340 Shares in KLA Co. (NASDAQ:KLAC) Bought by Keyvantage Wealth LLC

Keyvantage Wealth LLC acquired a new stake in shares of KLA Co. (NASDAQ:KLAC) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 340 shares of the semiconductor company’s stock, valued at approximately $214,000.

A number of other hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of KLA in the 4th quarter worth approximately $1,175,756,000. Parnassus Investments LLC lifted its holdings in KLA by 381.3% during the fourth quarter. Parnassus Investments LLC now owns 733,328 shares of the semiconductor company’s stock worth $462,085,000 after acquiring an additional 580,967 shares during the period. Proficio Capital Partners LLC boosted its position in KLA by 114,444.5% in the fourth quarter. Proficio Capital Partners LLC now owns 342,488 shares of the semiconductor company’s stock worth $215,809,000 after purchasing an additional 342,189 shares during the last quarter. Capital Research Global Investors purchased a new stake in shares of KLA during the 4th quarter valued at $187,212,000. Finally, Pictet Asset Management Holding SA raised its stake in shares of KLA by 25.2% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,455,161 shares of the semiconductor company’s stock worth $916,926,000 after purchasing an additional 292,907 shares during the period. 86.65% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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 sale, the chief financial officer now directly 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 legal filing with the SEC, which is accessible through this link. Company insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on KLAC shares. Wells Fargo & Company raised their price objective on shares of KLA from $795.00 to $870.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Cantor Fitzgerald lifted their price objective on shares of KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Needham & Company LLC increased their price target on shares of KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a report on Friday, January 31st. The Goldman Sachs Group lifted their price objective on KLA from $759.00 to $864.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $725.00 price target (down previously from $875.00) on shares of KLA in a research note on Friday, March 28th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, KLA currently has a consensus rating of “Moderate Buy” and an average price target of $804.67.

KLA Stock Up 3.3 %

Shares of NASDAQ:KLAC opened at $657.11 on Thursday. KLA Co. has a 1 year low of $551.33 and a 1 year high of $896.32. 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 stock’s 50-day moving average is $688.11 and its 200 day moving average is $687.99. The company has a market cap of $87.32 billion, a PE ratio of 27.63, a P/E/G ratio of 1.57 and a beta of 1.37.

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

KLA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th were paid a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend was Monday, February 24th. KLA’s payout ratio is presently 28.60%.

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.