812 Shares in KLA Co. (NASDAQ:KLAC) Purchased by Colonial River Wealth Management LLC

Colonial River Wealth Management LLC acquired a new position in KLA Co. (NASDAQ:KLACFree Report) during the 4th quarter, Holdings Channel reports. The fund acquired 812 shares of the semiconductor company’s stock, valued at approximately $472,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fortitude Family Office LLC purchased a new position in KLA in the 4th quarter valued at about $25,000. Resurgent Financial Advisors LLC purchased a new position in KLA in the 4th quarter valued at about $25,000. OFI Invest Asset Management purchased a new position in KLA in the 3rd quarter valued at about $26,000. Operose Advisors LLC acquired a new position in shares of KLA during the 3rd quarter valued at about $26,000. Finally, Bartlett & CO. Wealth Management LLC acquired a new position in shares of KLA during the 4th quarter valued at about $29,000. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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

Analysts Set New Price Targets

A number of research firms have recently commented on KLAC. JPMorgan Chase & Co. upped their price objective on shares of KLA from $565.00 to $725.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. Bank of America upped 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. Raymond James upped their price objective on shares of KLA from $550.00 to $625.00 and gave the company an “outperform” rating in a research note on Friday, January 19th. 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 note on Friday, January 26th. Finally, Susquehanna reaffirmed a “neutral” rating and set a $675.00 price objective on shares of KLA in a research note on Monday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $643.42.

Read Our Latest Analysis on KLA

KLA Stock Down 2.4 %

NASDAQ:KLAC traded down $16.95 during trading hours on Tuesday, hitting $693.93. The stock had a trading volume of 950,578 shares, compared to its average volume of 984,975. The company has a current ratio of 1.91, a quick ratio of 1.25 and a debt-to-equity ratio of 1.69. KLA Co. has a 1-year low of $355.88 and a 1-year high of $729.15. The business has a 50 day simple moving average of $667.27 and a two-hundred day simple moving average of $574.20. The company has a market cap of $93.84 billion, a PE ratio of 35.24, a price-to-earnings-growth ratio of 3.39 and a beta of 1.34.

KLA (NASDAQ:KLACGet Free Report) last released its earnings results on Thursday, January 25th. The semiconductor company reported $6.16 EPS for the quarter, beating the consensus estimate of $5.91 by $0.25. The company had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.46 billion. KLA had a return on equity of 107.56% and a net margin of 27.98%. The business’s revenue was down 16.7% on a year-over-year basis. During the same period in the prior year, the business posted $7.38 EPS. Analysts predict that KLA Co. will post 22.74 EPS for the current 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 paid a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Thursday, February 15th. KLA’s dividend payout ratio (DPR) is currently 29.46%.

KLA Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding KLAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KLA Co. (NASDAQ:KLACFree Report).

Institutional Ownership by Quarter for KLA (NASDAQ:KLAC)

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