KLA Co. (NASDAQ:KLAC) Shares Acquired by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd boosted its holdings in shares of KLA Co. (NASDAQ:KLAC) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,134 shares of the semiconductor company’s stock after purchasing an additional 119 shares during the period. Harvest Fund Management Co. Ltd’s holdings in KLA were worth $2,356,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KLAC. Fortitude Family Office LLC purchased a new stake in shares of KLA in the 4th quarter valued at approximately $25,000. OFI Invest Asset Management acquired a new position in KLA in the 3rd quarter worth approximately $26,000. Operose Advisors LLC acquired a new position in KLA in the 3rd quarter worth approximately $26,000. Carmel Capital Partners LLC boosted its stake in KLA by 163.9% in the 3rd 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 period. Finally, AdvisorNet Financial Inc boosted its stake in KLA by 29.3% in the 4th quarter. AdvisorNet Financial Inc now owns 75 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 17 shares during the period. 86.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at KLA

In other KLA news, CFO Bren D. Higgins sold 7,018 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 32,375 shares in the company, valued at $22,825,670. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CFO Bren D. Higgins sold 7,018 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 32,375 shares in the company, valued at $22,825,670. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $2,272,897.45. Following the transaction, the executive vice president now owns 16,922 shares in the company, valued at $11,809,017.70. The disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on KLAC shares. Evercore ISI initiated coverage on shares of KLA in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $800.00 price objective for the company. Wells Fargo & Company lifted their target price on shares of KLA from $760.00 to $805.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. The Goldman Sachs Group raised their price target on shares of KLA from $560.00 to $640.00 and gave the company a “buy” rating in a report on Friday, January 26th. JPMorgan Chase & Co. raised their price target on shares of KLA from $565.00 to $725.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Finally, 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. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $696.58.

KLA Price Performance

Shares of KLA stock traded up $14.57 during trading on Tuesday, hitting $648.21. 707,598 shares of the company’s stock traded hands, compared to its average volume of 959,227. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.91 and a quick ratio of 1.25. The firm’s fifty day moving average price is $684.05 and its 200 day moving average price is $597.19. KLA Co. has a twelve month low of $355.88 and a twelve month high of $729.15. The company has a market cap of $87.66 billion, a PE ratio of 32.92, a PEG ratio of 3.13 and a beta of 1.34.

KLA (NASDAQ:KLAC) last issued its earnings results on Thursday, January 25th. The semiconductor company reported $6.16 earnings per share for the quarter, beating the consensus estimate of $5.91 by $0.25. The business had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.46 billion. KLA had a net margin of 27.98% and a return on equity of 107.56%. The firm’s revenue was down 16.7% on a year-over-year basis. During the same period in the previous year, the business earned $7.38 EPS. Analysts forecast that KLA Co. will post 22.61 earnings per share for the current year.

KLA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders 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 yield of 0.89%. KLA’s dividend payout ratio (DPR) is presently 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.