KLA Co. (NASDAQ:KLAC) Shares Acquired by Mather Group LLC.

Mather Group LLC. boosted its holdings in KLA Co. (NASDAQ:KLAC) by 3.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,183 shares of the semiconductor company’s stock after acquiring an additional 74 shares during the period. Mather Group LLC.’s holdings in KLA were worth $1,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in KLAC. Fortitude Family Office LLC acquired a new position in KLA during the 4th quarter valued at approximately $25,000. Addison Advisors LLC bought a new stake in KLA in the fourth quarter valued at $29,000. Operose Advisors LLC acquired a new position in shares of KLA during the third quarter valued at $26,000. OFI Invest Asset Management bought a new position in shares of KLA during the third quarter worth about $26,000. Finally, AdvisorNet Financial Inc increased its holdings in shares of KLA by 29.3% in the 4th quarter. AdvisorNet Financial Inc now owns 75 shares of the semiconductor company’s stock worth $44,000 after acquiring an additional 17 shares during the period. Institutional investors own 86.65% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. TD Cowen upped their target price on shares of KLA from $650.00 to $700.00 and gave the stock a “hold” rating in a research report on Friday, April 26th. Barclays increased their price objective on KLA from $550.00 to $630.00 and gave the stock an “underweight” rating in a report on Friday, April 26th. Raymond James reaffirmed an “outperform” rating and set a $750.00 target price (up previously from $625.00) on shares of KLA in a research note on Friday, April 26th. Evercore ISI started coverage on KLA in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $800.00 price target for the company. Finally, Bank of America lifted their price objective on shares of KLA from $740.00 to $850.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $722.26.

KLA Price Performance

NASDAQ KLAC opened at $689.29 on Wednesday. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.46 and a current ratio of 2.14. The stock has a market capitalization of $92.81 billion, a P/E ratio of 36.11, a P/E/G ratio of 3.09 and a beta of 1.34. The business’s fifty day moving average is $687.21 and its two-hundred day moving average is $604.43. KLA Co. has a 1 year low of $369.66 and a 1 year high of $729.15.

KLA (NASDAQ:KLAC) last released its earnings results on Thursday, April 25th. The semiconductor company reported $5.26 earnings per share for the quarter, topping the consensus estimate of $4.94 by $0.32. KLA had a net margin of 27.19% and a return on equity of 102.37%. The business had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same period last year, the firm posted $5.49 earnings per share. The firm’s quarterly revenue was down 3.0% compared to the same quarter last year. On average, research analysts forecast that KLA Co. will post 22.95 earnings per share for the current fiscal year.

KLA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 19th were issued a $1.45 dividend. The ex-dividend date was Thursday, February 15th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 0.84%. KLA’s dividend payout ratio is 30.38%.

Insider Transactions at KLA

In related news, EVP Oreste Donzella sold 3,257 shares of the business’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 transaction of $2,272,897.45. Following the transaction, the executive vice president now directly owns 16,922 shares of the company’s stock, valued at $11,809,017.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Oreste Donzella sold 3,257 shares of KLA stock in a transaction on Monday, March 25th. The stock was sold at an average price of $697.85, for a total transaction of $2,272,897.45. Following the completion of the sale, the executive vice president now owns 16,922 shares of the company’s stock, valued at $11,809,017.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Bren D. Higgins sold 7,018 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $705.04, for a total value of $4,947,970.72. Following the completion of 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 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.