyst reports. TD Cowen lifted their target price on shares of KLA from $525.00 to $650.00 and gave the company a “market perform” rating in a research note on Friday, January 26th. UBS Group boosted their price objective on shares of KLA from $605.00 to $760.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 5th. Deutsche Bank Aktiengesellschaft started coverage on shares of KLA in a research note on Thursday, April 11th. They issued a “buy” rating and a $800.00 price objective for the company. Raymond James boosted their price objective on shares of KLA from $550.00 to $625.00 and gave the stock an “outperform” rating in a research note on Friday, January 19th. Finally, Barclays boosted their price objective on shares of KLA from $500.00 to $550.00 and gave the stock an “underweight” rating in a research note on Friday, January 26th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, KLA presently has an average rating of “Moderate Buy” and an average target price of $688.42.

KLA Company Profile

KLA Corporation designs, manufactures, and markets 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, Display and Component Inspection.