Evexia Wealth LLC Has $11.87 Million Stock Holdings in KLA Co. (NASDAQ:KLAC)

Evexia Wealth LLC decreased its position in shares of KLA Co. (NASDAQ:KLAC) by 1.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 19,638 shares of the semiconductor company’s stock after selling 236 shares during the quarter. KLA accounts for 5.0% of Evexia Wealth LLC’s investment portfolio, making the stock its 2nd largest holding. Evexia Wealth LLC’s holdings in KLA were worth $11,867,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Wellington Management Group LLP lifted its holdings in KLA by 6.4% in the 3rd quarter. Wellington Management Group LLP now owns 3,159,498 shares of the semiconductor company’s stock worth $1,449,135,000 after purchasing an additional 190,355 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of KLA by 3.5% in the third quarter. Northern Trust Corp now owns 1,598,677 shares of the semiconductor company’s stock worth $733,249,000 after buying an additional 54,472 shares in the last quarter. Invesco Ltd. boosted its position in shares of KLA by 12.7% during the third quarter. Invesco Ltd. now owns 1,365,784 shares of the semiconductor company’s stock worth $626,431,000 after acquiring an additional 153,752 shares during the last quarter. Morgan Stanley boosted its position in shares of KLA by 10.2% during the third quarter. Morgan Stanley now owns 1,267,811 shares of the semiconductor company’s stock worth $581,496,000 after acquiring an additional 117,584 shares during the last quarter. Finally, Alkeon Capital Management LLC grew its stake in KLA by 52.8% during 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 acquiring an additional 400,000 shares in the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Insider Activity 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 stock was sold at an average price of $697.85, for a total value of $2,272,897.45. Following the completion of the sale, the executive vice president now owns 16,922 shares in the company, valued at $11,809,017.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other KLA news, 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 transaction of $2,272,897.45. Following the transaction, the executive vice president now directly owns 16,922 shares in the company, valued at approximately $11,809,017.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Bren D. Higgins sold 7,018 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $705.04, for a total value of $4,947,970.72. Following the completion of the sale, the chief financial officer now owns 32,375 shares of the company’s stock, valued at $22,825,670. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Cantor Fitzgerald increased their price objective on shares of KLA from $625.00 to $800.00 and gave the company a “neutral” rating in a report on Monday, April 8th. StockNews.com upgraded KLA from a “hold” rating to a “buy” rating in a report on Monday, April 29th. TD Cowen upped their price objective on KLA from $650.00 to $700.00 and gave the stock a “hold” rating in a report on Friday, April 26th. Morgan Stanley raised their target price on shares of KLA from $692.00 to $698.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Finally, Berenberg Bank upped their price target on shares of KLA from $670.00 to $690.00 and gave the company a “buy” rating in a research note on Friday, January 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $722.26.

KLA Trading Down 0.6 %

NASDAQ KLAC traded down $4.00 during trading on Tuesday, hitting $714.38. The stock had a trading volume of 782,703 shares, compared to its average volume of 955,340. The stock has a market capitalization of $96.18 billion, a price-to-earnings ratio of 37.42, a P/E/G ratio of 2.97 and a beta of 1.33. The stock has a 50 day simple moving average of $689.45 and a 200 day simple moving average of $612.12. KLA Co. has a one year low of $374.49 and a one year high of $729.15. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.46 and a current ratio of 2.14.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, April 25th. The semiconductor company reported $5.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.94 by $0.32. KLA had a return on equity of 102.37% and a net margin of 27.19%. The firm had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same period last year, the company earned $5.49 EPS. KLA’s quarterly revenue was down 3.0% compared to the same quarter last year. Sell-side analysts predict that KLA Co. will post 23.24 earnings per share for the current year.

KLA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be paid a $1.45 dividend. This represents a $5.80 annualized dividend and a yield of 0.81%. The ex-dividend date is Tuesday, May 14th. KLA’s dividend payout ratio is presently 30.38%.

About KLA

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.