KLA Co. (NASDAQ:KLAC) Shares Acquired by Curi RMB Capital LLC

Curi RMB Capital LLC increased its position in shares of KLA Co. (NASDAQ:KLAC) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,036 shares of the semiconductor company’s stock after purchasing an additional 20 shares during the period. Curi RMB Capital LLC’s holdings in KLA were worth $1,283,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of KLAC. Tortoise Investment Management LLC boosted its position in shares of 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 acquiring an additional 36 shares in the last quarter. TCTC Holdings LLC acquired a new position in KLA in the fourth quarter valued at approximately $31,000. Kohmann Bosshard Financial Services LLC acquired a new position in KLA in the fourth quarter valued at approximately $32,000. Fairfield Financial Advisors LTD increased its stake in KLA by 160.0% in the fourth quarter. Fairfield Financial Advisors LTD now owns 65 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 40 shares during the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in KLA during the fourth quarter worth approximately $43,000. Institutional investors and hedge funds own 86.65% of the company’s stock.

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 1.2 %

KLAC stock opened at $634.43 on Monday. The stock has a market capitalization of $84.31 billion, a PE ratio of 26.68, a price-to-earnings-growth ratio of 1.57 and a beta of 1.37. The company has a fifty day moving average of $695.14 and a 200-day moving average of $689.74. 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 Co. has a one year low of $551.33 and a one year high of $896.32.

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

KLA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were given a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 1.07%. The ex-dividend date was Monday, February 24th. KLA’s payout ratio is 28.60%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Jefferies Financial Group restated a “hold” rating and issued a $725.00 target price (down previously from $875.00) on shares of KLA in a report on Friday, March 28th. Citigroup decreased their price objective on shares of KLA from $910.00 to $800.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Deutsche Bank Aktiengesellschaft lifted their target price on KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Barclays upped their target price on KLA from $700.00 to $760.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Finally, Oppenheimer cut their price target on KLA from $850.00 to $700.00 and set an “outperform” rating on the stock in a research report on Friday, April 11th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, KLA presently has an average rating of “Moderate Buy” and a consensus price target of $814.11.

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.