KLA Co. (NASDAQ:KLAC) Shares Sold by Shufro Rose & Co. LLC

Shufro Rose & Co. LLC trimmed its stake in KLA Co. (NASDAQ:KLAC) by 1.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 5,514 shares of the semiconductor company’s stock after selling 95 shares during the period. Shufro Rose & Co. LLC’s holdings in KLA were worth $3,205,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Fortitude Family Office LLC acquired a new stake in shares of KLA in the fourth quarter worth $25,000. Addison Advisors LLC acquired a new stake in KLA during the fourth quarter valued at $29,000. Operose Advisors LLC acquired a new stake in KLA during the third quarter valued at $26,000. OFI Invest Asset Management acquired a new stake in KLA during the third quarter valued at $26,000. Finally, AdvisorNet Financial Inc boosted its position in KLA by 29.3% during the fourth quarter. AdvisorNet Financial Inc now owns 75 shares of the semiconductor company’s stock valued at $44,000 after purchasing an additional 17 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other KLA news, CFO Bren D. Higgins sold 7,018 shares of KLA stock in a transaction dated 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO Bren D. Higgins sold 7,018 shares of the stock in a transaction dated 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 directly owns 32,375 shares in the company, valued at approximately $22,825,670. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Oreste Donzella sold 3,257 shares of the stock in a transaction dated 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 owns 16,922 shares of the company’s stock, valued at $11,809,017.70. The disclosure for this sale can be found here. 0.12% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on KLAC shares. The Goldman Sachs Group boosted their price target on KLA from $560.00 to $640.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. UBS Group lifted their price objective on KLA from $605.00 to $760.00 and gave the company a “neutral” rating in a report on Tuesday, March 5th. Stifel Nicolaus raised their target price on KLA from $685.00 to $760.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Morgan Stanley lifted their price objective on KLA from $692.00 to $698.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, TD Cowen boosted their target price on KLA from $650.00 to $700.00 and gave the stock a “hold” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $720.42.

KLA Trading Up 4.9 %

Shares of KLAC stock traded up $33.31 on Friday, hitting $706.26. The company had a trading volume of 1,193,523 shares, compared to its average volume of 821,545. KLA Co. has a twelve month low of $369.00 and a twelve month high of $729.15. 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 50-day moving average is $685.41 and its two-hundred day moving average is $600.67. The firm has a market cap of $95.51 billion, a P/E ratio of 37.00, a P/E/G ratio of 3.52 and a beta of 1.34.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, April 25th. The semiconductor company reported $5.26 EPS for the quarter, topping analysts’ consensus estimates of $4.94 by $0.32. The business had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.31 billion. KLA had a return on equity of 103.31% and a net margin of 27.19%. KLA’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period last year, the company posted $5.49 earnings per share. On average, equities research analysts anticipate that KLA Co. will post 22.61 earnings per share for the current fiscal year.

KLA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 19th were given a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Thursday, February 15th. KLA’s payout ratio is 30.38%.

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.