Clarius Group LLC Has $839,000 Holdings in KLA Co. (NASDAQ:KLAC)

Clarius Group LLC reduced its holdings in KLA Co. (NASDAQ:KLAC) by 4.3% during the 4th quarter, Holdings Channel reports. The fund owned 1,444 shares of the semiconductor company’s stock after selling 65 shares during the quarter. Clarius Group LLC’s holdings in KLA were worth $839,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. State of Michigan Retirement System raised its position in KLA by 5.9% in the 4th quarter. State of Michigan Retirement System now owns 39,668 shares of the semiconductor company’s stock worth $23,059,000 after purchasing an additional 2,200 shares during the last quarter. Chico Wealth RIA raised its position in KLA by 287.0% in the 4th quarter. Chico Wealth RIA now owns 3,870 shares of the semiconductor company’s stock worth $2,250,000 after purchasing an additional 2,870 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in KLA in the 4th quarter worth approximately $4,754,000. Jackson Square Capital LLC raised its position in KLA by 41.4% in the 4th quarter. Jackson Square Capital LLC now owns 8,337 shares of the semiconductor company’s stock worth $4,846,000 after purchasing an additional 2,442 shares during the last quarter. Finally, Pathstone Family Office LLC raised its position in KLA by 179.0% in the 3rd quarter. Pathstone Family Office LLC now owns 9,535 shares of the semiconductor company’s stock worth $4,373,000 after purchasing an additional 6,117 shares during the last quarter. 86.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Oreste Donzella sold 3,257 shares of the stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $697.85, for a total transaction of $2,272,897.45. Following the sale, the executive vice president now owns 16,922 shares in the company, valued at approximately $11,809,017.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other KLA news, EVP Oreste Donzella sold 3,257 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $697.85, for a total value of $2,272,897.45. Following the sale, the executive vice president now owns 16,922 shares in the company, valued at $11,809,017.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Bren D. Higgins sold 7,018 shares of KLA stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $705.04, for a total transaction of $4,947,970.72. Following the transaction, the chief financial officer now owns 32,375 shares in the company, valued at approximately $22,825,670. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. 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 report on Friday, January 19th. Bank of America upped their target price on shares of KLA from $740.00 to $850.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. The Goldman Sachs Group upped their target price on shares of KLA from $560.00 to $640.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Berenberg Bank upped their target price on shares of KLA from $670.00 to $690.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Finally, Barclays upped their price objective on shares of KLA from $500.00 to $550.00 and gave the company an “underweight” rating in a research report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $671.84.

KLA Stock Down 2.8 %

KLA stock opened at $680.78 on Friday. The stock has a market cap of $92.06 billion, a P/E ratio of 34.57, a P/E/G ratio of 3.41 and a beta of 1.34. The company has a quick ratio of 1.25, a current ratio of 1.91 and a debt-to-equity ratio of 1.69. KLA Co. has a twelve month low of $355.88 and a twelve month high of $729.15. The company’s 50-day moving average price is $680.01 and its two-hundred day moving average price is $585.60.

KLA (NASDAQ:KLAC) last released its quarterly earnings results on Thursday, January 25th. The semiconductor company reported $6.16 earnings per share for the quarter, beating the consensus estimate of $5.91 by $0.25. KLA had a net margin of 27.98% and a return on equity of 107.56%. The firm had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same period in the prior year, the firm earned $7.38 EPS. The business’s revenue was down 16.7% on a year-over-year basis. As a group, analysts expect that KLA Co. will post 22.69 EPS for the current year.

KLA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 19th were given a dividend of $1.45 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $5.80 annualized dividend and a dividend yield of 0.85%. KLA’s dividend payout ratio is 29.46%.

About KLA

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.