Unigestion Holding SA Reduces Stock Holdings in KLA Co. (NASDAQ:KLAC)

Unigestion Holding SA decreased its holdings in KLA Co. (NASDAQ:KLACFree Report) by 29.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,079 shares of the semiconductor company’s stock after selling 448 shares during the quarter. Unigestion Holding SA’s holdings in KLA were worth $627,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KLAC. Vanguard Personalized Indexing Management LLC increased its holdings in shares of KLA by 13.1% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 9,480 shares of the semiconductor company’s stock valued at $5,511,000 after acquiring an additional 1,096 shares in the last quarter. Intact Investment Management Inc. increased its holdings in KLA by 7.4% in the 4th quarter. Intact Investment Management Inc. now owns 1,450 shares of the semiconductor company’s stock worth $843,000 after buying an additional 100 shares in the last quarter. Baader Bank Aktiengesellschaft bought a new stake in KLA in the 4th quarter worth about $4,559,000. State of Michigan Retirement System increased its holdings in KLA by 5.9% in the 4th quarter. State of Michigan Retirement System now owns 39,668 shares of the semiconductor company’s stock worth $23,059,000 after buying an additional 2,200 shares in the last quarter. Finally, Meritage Portfolio Management increased its holdings in KLA by 6.8% in the 4th quarter. Meritage Portfolio Management now owns 26,626 shares of the semiconductor company’s stock worth $15,478,000 after buying an additional 1,692 shares in the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on KLAC shares. Raymond James lifted their price objective on KLA from $750.00 to $875.00 and gave the stock an “outperform” rating in a report on Friday. Citigroup lifted their price objective on KLA from $725.00 to $760.00 and gave the company a “buy” rating in a research report on Monday, April 29th. UBS Group boosted their price target on KLA from $605.00 to $760.00 and gave the stock a “neutral” rating in a report on Tuesday, March 5th. Bank of America boosted their price target on KLA from $740.00 to $850.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Finally, Cantor Fitzgerald lifted their price objective on KLA from $625.00 to $800.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Nine research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $740.15.

View Our Latest Stock Analysis on KLAC

Insider Activity at KLA

In related news, EVP Oreste Donzella sold 3,257 shares of the company’s stock in a transaction dated 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 directly owns 16,922 shares of the company’s stock, valued at approximately $11,809,017.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other KLA 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 transaction of $4,947,970.72. Following the transaction, the chief financial officer now 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 accessible through the SEC website. Also, EVP Oreste Donzella sold 3,257 shares of the firm’s stock in a transaction that occurred on 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 completion of 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. Insiders have sold 33,136 shares of company stock valued at $24,016,781 in the last ninety days. Corporate insiders own 0.12% of the company’s stock.

KLA Price Performance

Shares of KLAC stock opened at $794.38 on Tuesday. KLA Co. has a twelve month low of $440.15 and a twelve month high of $795.97. The stock has a market capitalization of $106.96 billion, a price-to-earnings ratio of 41.61, a P/E/G ratio of 3.68 and a beta of 1.28. The stock has a fifty day simple moving average of $718.10 and a two-hundred day simple moving average of $654.53. 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:KLACGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The semiconductor company reported $5.26 earnings per share for the quarter, topping analysts’ consensus estimates of $4.94 by $0.32. The firm had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.31 billion. KLA had a return on equity of 102.37% and a net margin of 27.19%. The firm’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $5.49 EPS. On average, analysts predict that KLA Co. will post 23.3 EPS for the current fiscal year.

KLA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Wednesday, May 15th were given a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a yield of 0.73%. The ex-dividend date was Tuesday, May 14th. KLA’s dividend payout ratio is currently 30.38%.

KLA Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for KLA (NASDAQ:KLAC)

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