Sivia Capital Partners LLC Makes New Investment in KLA Co. (NASDAQ:KLAC)

Sivia Capital Partners LLC bought a new position in shares of KLA Co. (NASDAQ:KLAC) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 295 shares of the semiconductor company’s stock, valued at approximately $206,000.

Several other institutional investors and hedge funds also recently modified their holdings of KLAC. Lazard Asset Management LLC lifted its holdings in shares of KLA by 67.7% in the third quarter. Lazard Asset Management LLC now owns 41,298 shares of the semiconductor company’s stock valued at $18,941,000 after purchasing an additional 16,670 shares in the last quarter. SRS Capital Advisors Inc. lifted its holdings in shares of KLA by 22.4% in the third quarter. SRS Capital Advisors Inc. now owns 470 shares of the semiconductor company’s stock valued at $216,000 after purchasing an additional 86 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of KLA by 16.3% in the third quarter. Advisors Asset Management Inc. now owns 8,837 shares of the semiconductor company’s stock valued at $4,053,000 after purchasing an additional 1,239 shares in the last quarter. Alkeon Capital Management LLC lifted its holdings in shares of KLA by 52.8% in the third quarter. Alkeon Capital Management LLC now owns 1,156,913 shares of the semiconductor company’s stock valued at $530,630,000 after purchasing an additional 400,000 shares in the last quarter. Finally, Legacy Advisors LLC lifted its holdings in shares of KLA by 36.8% in the third quarter. Legacy Advisors LLC now owns 3,405 shares of the semiconductor company’s stock valued at $1,562,000 after purchasing an additional 916 shares in the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

KLA Stock Up 1.4 %

KLAC traded up $12.15 during trading hours on Wednesday, reaching $851.26. 131,709 shares of the stock traded hands, compared to its average volume of 896,431. KLA Co. has a fifty-two week low of $440.15 and a fifty-two week high of $876.55. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.14 and a quick ratio of 1.46. The company has a market cap of $114.61 billion, a price-to-earnings ratio of 43.96, a PEG ratio of 3.94 and a beta of 1.27. The firm’s fifty day simple moving average is $767.02 and its two-hundred day simple moving average is $685.50.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data on Thursday, April 25th. The semiconductor company reported $5.26 EPS for the quarter, beating analysts’ consensus estimates of $4.94 by $0.32. KLA had a net margin of 27.19% and a return on equity of 102.37%. The firm had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same period in the prior year, the firm posted $5.49 EPS. The firm’s revenue was down 3.0% compared to the same quarter last year. As a group, analysts forecast that KLA Co. will post 23.3 earnings per share for the current fiscal year.

KLA Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th were paid a dividend of $1.45 per share. The ex-dividend date was Tuesday, May 14th. This represents a $5.80 dividend on an annualized basis and a yield of 0.68%. KLA’s dividend payout ratio (DPR) is 30.38%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Barclays raised shares of KLA from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $630.00 to $765.00 in a report on Wednesday, June 5th. Needham & Company LLC reissued a “hold” rating on shares of KLA in a research note on Friday, April 26th. Evercore ISI started coverage on shares of KLA in a research note on Tuesday, April 16th. They set an “outperform” rating and a $800.00 price objective on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of KLA in a research note on Thursday, April 11th. They set a “buy” rating and a $800.00 price objective on the stock. Finally, Wells Fargo & Company upped their price objective on shares of KLA from $860.00 to $950.00 and gave the company an “overweight” rating in a research note on Monday, June 17th. Nine investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, KLA presently has an average rating of “Moderate Buy” and an average target price of $747.40.

Insider Buying and Selling at KLA

In other KLA news, insider Ahmad A. Khan sold 7,833 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $760.00, for a total transaction of $5,953,080.00. Following the transaction, the insider now directly owns 32,105 shares in the company, valued at approximately $24,399,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other KLA news, CFO Bren D. Higgins sold 1,019 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $788.58, for a total transaction of $803,563.02. Following the completion of the transaction, the chief financial officer now directly owns 31,356 shares of the company’s stock, valued at approximately $24,726,714.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ahmad A. Khan sold 7,833 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $760.00, for a total transaction of $5,953,080.00. Following the transaction, the insider now directly owns 32,105 shares of the company’s stock, valued at $24,399,800. The disclosure for this sale can be found here. Insiders have sold 22,861 shares of company stock worth $16,795,913 in the last ninety days. 0.12% of the stock is owned by insiders.

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.