KLA Co. (NASDAQ:KLAC) Shares Purchased by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of KLA Co. (NASDAQ:KLAC) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,183 shares of the semiconductor company’s stock after acquiring an additional 122 shares during the period. KLA comprises 1.0% of Livforsakringsbolaget Skandia Omsesidigt’s investment portfolio, making the stock its 18th biggest position. Livforsakringsbolaget Skandia Omsesidigt’s holdings in KLA were worth $9,988,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Fortitude Family Office LLC acquired a new position in KLA during the 4th quarter worth about $25,000. Resurgent Financial Advisors LLC acquired a new position in KLA during the 4th quarter worth about $25,000. OFI Invest Asset Management acquired a new position in KLA during the 3rd quarter worth about $26,000. Operose Advisors LLC acquired a new position in KLA during the 3rd quarter worth about $26,000. Finally, Bartlett & CO. Wealth Management LLC acquired a new position in KLA during the 4th quarter worth about $29,000. Institutional investors and hedge funds own 86.65% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Bren D. Higgins sold 7,018 shares of the firm’s stock in a transaction that occurred 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 directly owns 32,375 shares of the company’s stock, valued at approximately $22,825,670. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Oreste Donzella sold 3,257 shares of KLA 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 completion of the sale, the executive vice president now owns 16,922 shares of the company’s stock, valued at $11,809,017.70. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Bren D. Higgins sold 7,018 shares of KLA 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 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.

Analysts Set New Price Targets

KLAC has been the topic of several recent research reports. The Goldman Sachs Group upped their price target on KLA from $560.00 to $640.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Deutsche Bank Aktiengesellschaft initiated coverage on KLA in a report on Thursday, April 11th. They set a “buy” rating and a $800.00 price target on the stock. Raymond James upped their price target on KLA from $550.00 to $625.00 and gave the stock an “outperform” rating in a report on Friday, January 19th. Bank of America upped their price target on KLA from $740.00 to $850.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Finally, Evercore ISI initiated coverage on KLA in a report on Tuesday. They issued an “outperform” rating and a $800.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, KLA presently has an average rating of “Moderate Buy” and a consensus target price of $688.42.

KLA Stock Performance

KLA stock traded down $34.33 during mid-day trading on Wednesday, reaching $658.98. 1,193,125 shares of the company were exchanged, compared to its average volume of 962,308. KLA Co. has a twelve month low of $355.88 and a twelve month high of $729.15. The firm’s 50-day simple moving average is $683.11 and its two-hundred day simple moving average is $590.78. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.25 and a current ratio of 1.91. The firm has a market cap of $89.11 billion, a PE ratio of 35.21, a price-to-earnings-growth ratio of 3.31 and a beta of 1.34.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data on Thursday, January 25th. The semiconductor company reported $6.16 earnings per share for the quarter, topping analysts’ consensus estimates of $5.91 by $0.25. KLA had a return on equity of 107.56% and a net margin of 27.98%. The company had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same period last year, the firm earned $7.38 EPS. The firm’s revenue for the quarter was down 16.7% on a year-over-year basis. Equities analysts predict that KLA Co. will post 22.65 earnings per share for the current fiscal year.

KLA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 19th were given a dividend of $1.45 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $5.80 dividend on an annualized basis and a yield of 0.88%. KLA’s payout ratio is 29.46%.

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.