Unigestion Holding SA Has $1.36 Million Holdings in KLA Co. (NASDAQ:KLAC)

Unigestion Holding SA lowered its stake in shares of KLA Co. (NASDAQ:KLAC) by 1.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 2,165 shares of the semiconductor company’s stock after selling 31 shares during the period. Unigestion Holding SA’s holdings in KLA were worth $1,364,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Diversify Advisory Services LLC boosted its position in shares of KLA by 22.7% during the fourth quarter. Diversify Advisory Services LLC now owns 648 shares of the semiconductor company’s stock valued at $443,000 after buying an additional 120 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its position in KLA by 27.6% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 9,778 shares of the semiconductor company’s stock valued at $6,161,000 after buying an additional 2,112 shares during the last quarter. Milestone Asset Management LLC bought a new position in KLA during the 4th quarter valued at $1,563,000. AEGON ASSET MANAGEMENT UK Plc boosted its holdings in KLA by 15.2% during the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 60,834 shares of the semiconductor company’s stock worth $38,326,000 after acquiring an additional 8,028 shares during the last quarter. Finally, Fiduciary Alliance LLC bought a new stake in shares of KLA in the 4th quarter worth $1,190,000. 86.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on KLAC shares. Needham & Company LLC raised their price target on shares of KLA from $800.00 to $830.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Jefferies Financial Group restated a “hold” rating and issued a $725.00 target price (down previously from $875.00) on shares of KLA in a research note on Friday, March 28th. Cantor Fitzgerald upped their target price on KLA from $800.00 to $875.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Susquehanna lifted their price target on KLA from $620.00 to $655.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Finally, UBS Group upped their price objective on KLA from $665.00 to $780.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $832.17.

Insider Activity at KLA

In other KLA news, CFO Bren D. Higgins sold 7,008 shares of the firm’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $724.62, for a total value of $5,078,136.96. Following the completion of the transaction, the chief financial officer now directly owns 28,798 shares of the company’s stock, valued at $20,867,606.76. This trade represents a 19.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.12% of the stock is owned by corporate insiders.

KLA Stock Down 7.1 %

KLA stock opened at $576.53 on Friday. The firm has a market capitalization of $76.61 billion, a price-to-earnings ratio of 24.24, a P/E/G ratio of 1.57 and a beta of 1.37. The firm has a 50 day simple moving average of $716.60 and a 200 day simple moving average of $699.79. KLA Co. has a 1-year low of $559.76 and a 1-year high of $896.32. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64.

KLA (NASDAQ:KLAC) last released its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. On average, analysts predict that KLA Co. will post 31.59 earnings per share for the current year.

KLA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th were given a $1.70 dividend. The ex-dividend date was Monday, February 24th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 1.18%. KLA’s dividend payout ratio (DPR) is currently 28.60%.

KLA Profile

KLA Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of 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 and Component Inspection.