Signaturefd LLC Raises Stake in KLA Co. (NASDAQ:KLAC)

Signaturefd LLC increased its holdings in shares of KLA Co. (NASDAQ:KLAC) by 10.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,715 shares of the semiconductor company’s stock after acquiring an additional 168 shares during the period. Signaturefd LLC’s holdings in KLA were worth $997,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Lindbrook Capital LLC boosted its stake in KLA by 9.3% in the 4th quarter. Lindbrook Capital LLC now owns 2,453 shares of the semiconductor company’s stock worth $1,426,000 after purchasing an additional 209 shares in the last quarter. abrdn plc raised its holdings in KLA by 60.7% in the fourth quarter. abrdn plc now owns 59,890 shares of the semiconductor company’s stock worth $34,814,000 after buying an additional 22,619 shares during the last quarter. Greenleaf Trust lifted its stake in shares of KLA by 2.1% in the fourth quarter. Greenleaf Trust now owns 3,700 shares of the semiconductor company’s stock worth $2,151,000 after buying an additional 75 shares in the last quarter. Zhang Financial LLC grew its holdings in shares of KLA by 26.9% during the fourth quarter. Zhang Financial LLC now owns 3,022 shares of the semiconductor company’s stock valued at $1,757,000 after buying an additional 640 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC increased its position in shares of KLA by 0.7% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 7,299 shares of the semiconductor company’s stock valued at $4,243,000 after acquiring an additional 52 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, CFO Bren D. Higgins sold 7,018 shares of the company’s stock in a transaction on 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 sale, the chief financial officer now owns 32,375 shares of the company’s stock, valued at $22,825,670. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other 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 transaction of $2,272,897.45. Following the transaction, the executive vice president now owns 16,922 shares of the company’s stock, valued at approximately $11,809,017.70. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Bren D. Higgins sold 7,018 shares of the firm’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 insiders.

Wall Street Analysts Forecast Growth

KLAC has been the topic of several recent analyst reports. Stifel Nicolaus increased their target price on KLA from $685.00 to $760.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Wells Fargo & Company increased their price objective on KLA from $760.00 to $805.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Cantor Fitzgerald boosted their target price on KLA from $625.00 to $800.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Barclays raised their price target on shares of KLA from $500.00 to $550.00 and gave the company an “underweight” rating in a report on Friday, January 26th. Finally, Berenberg Bank increased their price objective on shares of KLA from $670.00 to $690.00 and gave the company a “buy” rating in a research report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $688.42.

KLA Stock Up 0.9 %

Shares of KLAC opened at $633.64 on Tuesday. KLA Co. has a 12-month low of $355.88 and a 12-month high of $729.15. The company has a current ratio of 1.91, a quick ratio of 1.25 and a debt-to-equity ratio of 1.69. The company has a market capitalization of $85.69 billion, a PE ratio of 32.18, a price-to-earnings-growth ratio of 3.13 and a beta of 1.34. The business’s 50 day moving average is $683.91 and its 200 day moving average is $595.92.

KLA (NASDAQ:KLAC) last announced its quarterly earnings results on Thursday, January 25th. The semiconductor company reported $6.16 EPS for the quarter, topping the consensus estimate of $5.91 by $0.25. KLA had a net margin of 27.98% and a return on equity of 107.56%. The business had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter in the previous year, the company earned $7.38 EPS. The business’s quarterly revenue was down 16.7% compared to the same quarter last year. Research analysts expect that KLA Co. will post 22.61 earnings per share for the current fiscal year.

KLA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders 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 dividend yield of 0.92%. KLA’s dividend payout ratio is currently 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.