KLA Co. (NASDAQ:KLAC) Shares Sold by Perennial Investment Advisors LLC

Perennial Investment Advisors LLC lowered its holdings in KLA Co. (NASDAQ:KLAC) by 7.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 659 shares of the semiconductor company’s stock after selling 54 shares during the period. Perennial Investment Advisors LLC’s holdings in KLA were worth $415,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Hutchens & Kramer Investment Management Group LLC raised its position in KLA by 3.3% in the fourth quarter. Hutchens & Kramer Investment Management Group LLC now owns 411 shares of the semiconductor company’s stock valued at $259,000 after purchasing an additional 13 shares during the period. Richardson Financial Services Inc. grew its stake in shares of KLA by 5.9% in the fourth quarter. Richardson Financial Services Inc. now owns 253 shares of the semiconductor company’s stock valued at $160,000 after buying an additional 14 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of KLA by 6.5% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 246 shares of the semiconductor company’s stock valued at $155,000 after buying an additional 15 shares during the period. Catalyst Financial Partners LLC lifted its position in KLA by 2.0% during the 4th quarter. Catalyst Financial Partners LLC now owns 755 shares of the semiconductor company’s stock worth $476,000 after acquiring an additional 15 shares in the last quarter. Finally, TFB Advisors LLC boosted its holdings in KLA by 3.4% in the 4th quarter. TFB Advisors LLC now owns 489 shares of the semiconductor company’s stock worth $308,000 after acquiring an additional 16 shares during the period. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Wall Street Analysts Forecast Growth

KLAC has been the topic of a number of recent research reports. Wells Fargo & Company boosted their target price on shares of KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Morgan Stanley raised shares of KLA from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $748.00 to $870.00 in a research report on Monday, March 31st. Stifel Nicolaus lifted their target price on KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. UBS Group increased their price target on KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. Finally, The Goldman Sachs Group lifted their price objective on KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $832.17.

KLA Price Performance

Shares of KLAC opened at $576.53 on Friday. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63. The company has a market cap of $76.61 billion, a P/E ratio of 24.24, a PEG ratio of 1.57 and a beta of 1.37. KLA Co. has a 12 month low of $559.76 and a 12 month high of $896.32. The stock has a fifty day moving average price of $716.60 and a 200 day moving average price of $699.79.

KLA (NASDAQ:KLAC) last released its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, topping 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%. On average, research analysts forecast that KLA Co. will post 31.59 earnings per share for the current year.

KLA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders 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 annualized dividend and a dividend yield of 1.18%. KLA’s dividend payout ratio is presently 28.60%.

Insider Buying and Selling

In other news, CFO Bren D. Higgins sold 7,008 shares of the stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $724.62, for a total value of $5,078,136.96. Following the completion of 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 this link. Corporate insiders own 0.12% of the company’s stock.

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.