426 Shares in KLA Co. (NASDAQ:KLAC) Bought by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC purchased a new position in shares of KLA Co. (NASDAQ:KLAC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 426 shares of the semiconductor company’s stock, valued at approximately $248,000.

Other institutional investors also recently added to or reduced their stakes in the company. Intact Investment Management Inc. boosted its position in KLA by 7.4% during the fourth quarter. Intact Investment Management Inc. now owns 1,450 shares of the semiconductor company’s stock worth $843,000 after purchasing an additional 100 shares in the last quarter. State of Michigan Retirement System boosted its position in shares of 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. Meritage Portfolio Management grew its stake in KLA by 6.8% in the 4th quarter. Meritage Portfolio Management now owns 26,626 shares of the semiconductor company’s stock valued at $15,478,000 after acquiring an additional 1,692 shares during the last quarter. Chico Wealth RIA increased its holdings in KLA by 287.0% during the 4th quarter. Chico Wealth RIA now owns 3,870 shares of the semiconductor company’s stock valued at $2,250,000 after acquiring an additional 2,870 shares in the last quarter. Finally, Crestwood Advisors Group LLC increased its holdings in KLA by 48.7% during the 4th quarter. Crestwood Advisors Group LLC now owns 43,484 shares of the semiconductor company’s stock valued at $25,277,000 after acquiring an additional 14,251 shares in the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

Insider Activity

In other KLA news, EVP Oreste Donzella sold 3,257 shares of the business’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 transaction of $2,272,897.45. Following the completion of the sale, the executive vice president now directly owns 16,922 shares in the company, valued at $11,809,017.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO Bren D. Higgins sold 7,018 shares of the firm’s 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 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 SEC, which is accessible through this link. Also, 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 transaction, the executive vice president now 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. Corporate insiders own 0.12% of the company’s stock.

KLA Stock Performance

Shares of KLAC stock opened at $666.04 on Thursday. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.46 and a current ratio of 2.14. The firm has a market capitalization of $89.68 billion, a price-to-earnings ratio of 34.89, a price-to-earnings-growth ratio of 2.94 and a beta of 1.33. KLA Co. has a one year low of $369.66 and a one year high of $729.15. The company has a 50 day moving average price of $687.50 and a 200 day moving average price of $604.86.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data on Thursday, April 25th. The semiconductor company reported $5.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.94 by $0.32. The company had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.31 billion. KLA had a net margin of 27.19% and a return on equity of 102.37%. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the previous year, the company earned $5.49 EPS. Sell-side analysts anticipate that KLA Co. will post 23.24 EPS for the current year.

KLA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 19th were issued a $1.45 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 0.87%. KLA’s dividend payout ratio (DPR) is 30.38%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Bank of America increased their price target on shares of KLA from $740.00 to $850.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Barclays increased their target price on KLA from $550.00 to $630.00 and gave the company an “underweight” rating in a report on Friday, April 26th. JPMorgan Chase & Co. boosted their price target on KLA from $565.00 to $725.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Susquehanna reaffirmed a “neutral” rating and set a $675.00 price objective on shares of KLA in a research note on Monday, April 1st. Finally, TD Cowen boosted their target price on shares of KLA from $650.00 to $700.00 and gave the company a “hold” rating in a research note on Friday, April 26th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $722.26.

KLA 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.