Strategic Financial Services Inc Has $3.83 Million Position in KLA Co. (NASDAQ:KLAC)

Strategic Financial Services Inc lowered its holdings in KLA Co. (NASDAQ:KLACFree Report) by 6.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,587 shares of the semiconductor company’s stock after selling 468 shares during the quarter. KLA comprises approximately 0.3% of Strategic Financial Services Inc’s investment portfolio, making the stock its 27th largest holding. Strategic Financial Services Inc’s holdings in KLA were worth $3,829,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of KLAC. Alkeon Capital Management LLC boosted its holdings 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 worth $530,630,000 after acquiring an additional 400,000 shares during the last quarter. AustralianSuper Pty Ltd boosted its holdings in KLA by 6,309.1% during the 4th quarter. AustralianSuper Pty Ltd now owns 250,147 shares of the semiconductor company’s stock worth $145,410,000 after acquiring an additional 246,244 shares during the last quarter. International Assets Investment Management LLC purchased a new position in KLA during the 4th quarter worth $132,189,000. Wellington Management Group LLP boosted its holdings in KLA by 6.4% during the 3rd quarter. Wellington Management Group LLP now owns 3,159,498 shares of the semiconductor company’s stock worth $1,449,135,000 after acquiring an additional 190,355 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in KLA by 12.7% during the 3rd quarter. Invesco Ltd. now owns 1,365,784 shares of the semiconductor company’s stock worth $626,431,000 after acquiring an additional 153,752 shares during the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.

KLA Price Performance

Shares of NASDAQ KLAC traded up $17.19 during midday trading on Tuesday, hitting $729.92. 834,440 shares of the company’s stock were exchanged, compared to its average volume of 943,521. KLA Co. has a 12-month low of $385.80 and a 12-month high of $731.73. The company has a current ratio of 2.14, a quick ratio of 1.46 and a debt-to-equity ratio of 1.90. The company has a market cap of $98.28 billion, a price-to-earnings ratio of 38.23, a PEG ratio of 3.07 and a beta of 1.33. The business’s fifty day moving average price is $690.84 and its two-hundred day moving average price is $619.27.

KLA (NASDAQ:KLACGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The semiconductor company reported $5.26 EPS for the quarter, topping the consensus estimate of $4.94 by $0.32. KLA had a return on equity of 102.37% and a net margin of 27.19%. The company had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.31 billion. During the same quarter in the previous year, the firm earned $5.49 earnings per share. KLA’s revenue was down 3.0% on a year-over-year basis. As a group, research analysts forecast that KLA Co. will post 23.24 EPS for the current fiscal year.

KLA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be paid a $1.45 dividend. This represents a $5.80 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Tuesday, May 14th. KLA’s dividend payout ratio is currently 30.38%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on KLAC shares. Evercore ISI initiated coverage on shares of KLA in a report on Tuesday, April 16th. They set an “outperform” rating and a $800.00 price objective on the stock. Bank of America boosted their price target on shares of KLA from $740.00 to $850.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Citigroup boosted their price target on shares of KLA from $725.00 to $760.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Wells Fargo & Company boosted their price target on shares of KLA from $760.00 to $805.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Finally, StockNews.com raised shares of KLA from a “hold” rating to a “buy” rating in a report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $727.15.

Get Our Latest Research Report on KLAC

Insiders Place Their Bets

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 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 SEC, which can be accessed through this link. In other 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 completion of the sale, the chief financial officer now owns 32,375 shares of the company’s stock, valued at $22,825,670. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Oreste Donzella sold 3,257 shares of the 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 sale, the executive vice president now directly owns 16,922 shares of the company’s stock, valued at approximately $11,809,017.70. The disclosure for this sale can be found here. Insiders sold a total of 24,284 shares of company stock valued at $17,260,138 over the last quarter. 0.12% of the stock is owned by corporate insiders.

KLA Company 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.

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Institutional Ownership by Quarter for KLA (NASDAQ:KLAC)

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