Mackenzie Financial Corp Has $17.74 Million Stock Position in KLA Co. (NASDAQ:KLAC)

Mackenzie Financial Corp boosted its position in KLA Co. (NASDAQ:KLAC) by 3.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,522 shares of the semiconductor company’s stock after buying an additional 1,048 shares during the quarter. Mackenzie Financial Corp’s holdings in KLA were worth $17,742,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of KLAC. Norges Bank bought a new stake in KLA during the fourth quarter valued at about $572,224,000. Alkeon Capital Management LLC boosted its stake in KLA by 52.8% during the 3rd quarter. Alkeon Capital Management LLC now owns 1,156,913 shares of the semiconductor company’s stock valued at $530,630,000 after purchasing an additional 400,000 shares during the period. Goldman Sachs Group Inc. grew its holdings in KLA by 22.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,074,884 shares of the semiconductor company’s stock valued at $759,532,000 after buying an additional 385,420 shares during the last quarter. Geode Capital Management LLC increased its position in KLA by 10.4% in the 1st quarter. Geode Capital Management LLC now owns 2,844,959 shares of the semiconductor company’s stock worth $1,133,396,000 after buying an additional 268,104 shares during the period. Finally, AustralianSuper Pty Ltd lifted its holdings in shares of KLA by 6,309.1% during the fourth quarter. AustralianSuper Pty Ltd now owns 250,147 shares of the semiconductor company’s stock worth $145,410,000 after buying an additional 246,244 shares during the last quarter. Institutional investors own 86.65% of the company’s stock.

KLA Price Performance

Shares of KLAC stock opened at $644.22 on Friday. KLA Co. has a 52 week low of $355.88 and a 52 week high of $729.15. The stock has a market capitalization of $87.12 billion, a PE ratio of 32.72, a PEG ratio of 3.39 and a beta of 1.34. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.25 and a current ratio of 1.91. The stock’s fifty day moving average is $684.63 and its 200-day moving average is $591.62.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data on Thursday, January 25th. The semiconductor company reported $6.16 EPS for the quarter, topping analysts’ consensus estimates of $5.91 by $0.25. KLA had a net margin of 27.98% and a return on equity of 107.56%. The firm had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the prior year, the firm earned $7.38 EPS. The company’s revenue was down 16.7% on a year-over-year basis. Equities research analysts expect that KLA Co. will post 22.61 EPS for the current fiscal year.

KLA Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 19th were given a $1.45 dividend. This represents a $5.80 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend was Thursday, February 15th. KLA’s dividend payout ratio (DPR) is presently 29.46%.

Insiders Place Their Bets

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 approximately $11,809,017.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Oreste Donzella sold 3,257 shares of the firm’s stock in a transaction dated 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 $11,809,017.70. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Bren D. Higgins sold 7,018 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 32,375 shares of the company’s stock, valued at $22,825,670. The disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. UBS Group boosted their target price on shares of KLA from $605.00 to $760.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 5th. Wells Fargo & Company boosted their price objective on shares of KLA from $760.00 to $805.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. TD Cowen increased their target price on shares of KLA from $525.00 to $650.00 and gave the company a “market perform” rating in a research note on Friday, January 26th. Cantor Fitzgerald boosted their price target on KLA from $625.00 to $800.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Finally, Bank of America raised their price objective on KLA from $740.00 to $850.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $688.42.

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.