Los Angeles Capital Management LLC Has $106.21 Million Stake in KLA Co. (NASDAQ:KLAC)

Los Angeles Capital Management LLC cut its position in KLA Co. (NASDAQ:KLAC) by 44.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 182,708 shares of the semiconductor company’s stock after selling 147,785 shares during the quarter. Los Angeles Capital Management LLC owned 0.14% of KLA worth $106,208,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Wellington Management Group LLP lifted its stake in KLA by 6.4% during the third 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 during the last quarter. Northern Trust Corp lifted its position in shares of KLA by 3.5% during the 3rd 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 during the last quarter. Invesco Ltd. boosted its stake in KLA by 12.7% in the third quarter. Invesco Ltd. now owns 1,365,784 shares of the semiconductor company’s stock valued at $626,431,000 after buying an additional 153,752 shares in the last quarter. Morgan Stanley grew its position in KLA by 10.2% in the third quarter. Morgan Stanley now owns 1,267,811 shares of the semiconductor company’s stock valued at $581,496,000 after acquiring an additional 117,584 shares during the last quarter. Finally, Alkeon Capital Management LLC raised 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 worth $530,630,000 after acquiring an additional 400,000 shares in the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

Insider Activity at KLA

In other KLA news, CFO Bren D. Higgins sold 7,018 shares of the firm’s stock in a transaction on 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 sale, the chief financial officer now directly owns 32,375 shares in the company, valued at $22,825,670. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Bren D. Higgins sold 7,018 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were 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 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 available through the SEC website. Also, EVP Oreste Donzella sold 3,257 shares of the company’s stock in a transaction dated 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 owns 16,922 shares in the company, valued at approximately $11,809,017.70. The disclosure for this sale can be found here. 0.12% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

KLAC has been the topic of several research reports. Evercore ISI assumed coverage on shares of KLA in a report on Tuesday, April 16th. They set an “outperform” rating and a $800.00 price target on the stock. The Goldman Sachs Group boosted their price objective on KLA from $560.00 to $640.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Stifel Nicolaus lifted their price target on KLA from $685.00 to $760.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Berenberg Bank boosted their price target on KLA from $670.00 to $690.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Finally, UBS Group raised their price objective on shares of KLA from $605.00 to $760.00 and gave the company a “neutral” rating in a report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, KLA has an average rating of “Moderate Buy” and a consensus price target of $722.26.

KLA Trading Up 1.7 %

KLAC traded up $11.30 during trading on Thursday, reaching $677.34. 266,157 shares of the stock traded hands, compared to its average volume of 956,682. The company has a quick ratio of 1.46, a current ratio of 2.14 and a debt-to-equity ratio of 1.90. The stock’s 50-day moving average is $687.50 and its 200 day moving average is $604.86. KLA Co. has a 12 month low of $369.66 and a 12 month high of $729.15. The stock has a market capitalization of $91.20 billion, a PE ratio of 34.89, a P/E/G ratio of 2.94 and a beta of 1.33.

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

KLA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 19th were paid a $1.45 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $5.80 annualized dividend and a dividend yield of 0.86%. KLA’s dividend payout ratio is currently 30.38%.

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.