KLA Co. (NASDAQ:KLAC) Shares Purchased by Choreo LLC

Choreo LLC raised its stake in shares of KLA Co. (NASDAQ:KLAC) by 570.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,925 shares of the semiconductor company’s stock after buying an additional 3,340 shares during the quarter. Choreo LLC’s holdings in KLA were worth $2,282,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of KLAC. Fortitude Family Office LLC acquired a new stake in shares of KLA during the fourth quarter worth $25,000. OFI Invest Asset Management acquired a new stake in shares of KLA during the third quarter worth $26,000. Operose Advisors LLC acquired a new stake in shares of KLA during the third quarter worth $26,000. Addison Advisors LLC acquired a new stake in shares of KLA during the fourth quarter worth $29,000. Finally, Carmel Capital Partners LLC boosted its holdings in shares of KLA by 163.9% during the third quarter. Carmel Capital Partners LLC now owns 95 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 59 shares during the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Berenberg Bank increased their target price on KLA from $670.00 to $690.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. TD Cowen increased their target price on KLA from $650.00 to $700.00 and gave the stock a “hold” rating in a research report on Friday. Raymond James reaffirmed an “outperform” rating and issued a $750.00 target price (up from $625.00) on shares of KLA in a research report on Friday. Stifel Nicolaus increased their target price on KLA from $685.00 to $760.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Finally, Evercore ISI assumed coverage on KLA in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $800.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, KLA currently has an average rating of “Moderate Buy” and an average price target of $722.26.

KLA Stock Up 1.1 %

NASDAQ:KLAC opened at $713.93 on Tuesday. The firm has a market capitalization of $96.54 billion, a PE ratio of 37.40, a price-to-earnings-growth ratio of 3.52 and a beta of 1.34. The stock has a 50 day moving average of $686.46 and a 200-day moving average of $603.00. KLA Co. has a 52 week low of $369.66 and a 52 week high of $729.15. The company has a current ratio of 2.14, a quick ratio of 1.46 and a debt-to-equity ratio of 1.90.

KLA (NASDAQ:KLAC) last posted its earnings results on Thursday, April 25th. The semiconductor company reported $5.26 EPS for the quarter, beating the consensus estimate of $4.94 by $0.32. The company had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.31 billion. KLA had a return on equity of 102.37% and a net margin of 27.19%. The business’s revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the company earned $5.49 earnings per share. Analysts predict that KLA Co. will post 22.61 EPS for the current year.

KLA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 19th were issued a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend was Thursday, February 15th. KLA’s dividend payout ratio (DPR) is 30.38%.

Insider Buying and Selling

In related news, CFO Bren D. Higgins sold 7,018 shares of the 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 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 filing with the Securities & Exchange Commission, which is accessible through this link. In other KLA news, EVP Oreste Donzella sold 3,257 shares of the company’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 value of $2,272,897.45. Following the completion of the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Bren D. Higgins sold 7,018 shares of the company’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 owns 32,375 shares of the company’s stock, valued at $22,825,670. The disclosure for this sale can be found here. Corporate insiders own 0.12% of the company’s stock.

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.