3,567 Shares in KLA Co. (NASDAQ:KLAC) Bought by Aquatic Capital Management LLC

Aquatic Capital Management LLC purchased a new stake in KLA Co. (NASDAQ:KLAC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,567 shares of the semiconductor company’s stock, valued at approximately $2,248,000.

A number of other hedge funds also recently made changes to their positions in the business. Tortoise Investment Management LLC lifted its holdings in shares of KLA by 300.0% during the 4th quarter. Tortoise Investment Management LLC now owns 48 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 36 shares during the period. TCTC Holdings LLC bought a new position in shares of KLA during the 4th quarter worth about $31,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of KLA during the 4th quarter worth about $32,000. Fairfield Financial Advisors LTD lifted its holdings in shares of KLA by 160.0% during the 4th quarter. Fairfield Financial Advisors LTD now owns 65 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 40 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of KLA during the 4th quarter worth about $43,000. Institutional investors and hedge funds own 86.65% of the company’s stock.

Insider Transactions at KLA

In other news, CFO Bren D. Higgins sold 7,008 shares of KLA stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 28,798 shares in the company, valued at $20,867,606.76. The trade was a 19.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.12% of the stock is owned by corporate insiders.

KLA Trading Down 0.1 %

KLAC opened at $693.72 on Tuesday. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $92.19 billion, a PE ratio of 29.17, a PEG ratio of 1.57 and a beta of 1.37. KLA Co. has a 1-year low of $551.33 and a 1-year high of $896.32. The firm has a 50-day moving average price of $683.99 and a two-hundred day moving average price of $684.37.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share for the quarter, beating the consensus estimate of $7.73 by $0.47. KLA had a net margin of 29.58% and a return on equity of 108.60%. As a group, equities analysts anticipate that KLA Co. will post 31.59 earnings per share for the current fiscal year.

KLA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Monday, February 24th were given a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Monday, February 24th. KLA’s dividend payout ratio is 28.60%.

Wall Street Analyst Weigh In

KLAC has been the subject of a number of analyst reports. Stifel Nicolaus reduced their price objective on shares of KLA from $825.00 to $750.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a report on Friday, January 31st. The Goldman Sachs Group increased their target price on shares of KLA from $759.00 to $864.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Citigroup dropped their target price on shares of KLA from $910.00 to $800.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Finally, UBS Group increased 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. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $804.67.

About KLA

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.