Parkside Financial Bank & Trust Has $438,000 Stock Holdings in KLA Co. (NASDAQ:KLAC)

Parkside Financial Bank & Trust lifted its stake in KLA Co. (NASDAQ:KLAC) by 5.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 754 shares of the semiconductor company’s stock after purchasing an additional 42 shares during the period. Parkside Financial Bank & Trust’s holdings in KLA were worth $438,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in KLAC. State of Michigan Retirement System raised its holdings in KLA by 5.9% in the fourth quarter. State of Michigan Retirement System now owns 39,668 shares of the semiconductor company’s stock worth $23,059,000 after purchasing an additional 2,200 shares during the period. Chico Wealth RIA increased its position in shares of KLA by 287.0% in the 4th quarter. Chico Wealth RIA now owns 3,870 shares of the semiconductor company’s stock valued at $2,250,000 after buying an additional 2,870 shares in the last quarter. Crestwood Advisors Group LLC raised its stake in KLA by 48.7% during the 4th quarter. Crestwood Advisors Group LLC now owns 43,484 shares of the semiconductor company’s stock worth $25,277,000 after buying an additional 14,251 shares during the period. Ninety One SA PTY Ltd lifted its holdings in KLA by 20.2% during the fourth quarter. Ninety One SA PTY Ltd now owns 15,620 shares of the semiconductor company’s stock worth $9,080,000 after acquiring an additional 2,620 shares in the last quarter. Finally, Signaturefd LLC grew its stake in KLA by 10.9% in the fourth quarter. Signaturefd LLC now owns 1,715 shares of the semiconductor company’s stock valued at $997,000 after acquiring an additional 168 shares during the period. 86.65% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at KLA

In other news, EVP Oreste Donzella sold 3,257 shares of the stock in a transaction dated 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other KLA news, CFO Bren D. Higgins sold 7,018 shares of the company’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 transaction, the chief financial officer now directly owns 32,375 shares of the company’s stock, valued at approximately $22,825,670. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Oreste Donzella sold 3,257 shares of the 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 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 currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft started coverage on KLA in a report on Thursday, April 11th. They set a “buy” rating and a $800.00 price objective on the stock. Citigroup increased their price objective on shares of KLA from $700.00 to $725.00 and gave the stock a “buy” rating in a research report on Tuesday. TD Cowen raised their price objective on shares of KLA from $525.00 to $650.00 and gave the stock a “market perform” rating in a report on Friday, January 26th. UBS Group upped their target price on shares of KLA from $605.00 to $760.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 5th. Finally, Raymond James lifted their price target on KLA from $550.00 to $625.00 and gave the company an “outperform” rating in a research note on Friday, January 19th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $696.58.

KLA Stock Up 2.6 %

Shares of NASDAQ KLAC traded up $16.58 during trading hours on Tuesday, hitting $650.22. The company had a trading volume of 362,503 shares, compared to its average volume of 954,539. The stock has a market capitalization of $87.93 billion, a P/E ratio of 33.13, a price-to-earnings-growth ratio of 3.13 and a beta of 1.34. KLA Co. has a 1-year low of $355.88 and a 1-year high of $729.15. The firm’s 50 day moving average is $683.91 and its 200-day moving average is $595.92. 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 (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, January 25th. The semiconductor company reported $6.16 EPS for the quarter, beating analysts’ consensus estimates of $5.91 by $0.25. The company had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.46 billion. KLA had a net margin of 27.98% and a return on equity of 107.56%. The company’s quarterly revenue was down 16.7% on a year-over-year basis. During the same quarter last year, the firm posted $7.38 EPS. On average, analysts expect that KLA Co. will post 22.61 earnings per share for the current fiscal year.

KLA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 19th were given 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 0.89%. KLA’s payout ratio is 29.46%.

KLA 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.