Stephens Inc. AR Acquires 139 Shares of KLA Co. (NASDAQ:KLAC) – Defense World
Posted by Defense World Staff on Jun 9th, 2024 
Stephens Inc. AR raised its holdings in shares of KLA Co. (NASDAQ:KLAC – Free Report) by 3.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,453 shares of the semiconductor company’s stock after acquiring an additional 139 shares during the quarter. Stephens Inc. AR’s holdings in KLA were worth $2,589,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in KLAC. Wellington Management Group LLP boosted its holdings in shares of KLA by 6.4% in the 3rd quarter. Wellington Management Group LLP now owns 3,159,498 shares of the semiconductor company’s stock valued at $1,449,135,000 after buying an additional 190,355 shares during the last quarter. Norges Bank acquired a new stake in shares of KLA in the 4th quarter valued at approximately $1,048,728,000. Northern Trust Corp boosted its holdings in shares of KLA by 3.5% in the 3rd quarter. Northern Trust Corp now owns 1,598,677 shares of the semiconductor company’s stock valued at $733,249,000 after buying an additional 54,472 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of KLA by 12.7% in the 3rd quarter. Invesco Ltd. now owns 1,365,784 shares of the semiconductor company’s stock valued at $626,431,000 after buying an additional 153,752 shares during the last quarter. Finally, Morgan Stanley boosted its holdings in shares of KLA by 10.2% in the 3rd quarter. Morgan Stanley now owns 1,267,811 shares of the semiconductor company’s stock valued at $581,496,000 after buying an additional 117,584 shares during the last quarter. 86.65% of the stock is owned by institutional investors.
In other KLA news, CFO Bren D. Higgins sold 1,019 shares of KLA stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $788.58, for a total value of $803,563.02. Following the transaction, the chief financial officer now owns 31,356 shares in the company, valued at $24,726,714.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other KLA news, insider Ahmad A. Khan sold 7,833 shares of KLA stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $760.00, for a total value of $5,953,080.00. Following the transaction, the insider now owns 32,105 shares in the company, valued at $24,399,800. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Bren D. Higgins sold 1,019 shares of KLA stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $788.58, for a total value of $803,563.02. Following the sale, the chief financial officer now directly owns 31,356 shares in the company, valued at $24,726,714.48. The disclosure for this sale can be found here. Insiders have sold a total of 33,136 shares of company stock worth $24,016,781 over the last 90 days. Insiders own 0.12% of the company’s stock.
Several equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on KLA in a report on Thursday, April 11th. They issued a “buy” rating and a $800.00 price objective for the company. Cantor Fitzgerald increased their price objective on KLA from $625.00 to $800.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Barclays raised KLA from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $630.00 to $765.00 in a report on Wednesday. Stifel Nicolaus raised their price target on KLA from $685.00 to $760.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Finally, Morgan Stanley raised their price target on KLA from $692.00 to $698.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Nine investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, KLA currently has a consensus rating of “Moderate Buy” and a consensus target price of $740.15.
View Our Latest Research Report on KLAC
KLAC opened at $768.97 on Friday. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.46 and a current ratio of 2.14. KLA Co. has a fifty-two week low of $440.15 and a fifty-two week high of $791.96. The company has a market capitalization of $103.53 billion, a P/E ratio of 40.28, a P/E/G ratio of 3.68 and a beta of 1.28. The stock has a fifty day moving average of $716.43 and a 200-day moving average of $652.15.
KLA (NASDAQ:KLAC – Get Free Report) 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. KLA had a return on equity of 102.37% and a net margin of 27.19%. The company had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.31 billion. During the same quarter last year, the business earned $5.49 earnings per share. KLA’s revenue was down 3.0% on a year-over-year basis. On average, equities analysts expect that KLA Co. will post 23.3 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th were given a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date was Tuesday, May 14th. KLA’s dividend payout ratio is presently 30.38%.
(Free Report)
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.
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