Stenger Family Office LLC Acquires New Stake in KLA Co. (NASDAQ:KLAC)

Stenger Family Office LLC purchased a new stake in KLA Co. (NASDAQ:KLAC) during the 4th quarter, HoldingsChannel reports. The fund purchased 1,098 shares of the semiconductor company’s stock, valued at approximately $692,000.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in KLA by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 13,484,468 shares of the semiconductor company’s stock worth $8,496,833,000 after buying an additional 85,370 shares in the last quarter. Geode Capital Management LLC increased its stake in KLA by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 3,253,302 shares of the semiconductor company’s stock valued at $2,046,472,000 after acquiring an additional 31,608 shares during the last quarter. Norges Bank purchased a new stake in KLA during the fourth quarter valued at about $1,175,756,000. Pictet Asset Management Holding SA boosted its holdings in shares of KLA by 25.2% in 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 in the last quarter. Finally, Invesco Ltd. increased its position in shares of KLA by 1.7% during the 4th quarter. Invesco Ltd. now owns 1,404,395 shares of the semiconductor company’s stock valued at $884,937,000 after purchasing an additional 23,365 shares during the last quarter. Institutional investors own 86.65% of the company’s stock.

KLA Stock Performance

Shares of KLAC stock opened at $676.21 on Wednesday. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. The company’s fifty day moving average price is $702.07 and its 200-day moving average price is $693.06. The stock has a market cap of $89.86 billion, a PE ratio of 28.44, a price-to-earnings-growth ratio of 1.57 and a beta of 1.37. KLA Co. has a 12 month low of $551.33 and a 12 month high of $896.32.

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

KLA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Monday, February 24th were issued a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Monday, February 24th. KLA’s dividend payout ratio (DPR) is 28.60%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on KLAC shares. Wells Fargo & Company boosted 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. Oppenheimer reduced their price objective on KLA from $850.00 to $700.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. Stifel Nicolaus lowered their target price on KLA from $825.00 to $750.00 and set a “buy” rating for the company in a research note on Tuesday. The Goldman Sachs Group raised their price target on KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $725.00 price objective (down previously from $875.00) on shares of KLA in a research report on Friday, March 28th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $814.11.

Insiders Place Their Bets

In related news, CFO Bren D. Higgins sold 7,008 shares of the company’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $724.62, for a total value of $5,078,136.96. Following the transaction, the chief financial officer now owns 28,798 shares in the company, valued at $20,867,606.76. The trade was a 19.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.12% of the company’s stock.

About KLA

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.