KLA Co. (NASDAQ:KLAC) Shares Sold by Shufro Rose & Co. LLC

Shufro Rose & Co. LLC trimmed its holdings in shares of KLA Co. (NASDAQ:KLAC) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,514 shares of the semiconductor company’s stock after selling 95 shares during the quarter. Shufro Rose & Co. LLC’s holdings in KLA were worth $3,205,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Alkeon Capital Management LLC boosted its stake in KLA by 52.8% in 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 during the period. AustralianSuper Pty Ltd boosted its position in shares of KLA by 6,309.1% during the fourth quarter. AustralianSuper Pty Ltd now owns 250,147 shares of the semiconductor company’s stock worth $145,410,000 after buying an additional 246,244 shares during the period. International Assets Investment Management LLC acquired a new position in shares of KLA during the fourth quarter worth approximately $132,189,000. Wellington Management Group LLP lifted its position in KLA by 6.4% in 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 period. Finally, Invesco Ltd. lifted its position in KLA by 12.7% in the third quarter. Invesco Ltd. now owns 1,365,784 shares of the semiconductor company’s stock worth $626,431,000 after purchasing an additional 153,752 shares during the period. 86.65% of the stock is owned by hedge funds and other institutional investors.

KLA Trading Up 4.9 %

NASDAQ KLAC traded up $33.31 on Friday, hitting $706.26. The company’s stock had a trading volume of 1,193,523 shares, compared to its average volume of 821,545. The company has a quick ratio of 1.25, a current ratio of 1.91 and a debt-to-equity ratio of 1.69. KLA Co. has a 1-year low of $369.00 and a 1-year high of $729.15. The company’s 50-day moving average is $685.41 and its 200 day moving average is $600.67. The firm has a market cap of $95.51 billion, a PE ratio of 37.00, a PEG ratio of 3.52 and a beta of 1.34.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data on Thursday, April 25th. The semiconductor company reported $5.26 EPS for the quarter, beating analysts’ consensus estimates of $4.94 by $0.32. KLA had a net margin of 27.19% and a return on equity of 103.31%. The company had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same period in the prior year, the firm posted $5.49 EPS. The company’s quarterly revenue was down 3.0% on a year-over-year basis. As a group, analysts predict that KLA Co. will post 22.61 earnings per share for the current fiscal year.

KLA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 19th were paid a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Thursday, February 15th. KLA’s dividend payout ratio is presently 30.38%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on KLAC shares. Stifel Nicolaus boosted their target price on shares of KLA from $685.00 to $760.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. The Goldman Sachs Group raised their price objective on shares of KLA from $560.00 to $640.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Wells Fargo & Company lifted their price target on shares of KLA from $760.00 to $805.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft began coverage on shares of KLA in a research note on Thursday, April 11th. They issued a “buy” rating and a $800.00 price target on the stock. Finally, Susquehanna reissued a “neutral” rating and issued a $675.00 price objective on shares of KLA in a research report on Monday, April 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $720.42.

Insider Buying and Selling

In other KLA news, EVP Oreste Donzella sold 3,257 shares of the firm’s stock in a transaction on Monday, March 25th. The shares were 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 directly 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 Securities & Exchange Commission, which can be accessed through this link. In other KLA news, EVP Oreste Donzella sold 3,257 shares of the firm’s stock in a transaction on Monday, March 25th. The shares were 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 directly 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 Securities & Exchange Commission, which can be accessed through this link. Also, CFO Bren D. Higgins sold 7,018 shares of the 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 completion of the sale, the chief financial officer now owns 32,375 shares of the company’s stock, valued at approximately $22,825,670. The disclosure for this sale can be found here. 0.12% of the stock is owned by insiders.

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.