Sava Infond d.o.o. Buys Shares of 990 KLA Co. (NASDAQ:KLAC)

Sava Infond d.o.o. purchased a new position in KLA Co. (NASDAQ:KLAC) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 990 shares of the semiconductor company’s stock, valued at approximately $624,000.

A number of other hedge funds have also recently made changes to their positions in KLAC. Vanguard Group Inc. raised its holdings in KLA by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 13,484,468 shares of the semiconductor company’s stock worth $8,496,833,000 after purchasing an additional 85,370 shares in the last quarter. State Street Corp raised its stake in shares of KLA by 2.5% during the 3rd quarter. State Street Corp now owns 5,979,293 shares of the semiconductor company’s stock worth $4,630,424,000 after acquiring an additional 145,317 shares in the last quarter. Geode Capital Management LLC lifted its position in KLA by 3.0% during the third quarter. Geode Capital Management LLC now owns 3,221,694 shares of the semiconductor company’s stock valued at $2,487,971,000 after acquiring an additional 93,743 shares during the last quarter. Amundi boosted its stake in KLA by 9.4% in the fourth quarter. Amundi now owns 1,394,260 shares of the semiconductor company’s stock valued at $953,774,000 after acquiring an additional 119,845 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in KLA by 5.9% in the fourth quarter. Bank of New York Mellon Corp now owns 1,153,043 shares of the semiconductor company’s stock worth $726,555,000 after purchasing an additional 64,238 shares during the last quarter. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on KLAC shares. Needham & Company LLC raised their price objective on KLA from $800.00 to $830.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Stifel Nicolaus boosted their price target on KLA from $800.00 to $825.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Susquehanna increased their price objective on shares of KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. UBS Group boosted their target price on shares of KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. Finally, Barclays raised their price target on shares of KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $830.67.

Insider Buying and Selling

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

KLA Price Performance

Shares of NASDAQ KLAC opened at $700.00 on Friday. The stock has a market capitalization of $93.02 billion, a price-to-earnings ratio of 29.44, a PEG ratio of 1.57 and a beta of 1.30. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63. The firm’s 50 day simple moving average is $729.51 and its 200-day simple moving average is $703.36. KLA Co. has a 12 month low of $609.40 and a 12 month high of $896.32.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, topping 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%. Analysts expect that KLA Co. will post 31.59 EPS for the current year.

KLA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Monday, February 24th were paid a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date was Monday, February 24th. KLA’s dividend payout ratio is presently 28.60%.

KLA Company 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.