416 Shares in KLA Co. (NASDAQ:KLAC) Purchased by HTLF Bank

HTLF Bank purchased a new position in KLA Co. (NASDAQ:KLACFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 416 shares of the semiconductor company’s stock, valued at approximately $242,000.

A number of other large investors also recently bought and sold shares of KLAC. Blair William & Co. IL raised its holdings in KLA by 1.9% in the 1st quarter. Blair William & Co. IL now owns 22,566 shares of the semiconductor company’s stock worth $8,261,000 after purchasing an additional 413 shares during the period. Sei Investments Co. raised its holdings in KLA by 34.9% in the 1st quarter. Sei Investments Co. now owns 80,289 shares of the semiconductor company’s stock worth $29,382,000 after purchasing an additional 20,773 shares during the period. Prudential PLC raised its holdings in KLA by 183.1% in the 1st quarter. Prudential PLC now owns 4,374 shares of the semiconductor company’s stock worth $1,601,000 after purchasing an additional 2,829 shares during the period. Sequoia Financial Advisors LLC raised its holdings in shares of KLA by 32.9% during the first quarter. Sequoia Financial Advisors LLC now owns 924 shares of the semiconductor company’s stock valued at $338,000 after acquiring an additional 229 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. raised its holdings in shares of KLA by 4.4% during the first quarter. Candriam Luxembourg S.C.A. now owns 50,684 shares of the semiconductor company’s stock valued at $18,553,000 after acquiring an additional 2,151 shares during the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on KLAC shares. Bank of America increased their target price on KLA from $740.00 to $850.00 and gave the company a “buy” rating in a report on Thursday, March 14th. TD Cowen increased their target price on KLA from $525.00 to $650.00 and gave the company a “market perform” rating in a report on Friday, January 26th. Deutsche Bank Aktiengesellschaft started coverage on KLA in a report on Thursday, April 11th. They set a “buy” rating and a $800.00 target price for the company. Cantor Fitzgerald increased their target price on KLA from $625.00 to $800.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Finally, The Goldman Sachs Group increased their target price on KLA from $560.00 to $640.00 and gave the company a “buy” rating in a report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $688.42.

View Our Latest Research Report on KLA

Insider Activity

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 directly owns 16,922 shares of the company’s stock, valued at $11,809,017.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related 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 transaction, the executive vice president now directly owns 16,922 shares in the company, valued at $11,809,017.70. The transaction was disclosed in a document filed with the SEC, which is available at 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 transaction, 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. Insiders own 0.12% of the company’s stock.

KLA Price Performance

KLAC stock opened at $628.16 on Friday. The business has a fifty day moving average of $684.19 and a two-hundred day moving average of $593.77. The company has a quick ratio of 1.25, a current ratio of 1.91 and a debt-to-equity ratio of 1.69. The stock has a market cap of $84.95 billion, a price-to-earnings ratio of 31.90, a price-to-earnings-growth ratio of 3.13 and a beta of 1.34. KLA Co. has a 52-week low of $355.88 and a 52-week high of $729.15.

KLA (NASDAQ:KLACGet Free Report) last issued its quarterly earnings data on Thursday, January 25th. The semiconductor company reported $6.16 earnings per share for the quarter, beating 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 business had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same period in the previous year, the firm posted $7.38 earnings per share. The company’s revenue was down 16.7% on a year-over-year basis. As a group, research analysts anticipate that KLA Co. will post 22.61 earnings per share for the current year.

KLA Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 0.92%. KLA’s payout ratio is presently 29.46%.

KLA Company 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.

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Institutional Ownership by Quarter for KLA (NASDAQ:KLAC)

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