Great Lakes Retirement Inc. acquired a new stake in KLA Corporation (NASDAQ:KLAC) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 4,408 shares of the semiconductor company’s stock, valued at approximately $788,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Ilmarinen Mutual Pension Insurance Co bought a new position in KLA during the 3rd quarter worth approximately $6,378,000. Voya Financial Advisors Inc. acquired a new position in KLA during the third quarter worth $225,000. Boston Partners increased its holdings in KLA by 132.7% during the third quarter. Boston Partners now owns 3,050,833 shares of the semiconductor company’s stock worth $486,716,000 after buying an additional 1,739,882 shares during the last quarter. Covington Capital Management increased its holdings in KLA by 2.1% during the third quarter. Covington Capital Management now owns 15,855 shares of the semiconductor company’s stock worth $2,528,000 after buying an additional 325 shares during the last quarter. Finally, Penserra Capital Management LLC increased its holdings in KLA by 128.7% during the third quarter. Penserra Capital Management LLC now owns 1,839 shares of the semiconductor company’s stock worth $292,000 after buying an additional 1,035 shares during the last quarter. Hedge funds and other institutional investors own 88.15% of the company’s stock.
A number of brokerages recently weighed in on KLAC. Morgan Stanley lowered their target price on shares of KLA from $160.00 to $148.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 18th. ValuEngine upgraded shares of KLA from a “sell” rating to a “hold” rating in a report on Wednesday, March 4th. BidaskClub upgraded shares of KLA from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Nomura reiterated a “buy” rating and issued a $215.00 price objective on shares of KLA in a report on Sunday, February 9th. Finally, Cowen upped their price objective on shares of KLA from $195.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $174.92.
In other KLA news, EVP Oreste Donzella sold 590 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $168.35, for a total transaction of $99,326.50. Following the transaction, the executive vice president now directly owns 5,377 shares in the company, valued at approximately $905,217.95. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Teri A. Little sold 3,877 shares of KLA stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $155.28, for a total value of $602,020.56. Following the sale, the executive vice president now owns 5,727 shares in the company, valued at $889,288.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,639 shares of company stock worth $1,570,577. 0.19% of the stock is owned by company insiders.
Shares of KLAC stock traded up $1.31 during trading hours on Wednesday, hitting $137.67. 37,565 shares of the company were exchanged, compared to its average volume of 2,508,514. The firm has a market cap of $18.24 billion, a P/E ratio of 19.36, a P/E/G ratio of 0.98 and a beta of 1.60. KLA Corporation has a fifty-two week low of $101.34 and a fifty-two week high of $184.50. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.82 and a current ratio of 2.55. The company has a 50 day simple moving average of $154.79 and a two-hundred day simple moving average of $164.24.
KLA (NASDAQ:KLAC) last issued its earnings results on Tuesday, February 4th. The semiconductor company reported $2.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.08. KLA had a return on equity of 50.92% and a net margin of 21.55%. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the business earned $2.44 EPS. KLA’s quarterly revenue was up 34.7% compared to the same quarter last year. As a group, sell-side analysts expect that KLA Corporation will post 10.14 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Saturday, February 22nd were issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend was Thursday, February 20th. KLA’s dividend payout ratio is currently 40.19%.
KLA Company Profile
KLA Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the semiconductor fabrication process.
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